Exhibit 10.2

                          SUBSEQUENT TRANSFER AGREEMENT

         First Alliance Mortgage Company in its capacities as seller (the
"Seller") and as servicer (the "Servicer") and First Alliance Mortgage Loan
Trust 1998-2, as the "Purchaser", pursuant to the Sale and Servicing Agreement
dated as of June 1, 1998, (the "Sale and Servicing Agreement") among the Seller,
the Servicer, the Purchaser and The Chase Manhattan Bank, a New York banking
corporation, in its capacity as Indenture Trustee (the "Indenture Trustee"),
hereby confirm their understanding with respect to the sale by the Seller and
the purchase by the Purchaser of those Mortgage Loans (the "Subsequent Mortgage
Loans") listed on the attached Schedules of Mortgage Loans.

         Conveyance of Subsequent Mortgage Loans. As of June 30, 1998 (the
"Subsequent Transfer Date"), the Seller does hereby irrevocably transfer,
assign, set over and otherwise convey to the Purchaser, without recourse (except
as otherwise explicitly provided for herein) all of its right, title and
interest in and to any and all benefits accruing from the Subsequent Mortgage
Loans which are delivered to The Bank of New York, as custodian, on behalf of
the Indenture Trustee herewith (and all substitutions therefor as provided by
Sections 2.3, 2.4 and 2.6 of the Sale and Servicing Agreement), together with
the related Subsequent Mortgage Loan documents and the interest in any Property
which secured a Subsequent Mortgage Loan but which has been acquired by
foreclosure or deed in lieu of foreclosure, and all payments thereon and
proceeds of the conversion, voluntary or involuntary, of the foregoing; and
proceeds of all the foregoing (including, but not by way of limitation, all
proceeds of any mortgage insurance, hazard insurance and title insurance policy
relating to the Subsequent Mortgage Loans, cash proceeds, accounts, accounts
receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts,
rights to payment of any and every kind, and other forms of obligations and
receivables which at any time constitute all or part of or are included in the
proceeds of any of the foregoing). The Seller shall deliver the original
Mortgage or mortgage assignment with evidence of recording thereon (except as
otherwise provided by the Sale and Servicing Agreement) and other required
documentation in accordance with the terms set forth in Sections 2.5 and 2.8 of
the Sale and Servicing Agreement.

         The costs relating to the delivery of the documents specified in this
Subsequent Transfer Agreement and the Sale and Servicing Agreement shall be
borne by the Seller.

         The Seller hereby affirms the representations and warranties set forth
in the Sale and Servicing Agreement that relate to the Seller and the Subsequent
Mortgage Loans as of the date hereof. The Seller hereby delivers notice and
confirms that each of the conditions set forth in Section 2.8(b), 2.8(c) and
2.8(d) to the Sale and Servicing Agreement are satisfied as of the date hereof.

         Pursuant to Section 2.8(a) of the Sale and Servicing Agreement, the
Seller instructs the Indenture Trustee to release one-hundred percent of the
aggregate principal balances of the Subsequent Mortgage Loans so transferred
from the Pre-Funding Account, $17,380,072.68 pursuant to this Subsequent
Transfer Agreement and to include $3,418,150.07 of the Subsequent Mortgage Loans
listed in Exhibit A hereto in the Adjustable Rate Pool and $13,961,922.61 of the
Subsequent






Mortgage Loans listed in Exhibit B hereto in the Fixed Rate Pool.

         All terms and conditions of the Sale and Servicing Agreement are hereby
ratified, confirmed and incorporated herein, provided that in the event of any
conflict the provisions of this Subsequent Transfer Agreement shall control over
the conflicting provisions of the Sale and Servicing Agreement.

         Terms capitalized herein and not defined herein shall have their
respective meanings as set forth in the Sale and Servicing Agreement.


                                               

FIRST ALLIANCE MORTGAGE                          THE CHASE MANHATTAN BANK,
COMPANY, as Seller                               as Indenture Trustee for First Alliance
                                                 Mortgage Loan Trust 1998-2



By:    /s/ Brian Chisick                         By:    /s/ Diane E. Wallace
       ---------------------------------                ---------------------
Name:  Brian Chisick                             Name:  Diane E. Wallace    
Title: President/Chief Executive Officer         Title: Trust Officer   
                                                 

FIRST ALLIANCE MORTGAGE                          Dated: June 30, 1998
COMPANY, as Servicer



By:      /s/ Brian Chisick
         ---------------------------------
Name:    Brian Chisick
Title:   President/Chief Executive Officer






                                   Exhibit A
                       Loan Schedule - 1998-2A (ADJUSTABLE)




