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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported)
                                December 4, 1998



                         First Alliance Mortgage Company
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             (Exact name of registrant as specified in its charter)



           California                333-44585-04             95-2944875
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(State or Other Jurisdiction       (Commission File        (I.R.S. Employer 
       of Incorporation)               Number)             Identification No.)


           17305 Von Karman Avenue
             Irvine, California                               92614-6203
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   (Address of Principal Executive Offices)                   (Zip Code)



        Registrant's telephone number, including area code (949) 224-8500

                                    No Change
           ------------------------------------------------------------
          (Former name or former address, if changed since last report)


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Item 5.  Other Events.

         In connection with the offering of First Alliance Mortgage Company
Mortgage Loan Asset Backed Certificates, Series 1998-4, described in a
Prospectus Supplement to be dated as of December 7, 1998, certain "Computational
Materials" within the meaning of the May 20, 1994 Kidder, Peabody No-Action
Letter and the February 17, 1995 Public Securities Association No-Action Letter
were furnished to certain prospective investors (the "Related