   Loan                                                                                Lien    Cut-Off      Current       Current   
  Number            Property Address                      City             ST    Zip    Pos    Balance       Rate           Pmt     
- - ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
    106256 2431 34TH AVE                       SAN FRANCISCO               CA    94116   1     188,811.00    10.000        1,656.95 
    106257 8803 HUMMINGBIRD AV                 FOUNTAIN VALLEY             CA    92708   1     213,824.00     8.990        1,718.94 
    405792 1420 CAMPBELL STREET                OAKLAND                     CA    94607   1      27,078.00    10.500          247.69 
    605004 72 RUSSELL DRIVE                    ANTIOCH                     CA    94509   1      39,995.00     9.690          341.86 
   1602885 1115 OAKHILL PLACE NW               ISSAQUAH                    WA    98027   1     153,426.00     9.500        1,290.09 
   1803730 210 S. PROSPECT AVENUE              CLARENDON HILLS             IL    60514   1     165,847.00     9.490        1,393.32 
   1803738 8728 S. MARQUETTE                   CHICAGO                     IL    60617   1      55,190.00     8.990          559.45 
   2201911 494 E. STATE ST.                    SOUTH ELGIN                 IL    60177   1      80,490.00     9.850          697.45 
   2700583 5354 S. 2000 W.                     ROY                         UT    84067   1     106,979.00     9.240          879.31 
   2700584 198 E. 6715 S.                      MIDVALE                     UT    84047   1      71,747.00     7.740          513.51 
   3201110 13 PARK AVE                         PORT WASHINGTON             NY    11050   1     184,541.00    11.240        1,790.97 
   3400591 88 PERGOLA AVE                      JAMESBURG (MONROE TWP)      NJ    08831   1     111,200.00    10.650        1,029.68 
   3400605 64 DORSET DRIVE                     CLARK                       NJ    07066   1     118,570.00     9.490          996.14 
   3500356 177 WHITE BIRCH ST.                 LEICESTER                   MA    01524   1     126,690.00     8.850        1,005.73 
   3500394 6 BENTLEY LANE                      CHELMSFORD                  MA    01824   1      88,940.00     9.240          731.04 
   3500398 9 ABBOTT STREET                     NEWTON                      MA    02164   1      65,291.00     8.240          490.05 
   3500401 23 PICKMAN STREET                   SALEM                       MA    01970   1      76,990.00     9.850          667.12 
   8303014 7227 NW EVERS ROAD                  FOREST GROVE                OR    97116   1     136,586.24     7.500        1,270.01 
   8303125 3845 SE 42ND AVE.                   PORTLAND                    OR    97206   1      63,954.83     7.750          458.50 
   8303179 5726 SE MALDEN STREET               PORTLAND                    OR    97206   1      84,000.00     7.990          615.78 
   8303198 566 N. 2ND STREET                   SAN JOSE                    CA    95112   1      51,000.00     7.990          487.09 
   8303199 38304 NORTH SHORE AVE.              WAUKEGAN                    IL    60087   1      82,000.00     7.750          771.85 
   8303244 166 W. AVENIDA DE LAS FLORES        THOUSAND OAKS               CA    91360   1     225,000.00     8.500        1,730.06 
   8410461 1084 NORTH SAN MARCOS ROAD          SANTA BARBARA               CA    93111   1     187,200.00     7.030        1,249.22 
   8410469 493 OLD FARM CIRCLE                 CENTERVILLE                 UT    84014   1     130,000.00     7.530          911.65 
   8410471 658 WEST 650 NORTH                  CLEARFIELD                  UT    84015   1      53,000.00     7.250          361.55 
   8410474 1941 NORTH 1400 WEST                LAYTON                      UT    84041   1      80,000.00     8.530          616.83 
   8410479 5333 GARWOOD DRIVE                  SAN JOSE                    CA    95118   1     217,000.00     7.530        1,521.76 
   8410481 1231 BROOKSIDE ROAD                 PISCATAWAY                  NJ    08854   1      83,000.00     7.750          781.26 
   8410486 1507 WEST FERN AVENUE               REDLANDS                    CA    92373   1      70,800.00     7.030          472.46 
   8410489 611 OBISPO AVENUE                   LONG BEACH                  CA    90814   1      79,000.00     7.780          567.60 
- - ------------------------------------------------------------------------------------------------------------------------------------
TOTAL VARIABLE RATE LOANS:                     31                                            3,418,150.07



   Loan                 Mat       Pmt     Prop  Occup   Appraised  Orig 
  Number               Date       Type    Type   Type     Value    Type 
- - ----------------------------------------------------------------------- 
                                                 
    106256            8/1/28       A       S      I       319,000   F   
    106257            8/1/28       A       S      P       289,000   F   
    405792            8/1/28       A       S      P        68,000   F   
    605004            8/1/28       A       S      P        73,000   F   
   1602885            8/1/28       A       S      P       221,000   F   
   1803730            8/1/28       A       S      P       237,000   F   
   1803738            8/1/13       A       F      P        92,000   F   
   2201911            8/1/28       A       S      P       110,000   F   
   2700583            8/1/28       A       F      I       170,000   F   
   2700584            8/1/28       A       S      P       140,000   F   
   3201110            8/1/28       A       S      P       312,000   F   
   3400591            8/1/28       A       S      P       189,000   F   
   3400605            8/1/28       A       S      P       262,000   F   
   3500356            7/1/28       A       S      P       181,000   F   
   3500394            8/1/28       A       S      P       175,000   F   
   3500398            8/1/28       A       S      P       195,000   F   
   3500401            8/1/28       A       S      P       110,000   F   
   8303014            5/1/13       A       S      P       235,000   C   
   8303125            5/1/28       A       S      P       107,000   C   
   8303179            6/1/28       A       S      P       105,000   C   
   8303198            6/1/13       A       S      P       255,000   C   
   8303199            6/1/13       A       S      P       135,000   C   
   8303244            6/1/28       A       S      P       300,000   C   
   8410461            7/1/28       A       S      P       361,000   C   
   8410469            7/1/28       A       S      P       195,000   C   
   8410471            7/1/28       A       S      P        90,000   C   
   8410474            7/1/28       A       S      P       100,000   C   
   8410479            7/1/28       A       S      P       315,000   C   
   8410481            7/1/13       A       S      P       125,000   C   
   8410486            7/1/28       A       S      P       122,000   C   
   8410489            7/1/28       A       S      P       138,000   C   
- - ----------------------------------------------------------------------  


                                     Page 1                                98-2A



                                   Exhibit B
                         Loan Schedule - 1998-2F (FIXED)


   Loan                                                                                   Lien      Cut-Off        Current      
  Number            Property Address                        City               ST   Zip   Pos       Balance        Rate         
- - --------------------------------------------------------------------------------------------------------------------------------
                                                                                               
  106253   13901 HOLT AVE                       SANTA ANA                        CA   92705  1         72,034.00     8.990      
  106255   22021 MALIBU LN                      HUNTINGTON BEACH                 CA   92646  1         49,700.00     8.990      
  203343   1185 MARLINE AVENUE                  EL CAJON                         CA   92021  1         75,411.10    10.950      
  204486   1720 WALTON STREET                   OCEANSIDE                        CA   92054  1         68,240.00     8.990      
  303954   19418 LEAL CIRCLE                    CERRITOS                         CA   90703  1         98,355.95    11.500      
  304045   2851 DELAWARE AVE                    SANTA MONICA                     CA   90404  1        191,225.69     9.625      
  304098   2720 EAST BROADWAY                   LONG BEACH                       CA   90803  1         79,064.70     9.625      
  304527   6013 GREENTOP STREET                 LAKEWOOD                         CA   90713  1         48,191.00    13.400      
  304533   1443 WEST 85TH STREET                LOS ANGELES                      CA   90047  1         41,261.00     9.900      
  304539   1606 WEST 137TH STREET               COMPTON                          CA   90222  1         37,091.00     9.890      
  304542   2006 WEST 79TH STREET                LOS ANGELES                      CA   90047  1         60,931.00     8.990      
  304547   7040  6TH AVENUE                     LOS ANGELES                      CA   90043  1         36,559.00     9.490      
  404928   417-419 CLAYTON STREET               SAN FRANCISCO                    CA   94117  1        158,809.41     9.950      
  405336   688 CENTRAL AVE                      PITTSBURG                        CA   94565  1         81,190.23     9.625      
  405439   1994 DEPOT ROAD                      HAYWARD                          CA   94545  1         66,417.16     9.950      
  405801   7521 HALLIDAY AVENUE                 OAKLAND                          CA   94605  1         44,186.00     9.400      
  405805   9966 LAWLOR STREET                   OAKLAND                          CA   94605  1        117,558.00     9.990      
  504517   1427 VENICE ST                       SIMI VALLEY                      CA   93065  1         63,476.94     9.625      
  505484   3708 MILITARY AVE                    LOS ANGELES                      CA   90034  1         68,937.49     8.750      
  505672   19519 BASSETT ST                     Reseda area                      CA   91335  1         63,200.00     9.400      
  505677   335 MARIPOSA DRIVE                   VENTURA                          CA   93001  3         34,924.00    14.950      
  505694   8618 STANSBURY AVENUE                (PANORAMA CITY AREA)             CA   91402  1         30,645.00     9.950      
  505699   1117 CAVALIER AVENUE                 SIMI VALLEY                      CA   93065  1         90,737.00    10.490      
  706953   679 FRASER AVENUE                    Los Angeles area                 CA   90022  1         79,899.28     9.990      
  707362   217  W  BYGROVE  ST;                 COVINA                           CA   91722  1         70,077.00    10.650      
  707373   4023  KENNETH  STREET                RIVERSIDE                        CA   92509  1         52,457.00     8.400      
  806667   3347 PLACERCREEK CT                  SAN JOSE                         CA   95121  1        100,787.00     9.400      
  806698   1885 KINROSS WAY                     SAN JOSE                         CA   95122  1         82,370.00     9.490      
  806699   495 ROSWELL DRIVE                    MILPITAS                         CA   95035  1        118,820.00     8.990      
 1301193   2418 LAVISTA  ROAD NE                ATLANTA                          GA   30329  1         50,676.97     9.200      
 1301642   2837 DAVIDSON DR                     LITHONIA                         GA   30058  1         86,800.00    10.900      
 1301658   2931 CHESHIRE DR.                    MARIETTA                         GA   30062  1         99,877.00    10.500      
 1301659   375 OAKLAND AVE. S.E.                ATLANTA                          GA   30312  1         30,334.00    10.650      
 1301661   3984 ARDEN WAY N.E.                  ATLANTA                          GA   30342  1        171,769.00     8.990      
 1602095   5942   S.  125TH   ST                SEATTLE                          WA   98178  1         94,919.79    10.750      
 1602881   713 S MULLEN ST                      TACOMA                           WA   98405  1         51,481.00     8.990      
 1702670   8783 EVERETT COURT                   ARVADA                           CO   80005  1         84,795.84     9.500      
 1703083   916 ADAMS STREET                     DENVER                           CO   80206  1         77,039.00     8.990      
 1703084   3029 WEST LAYTON AVENUE              ENGLEWOOD                        CO   80110  1         23,993.00     9.400      
 1802881   18901 S. 113TH AVENUE                MOKENA                           IL   60448  1         75,618.86     9.750      
 1803063   9124 S. BELL AVENUE                  CHICAGO                          IL   60620  1         84,192.07     9.250      
 1803109   7418 S. JEFFERY BOULEVARD            CHICAGO                          IL   60649  1         63,495.77    10.250      
 1803331   1642 W. 93RD STREET                  CHICAGO                          IL   60620  1         60,546.29     8.950      
 1803692   1541 S. TRUMBULL AVENUE              CHICAGO                          IL   60623  1         29,633.00     9.900      
 1803711   1413 S. KOSTNER AVENUE               CHICAGO                          IL   60623  1         75,081.99     8.990      
 1803717   10 TIMERLAKE TRAIL WEST              OSWEGO                           IL   60543  1         87,221.99     8.990      
 1803735   338 MICHIGAN AVENUE                  AURORA                           IL   60506  1         52,651.00    10.490      
 1901801   7810 NW 175 STREET                   HIALEAH                          FL   33015  1         79,890.20     9.490      
 1901822   9420 JAMAICA DR                      MIAMI                            FL   33189  1         29,529.01    10.000      
 1901963   6266 SW 42ND ST                      MIAMI                            FL   33155  1         81,630.93     9.990      
 1901977   3621 SW 126 AVENUE                   MIAMI                            FL   33175  1         78,303.12     9.625      
 1902142   18035 NW 84TH AVENUE                 HIALEAH                          FL   33015  1         79,990.00     9.400      
 2101504   18346 SE TIBBETTS CT                 GRESHAM                          OR   97030  1         80,112.70     9.950      
 2101613   2001 LIBRA ST                        NEWBERG                          OR   97132  1         69,326.88     9.490      
 2101633   5342 SW 65TH AVE                     PORTLAND                         OR   97221  1        117,348.86     9.625      
 2101657   17650 SE HAIG DR                     PORTLAND                         OR   97236  1        101,582.40     9.650      
 2101807   11303 SE POWELL CT                   PORTLAND                         OR   97266  1         90,302.47     8.990      
 2102036   6440 NE 8TH AVE                      PORTLAND                         OR   97211  1         76,038.00    10.150      
 2102038   4353 NE JARRETT ST                   PORTLAND                         OR   97218  1         27,081.00     9.900      
 2102043   6435 NE BROADWAY ST                  PORTLAND                         OR   97213  1         52,323.00     9.400      
 2102045   4541 NE 26TH AVE                     PORTLAND                         OR   97211  1         40,841.00    11.900      
 2102047   10258 SE MITCHELL ST                 PORTLAND                         OR   97266  1         52,926.00    10.490      
 2201663   422 N SEMINARY AVE                   WOODSTOCK                        IL   60098  1         54,817.78     8.490      
 2201909   2940 N. SEELEY AVE.                  CHICAGO                          IL   60618  1         75,316.00     9.400      
 2401384   11371 NW 23RD STREET                 PEMBROKE PINES                   FL   33026  1         87,655.09     9.250      
 2401535   6701 OAKMONT DR                      NORTH LAUDERDALE                 FL   33068  1         75,738.86     9.450      
 2500156   1910 STINE ROAD                      PENINSULA                        OH   44264  1         97,501.79     9.500      
 2500177   4437 SILSBY ROAD                     UNIVERSITY HEIGHTS               OH   44118  1         76,974.15     9.500      
 2500385   423 SOUTH ROSE BLVD.                 AKRON                            OH   44320  1        184,824.00     8.990      
 2600091   2939 N. 47TH. ST.                    PHOENIX                          AZ   85018  1         74,004.71    10.250      
 2600155   13022 N. 48TH. PL.                   SCOTTSDALE                       AZ   85254  1         75,724.65     9.625      
 2600266   2044 N. 71ST. ST.                    SCOTTSDALE                       AZ   85257  1         79,929.30     9.000      
 2700227   991 S 700 E                          SALT LAKE CITY                   UT   84105  1         52,642.84    10.250      
 2700281   557 S. 1100 W.                       WOODS CROSS                      UT   84087  1         57,091.40     9.250      
 2700589   5110 SOUTH 4420 WEST                 SALT LAKE CITY                   UT   84118  1         67,367.00     9.990      
 2900592   1434 CENTER ST                       LEVITTOWN                        PA   19057  1         40,622.28     9.500      
 2900855   329 MANOR RD.                        HATBORO                          PA   19040  1         80,537.00     8.990      
 2900861   155 CRABTREE DRIVE                   LEVITTOWN                        PA   19055  1         68,590.00     8.900      
 3100894   102 LAKE SHORE DR                    HEWITT                           NJ   07421  1         81,890.00     9.400      
 3100897   256 EPPS RD                          ENGLEWOOD                        NJ   07631  1         28,868.00    11.900      
 3100898   90 LANGDON AVE                       WHARTON                          NJ   07885  1         87,826.00    10.400      


   Loan               Current    Mat        Pmt     Prop    Occup    Appraised   Orig  
  Number              Pmt        Date       Type    Type    Type       Value     Type  
- - -------------------------------------------------------------------------------------
                                                            
  106253                579.08   8/1/28       A       S       P        315,000    F  
  106255                399.54   8/1/28       A       S       P        258,000    F  
  203343                732.79   2/1/24       A       S       I        112,000    F  
  204486                548.58   8/1/28       A       S       P        105,000    F  
  303954                981.27   9/1/26       A       S       P        210,000    F  
  304045              1,640.55   12/1/26      A       S       P        250,000    F  
  304098                677.56   2/1/27       A       S       P        155,000    F  
  304527                548.20   7/1/28       A       S       P        150,000    F  
  304533                359.05   8/1/28       A       S       P         77,000    F  
  304539                396.09   8/1/13       A       S       P        127,000    F  
  304542                489.83   8/1/28       A       S       P        124,000    F  
  304547                307.14   8/1/28       A       S       P        115,000    F  
  404928              1,405.18   5/1/26       A       F       P        320,000    F  
  405336                694.65   5/1/27       A       S       P        109,000    F  
  405439                583.11   9/1/27       A       S       I        161,000    F  
  405801                368.32   8/1/28       A       S       I         82,000    F  
  405805              1,030.79   8/1/28       A       S       P        163,000    F  
  504517                557.51   12/1/23      A       S       P        165,000    F  
  505484                545.92   7/1/27       A       F       P        261,000    F  
  505672                526.81   7/1/28       A       S       P        120,000    F  
  505677                440.20   7/1/28       A       S       I        360,000    F  
  505694                267.80   8/1/28       A       S       P        130,000    F  
  505699                829.33   8/1/28       A       S       P        162,000    F  
  706953                706.64   12/1/26      A       S       P        130,000    F  
  707362                648.89   8/1/28       A       S       P        150,000    F  
  707373                399.64   8/1/28       A       S       P         90,000    F  
  806667                840.13   7/1/28       A       C       P        126,000    F  
  806698                692.01   8/1/28       A       S       P        191,000    F  
  806699                955.20   8/1/28       A       S       P        235,000    F  
 1301193                418.05   5/1/27       A       S       P        134,000    F  
 1301642                820.06   6/1/28       A       S       P        103,000    F  
 1301658                913.61   8/1/28       A       S       P        153,000    F  
 1301659                338.14   8/1/13       A       S       P         74,000    F  
 1301661              1,380.86   8/1/28       A       S       P        230,000    F  
 1602095                892.59   12/1/26      A       S       P        131,000    F  
 1602881                413.86   8/1/28       A       S       P         97,000    F  
 1702670                720.24   11/1/26      A       S       P        123,000    F  
 1703083                619.32   8/1/28       A       S       P        118,000    F  
 1703084                200.00   7/1/28       A       S       P        125,000    F  
 1802881                655.71   12/1/26      A       S       P        136,000    F  
 1803063                697.95   4/1/27       A       S       P        145,000    F  
 1803109                572.27   5/1/27       A       F       P        150,000    F  
 1803331                487.83   11/1/27      A       S       P         84,000    F  
 1803692                389.96   7/1/08       A       S       P         68,500    F  
 1803711                603.59   7/1/28       A       F       P        122,000    F  
 1803717                884.14   8/1/13       A       S       P        200,000    F  
 1803735                481.23   8/1/28       A       S       P         93,000    F  
 1901801                677.61   12/1/26      A       S       P        139,000    F  
 1901822                291.95   1/1/17       A       S       P        101,000    F  
 1901963                719.08   8/1/27       A       S       P        129,000    F  
 1901977                668.54   9/1/27       A       S       P        131,000    F  
 1902142                666.77   8/1/28       A       S       P        128,000    F  
 2101504                706.93   10/1/26      A       S       P        119,000    F  
 2101613                587.35   2/1/27       A       S       P        116,000    F  
 2101633              1,005.10   3/1/27       A       S       P        174,000    F  
 2101657                871.91   4/1/27       A       S       P        133,000    F  
 2101807                729.22   10/1/27      A       S       P        121,000    F  
 2102036                675.73   8/1/28       A       S       P        117,000    F  
 2102038                235.66   8/1/28       A       S       P         75,000    F  
 2102043                436.15   8/1/28       A       S       P        130,000    F  
 2102045                487.54   8/1/13       A       S       P         84,000    F  
 2102047                483.74   8/1/28       A       S       P        104,000    F  
 2201663                557.52   11/1/12      A       S       P         92,000    F  
 2201909                627.81   7/1/28       A       S       P        174,000    F  
 2401384                952.27   12/1/11      A       S       P        134,000    F  
 2401535                636.03   12/1/27      A       S       P         95,000    F  
 2500156                826.60   4/1/27       A       S       P        180,000    F  
 2500177                652.18   6/1/27       A       S       P        113,000    F  
 2500385              1,485.81   8/1/28       A       S       P        280,000    F  
 2600091                671.83   3/1/26       A       S       P        102,000    F  
 2600155                651.88   6/1/26       A       S       P        120,000    F  
 2600266                649.94   12/1/26      A       S       P        108,000    F  
 2700227                474.68   4/1/27       A       S       P        107,000    F  
 2700281                473.02   6/1/27       A       S       P         97,000    F  
 2700589                590.70   8/1/28       A       S       P         96,000    F  
 2900592                343.14   9/1/27       A       S       P        121,000    F  
 2900855                816.38   8/1/13       A       S       P        130,000    F  
 2900861                546.96   8/1/28       A       S       P         98,000    F  
 3100894                682.61   8/1/28       A       S       P        120,000    F  
 3100897                344.61   8/1/13       A       S       P        115,000    F  
 3100898                796.82   8/1/28       A       S       P        127,000    F  



                                     Page 1                                98-2F


                                   Exhibit B
                         Loan Schedule - 1998-2F (FIXED)


   Loan                                                                                   Lien      Cut-Off        Current      
  Number            Property Address                        City               ST   Zip   Pos       Balance        Rate         
- - --------------------------------------------------------------------------------------------------------------------------------
                                                                                               

 3100899   46 COLLEGE RD                        NETCONG                          NJ   07857  1         77,572.00    10.150         
 3100900   6046 PARK AVE                        WEST NEW YORK                    NJ   07093  1         26,066.00     9.400         
 3100908   16 BOYD AVE                          JERSEY CITY                      NJ   07304  1         20,468.00    11.900         
 3100909   43 W. CENTRAL AVE                    MAYWOOD                          NJ   07607  1        105,690.00     9.900         
 3200055   1602 BRENTWOOD ROAD                  BAYSHORE                         NY   11706  1         42,157.33    12.250         
 3200151   4 CHRISTOPHER CT                     DEER PARK                        NY   11729  1         64,755.25     9.250         
 3200280   360 W 18 ST                          DEER PARK                        NY   11729  1         70,021.69    10.750         
 3200376   24 LINDEN COURT                      HICKSVILLE                       NY   11801  1        104,726.37     9.750         
 3200567   53 ALLERS BLVD                       ROOSEVELT                        NY   11575  1         77,079.84     9.500         
 3200706   401 BEECHMONT AVENUE                 LINDENHURST                      NY   11757  1         95,999.27     9.500         
 3200708   28 BONAIRE DRIVE                     DIX HILLS                        NY   11746  1        125,794.26     8.490         
 3201065   1078 WOODFIELD RD                    ROCKVILLE CENTRE                 NY   11570  1         83,890.00     9.400         
 3201079   240 FIELDMERE STREET                 ELMONT                           NY   11003  1        125,983.00    10.400         
 3201094   516 BARBARA LN                       W. HEMPSTEAD                     NY   11552  1         61,691.00     9.900         
 3201106   50 SECOND PLACE                      CENTRAL ISLIP                    NY   11722  1         66,898.00     9.400         
 3201113   38 CRESCENT STREET                   HICKSVILLE                       NY   11801  1         42,542.00     9.400         
 3201117   558 RUTLAND ST                       WESTBURY                         NY   11590  1         79,643.00     9.400         
 3201124   3669 MARTHA BLVD                     BETHPAGE                         NY   11714  1        128,677.00     8.990         
 3300053   1835 69TH STREET                     BROOKLYN                         NY   11204  1         24,499.65     9.490         
 3300102   2035 NEW YORK AVENUE                 BROOKLYN                         NY   11210  1         58,120.00     9.990         
 3300471   4538 BEACH 45 STREET                 BROOKLYN                         NY   11224  1         34,784.88     8.490         
 3300695   60  HINCKLEY  PLACE                  BROOKLYN                         NY   11218  1         73,324.00    12.400         
 3300699   50-31 46TH STREET                    WOODSIDE                         NY   11377  1         72,101.00     9.400         
 3300701   72-03  160TH  STREET                 FLUSHING                         NY   11365  1         83,510.00    10.900         
 3300706   199-10 116 AVE.                      ST ALBANS                        NY   11412  1         24,959.00     9.900         
 3300707   101-19  159TH  AVENUE                HOWARD  BEACH                    NY   11414  1        165,088.00     9.490         
 3400329   1215-17 CLINTON PLACE                PLAINFIELD                       NJ   07063  1         33,471.11     9.250         
 3400577   218 JOHNSTON AVE                     PLAINFIELD                       NJ   07062  1         34,494.00     9.400         
 3400582   223 ADAMS STREET                     RAHWAY                           NJ   07065  1         70,276.00     9.400         
 3400584   19 CALUMET  ROAD                     RANDOLPH                         NJ   07869  1         99,470.00     8.990         
 3400595   64 CLARK STREET                      ISELIN (WOODBRIDGE TWP)          NJ   08830  1        103,378.00     9.900         
 3400597   650-52 E 7TH ST                      PLAINFIELD                       NJ   07060  1         47,111.00     9.400         
 3400599   42 NORTH 9TH AVE                     MANVILLE                         NJ   08835  1         43,639.00     9.900         
 3400600   354 OLD YORK RD                      FLEMINGTON(RARITAN TWP)          NJ   08822  1         95,966.00    10.650         
 3400602   21 FIELD HEDGE DRIVE                 SOMERVILLE(HILLSBOROUGH TWP)     NJ   08876  1        129,591.00     9.990         
 3500042   11 BRONISLAW ST.                     WOBURN                           MA   01801  1         70,771.68     8.950         
 3500052   122 SALEM ST.                        REVERE                           MA   02151  1         70,137.10     9.500         
 3500211   131  HIGH  STREET                    BILLERICA                        MA   01862  1         45,126.11     8.000         
 3500363   5-7 MAIN STREET                      MALDEN                           MA   02148  1         71,752.00     9.400         
 3500370   104 SANBORN LANE                     READING                          MA   01867  1        190,032.00     9.900         
 3500399   14 WISCONSIN ROAD                    TEWKSBURY                        MA   01876  1        101,840.00     9.400         
 3500404   157 COLERIDGE ST.                    EAST BOSTON                      MA   02128  1         99,990.00     9.990         
 3500406   147 MARY STREET                      ARLINGTON                        MA   02174  1        202,971.00     9.400         
 3500407   10 SACHEM ST.                        BILLERICA                        MA   01821  1         69,538.00     8.990         
 3500412   180 MYSTIC VALLEY PKWY               WINCHESTER                       MA   01890  1        182,162.00     9.990         
 3600285   5804 BLACK HAWK DRIVE                OXON HILL                        MD   20745  1         64,787.00     9.650         
 3700075   424 WELLINGTON CT.                   MASON                            OH   45040  1         30,500.00     9.500         
 3700093   801 HARGROVE WAY                     CINCINNATI                       OH   45240  1         44,990.00     9.400         
 3800130   610 COTTAGE ST SW                    VIENNA                           VA   22180  1        100,721.36     9.250         
 3800277   7320 CARVER RD                       GAINESVILLE                      VA   20155  1         70,702.00     9.400         
 3800279   720 KENYON ST   NW                   WASHINGTON                       DC   20010  1         35,972.00     9.400         
 3800280   1459 ST ST  NW                       WASHINGTON                       DC   20009  1         20,000.00     9.900         
 3900263   941 STONE RD                         WESTMINSTER                      MD   21158  1         68,725.00     9.900         
 3900266   226 N GORSUCH RD                     WESTMINSTER                      MD   21157  1         48,807.00     9.490         
 4600028   23 OCEAN RD                          OCEAN CITY                       NJ   08226  1         21,574.00    10.650         
 4600042   270 BROOKSIDE AVE                    TRENTON (EWING TWP)              NJ   08638  1         43,801.00     9.400         
 4800002   128 WHITTIER AVE                     NORTH BABYLON                    NY   11703  1        124,300.00     8.990         
 4800014   81 VERMONT AVENUE                    NO. BABYLON                      NY   11704  1         59,967.00     9.490         
11001330   801 SAN TIMOTEO CANYON               REDLANDS                         CA   92373  1        147,133.60     8.990         
15000631   8100 HAGUE WAY                       ELVERTA                          CA   95626  1         63,781.61     8.950         
 8300104   7926 CYD DRIVE                       DENVER                           CO   80221  1         77,120.41     9.950         
 8300192   524 DATE STREET                      DRAIN                            OR   97435  1         44,248.99     9.250         
 8300795   6917 VANSCOY AVENUE                  NORTH HOLLYWOOD (AREA)           CA   91605  1         95,016.33     9.400         
 8301335   4173 W. 217TH STREET                 FAIRVIEW PARK                    OH   44126  1         72,825.14     9.490         
 8301567   5514 18TH AVENUE SOUTH               SEATTLE                          WA   98108  1         65,067.33    10.250         
 8301779   1283 EAST  HIDDEN VALLEY DRIVE       SANDY                            UT   84094  1        103,862.56     8.990         
 8302350   35874 BURNING TREE DRIVE             NEWARK                           CA   94560  1        174,314.42     9.000         
 8302435   2262 W. 111TH UNIT B                 CHICAGO                          IL   60642  1         61,379.24     9.500         
 8303246   2989 S E WILLOW DRIVE                HILLSBORO                        OR   97123  1         83,080.00     9.500         
 8303296   525 20TH AVENUE EAST                 SEATTLE                          WA   98112  1        145,500.00     8.750         
 8410239   2931 WEST 55TH AVENUE                DENVER                           CO   80221  1         58,141.13     9.625         
 8410246   6185 S. CLARA DRIVE                  TAYLORSVILLE                     UT   84118  1         98,830.11     9.750         
 8900405   18 EUCLID AVENUE                     DIX HILLS                        NY   11746  1         79,598.17     9.500         
 8900561   1631 23RD AVENUE                     MELROSE PARK                     IL   60160  1         58,756.47     9.500         
 8901283   101 GARDEN STREET                    GARDEN CITY                      NY   11530  2         60,000.00     8.750         
 8901284   12 UTICA STREET                      LEXINGTON                        MA   02173  1         90,905.24     9.250         
 8901285   86 ABERDEEN ST.                      BROOKLYN                         NY   11207  1         85,284.07     9.500         
 8901286   15 HIGHVIEW LANE                     RIDGE                            NY   11961  2         29,927.55     9.990         
 8901287   37 WALTER STREET                     HOLBROOK                         NY   11741  1         59,830.42     8.250         
 8901288   2 HARBOR VIEW DRIVE                  HUNTINGTON BAY                   NY   11743  1         24,936.86     9.500         
 8901289   76 ELM STREET                        FRAMINGHAM                       MA   01701  1         82,000.00     9.990         




   Loan              Current    Mat        Pmt     Prop    Occup    Appraised   Orig 
  Number             Pmt        Date       Type    Type    Type       Value     Type 
- - ------------------------------------------------------------------------------------- 
                                                          
 3100899              689.36   8/1/28       A       S       P        129,000    F 
 3100900              217.28   8/1/28       A       F       P        136,000    F 
 3100908              244.34   8/1/13       A       S       P        137,500    F 
 3100909              919.70   8/1/28       A       S       P        151,000    F 
 3200055              444.13   12/1/26      A       S       P        141,000    F 
 3200151              537.45   2/1/27       A       S       P        161,000    F 
 3200280              657.31   4/1/27       A       S       P        140,000    F 
 3200376              905.53   5/1/27       A       S       P        210,000    F 
 3200567              651.10   9/1/27       A       S       P        107,000    F 
 3200706              811.72   11/1/27      A       S       P        131,000    F 
 3200708              970.57   11/1/27      A       S       P        262,000    F 
 3201065              699.28   7/1/28       A       S       P        142,000    F 
 3201079            1,143.01   7/1/28       A       S       P        168,000    F 
 3201094              536.83   7/1/28       A       S       P        137,000    F 
 3201106              557.64   8/1/28       A       S       P         97,000    F 
 3201113              354.62   8/1/28       A       S       P        177,000    F 
 3201117              663.88   8/1/28       A       S       P        163,000    F 
 3201124            1,034.44   8/1/28       A       S       P        184,000    F 
 3300053              344.52   4/1/07       A       F       P        234,000    F 
 3300102              512.98   4/1/27       A       S       P        149,000    F 
 3300471              346.26   3/1/13       A       S       P        145,000    F 
 3300695              776.87   8/1/28       A       S       P        230,000    F 
 3300699              748.55   8/1/13       A       S       P        180,000    F 
 3300701              788.98   8/1/28       A       S       P        170,000    F 
 3300706              217.19   8/1/28       A       S       P        155,000    F 
 3300707            1,386.95   8/1/28       A       F       P        270,000    F 
 3400329              276.09   2/1/28       A       S       P         83,000    F 
 3400577              287.53   7/1/28       A       F       P         82,000    F 
 3400582              585.80   8/1/28       A       F       P        120,000    F 
 3400584              799.64   8/1/28       A       S       P        229,000    F 
 3400595              899.59   8/1/28       A       S       P        170,000    F 
 3400597              489.11   8/1/13       A       F       P        138,000    F 
 3400599              466.28   8/1/13       A       S       P        114,000    F 
 3400600              888.62   8/1/28       A       S       P        150,000    F 
 3400602            1,136.30   8/1/28       A       S       P        200,000    F 
 3500042              570.16   8/1/27       A       S       P        132,000    F 
 3500052              592.77   8/1/27       A       F       P        138,000    F 
 3500211              332.63   12/1/27      A       S       P        145,000    F 
 3500363              598.10   7/1/28       A       F       P        165,000    F 
 3500370            1,653.64   7/1/28       A       S       P        310,000    F 
 3500399              848.91   8/1/28       A       S       P        150,000    F 
 3500404              876.75   7/1/28       A       F       P        125,000    F 
 3500406            1,691.90   8/1/28       A       S       P        280,000    F 
 3500407              704.89   8/1/13       A       S       P        185,000    F 
 3500412            1,597.26   8/1/28       A       S       P        330,000    F 
 3600285              551.87   8/1/28       A       S       P        120,000    F 
 3700075              256.46   7/1/28       A       C       I         67,000    F 
 3700093              375.02   8/1/28       A       S       P         75,000    F 
 3800130              831.25   12/1/27      A       S       P        182,000    F 
 3800277              589.35   8/1/28       A       S       P        120,000    F 
 3800279              299.85   8/1/28       A       S       P         78,000    F 
 3800280              213.70   8/1/13       A       S       P        166,000    F 
 3900263              598.04   8/1/28       A       S       P        127,000    F 
 3900266              410.04   8/1/28       A       S       P        136,000    F 
 4600028              240.49   7/1/13       A       S       I        260,000    F 
 4600042              365.11   8/1/28       A       S       P         81,000    F 
 4800002              999.25   8/1/28       A       S       P        168,000    F 
 4800014              503.80   8/1/28       A       S       P        129,000    F 
11001330            1,224.25   3/1/24       A       S       P        304,000    F 
15000631              528.51   4/1/24       A       S       P        102,000    F 
 8300104              684.31   12/1/25      A       S       P        120,000    C 
 8300192              370.24   1/1/26       A       S       P         83,000    C 
 8300795              800.23   11/1/26      A       S       P        155,000    C 
 8301335              616.64   3/1/27       A       S       P        105,000    C 
 8301567              586.44   5/1/27       A       S       P        109,000    C 
 8301779              848.62   6/1/27       A       S       P        163,000    C 
 8302350            1,408.08   11/1/27      A       S       P        250,000    C 
 8302435              517.67   12/1/27      A       C       P         88,000    C 
 8303246              698.58   6/1/28       A       S       P        134,000    C 
 8303296            1,144.65   6/1/28       A       S       P        210,000    C 
 8410239              497.44   5/1/27       A       S       P         92,000    C 
 8410246              854.55   5/1/27       A       S       P        133,000    C 
 8900405              672.38   9/1/27       A       S       P        222,500    C 
 8900561              496.59   8/1/27       A       S       P        115,000    C 
 8901283              472.02   5/8/13       A       S       P        400,000    C 
 8901284              748.63   4/17/28      A       F       P        345,000    C 
 8901285              892.81   5/6/13       A       F       I        160,000    C 
 8901286              322.20   5/8/13       A       S       P        120,000    C 
 8901287              582.08   5/7/13       A       S       P        132,000    C 
 8901288              261.06   5/1/13       A       S       P        460,000    C 
 8901289              719.00   5/4/28       A       S       P        225,000    C 


                                     Page 2                                98-2F


                                   Exhibit B
                         Loan Schedule - 1998-2F (FIXED)


                                                                                                                        
   Loan                                                                                   Lien      Cut-Off        Current       
  Number            Property Address                        City               ST   Zip   Pos       Balance        Rate          
- - -------------------------------------------------------------------------------------------------------------------------------- 
                                                                                             
 8901290   1 PRIMROSE LANE                      NORTH BABYLON                  NY   11703  1         35,000.00    10.500        
 8901291   93-29 HOLLIS BOULEVARD               QUEENS VILLAGE                 NY   11428  1        109,840.21     9.250        
 8901292   465 ELTON STREET                     BROOKLYN                       NY   11208  1         79,966.81    10.300        
 8901293   9211 212TH STREET                    QUEENS VILLAGE                 NY   11428  2         60,000.00    10.250        
 8901294   44 OLIVER ST                         BROOKLYN                       NY   11209  1         29,939.89    11.990        
 8901295   229 HAMPTON GREEN                    STATEN ISLAND                  NY   10312  1         49,969.71     8.500        
 8901296   10 S. 141 WILEDEN LANE               NAPERVILLE                     IL   60564  2         35,425.43    11.490        
 8901297   167 CENTRAL AVENUE                   BROOKLYN                       NY   11221  1         98,984.99    14.790        
 8901298   81 HORTON ROAD                       VALLEY STREAM                  NY   11581  1         75,000.00     9.990        
 8901299   967 HYLAN BOULEVARD                  STATEN ISLAND                  NY   10305  1         44,949.04    11.150        
 8901300   84 JOHN STREET                       INWOOD                         NY   11096  1         50,000.00     8.250        
 8901301   126-34 148TH STREET                  JAMAICA                        NY   11436  1         59,688.19     8.900        
 8901302   539 KENT PLACE                       WEST HEMPSTEAD                 NY   11552  1         75,808.06     9.500        
 8901303   3500 NW 1ST COURT                    FT. LAUDERDALE                 FL   33311  1         12,967.17     9.500        
 8901304   960 NW 34TH WAY                      FT. LAUDERDALE                 FL   33311  1         37,882.27     9.750        
92001243   823 VIA FELIPE                       CORONA                         CA   91720  1         71,574.43     9.000        
92001539   19125 SYLVAN STREET                  RESEDA AREA                    CA   91335  1         56,850.19     9.625        
92002556   1212 NUUANU AVENUE #2207             HONOLULU                       HI   96817  1        235,229.02     9.600        
92002941   441 EAST 169TH STREET                CARSON                         CA   90746  1        105,281.41     9.750        
92002946   770 SUNSET AVENUE                    VENICE                         CA   90291  1        213,365.69     9.625        
92003001   9107, 9107 1/2 & 9109 CATTARAUGUS AV LOSUANGELES                    CA   90034  1        142,228.61     9.625        
- - --------------------------------------------------------------------------------------------------------------------------------
TOTAL FIXED RATE LOANS:                         183                                              13,961,922.61


   Loan              Current    Mat        Pmt     Prop    Occup    Appraised  Orig  
  Number               Pmt      Date       Type    Type    Type       Value    Type  
- - --------------------------------------------------------------------------------------
                                                          
 8901290              320.16   5/8/28       A       S       P        140,000    C     
 8901291            1,007.45   5/6/18       A       S       P        220,000    C     
 8901292              719.86   5/4/28       A       F       P        155,000    C     
 8901293              588.99   5/12/18      A       S       P        155,000    C     
 8901294              359.86   5/1/13       A       S       P        330,000    C     
 8901295              384.46   5/1/28       A       S       P        146,000    C     
 8901296              414.48   5/5/13       A       S       P        162,500    C     
 8901297            1,235.19   5/20/28      A       F       P        136,000    C     
 8901298              805.50   5/7/13       A       S       P        165,000    C     
 8901299              469.09   5/12/18      A       S       P        200,000    C     
 8901300              375.63   5/12/28      A       S       P        150,000    C     
 8901301              756.81   5/15/08      A       F       P        168,000    C     
 8901302              793.61   5/11/13      A       S       P        205,000    C     
 8901303              135.75   4/13/13      A       S       P         63,000    C     
 8901304              326.48   4/20/28      A       S       P         80,000    C     
92001243              598.04   11/1/23      A       S       P        115,000    C     
92001539              498.56   2/1/24       A       S       P        130,000    C     
92002556            2,054.18   5/1/24       A       C       P        375,000    C     
92002941              929.87   6/1/24       A       S       P        150,000    C     
92002946            1,865.25   6/1/24       A       F       P        313,000    C     
92003001            1,243.64   6/1/24       A       F       I        275,000    C     
- - --------------------------------------------------------------------------------------


                                     Page 3                                98-2F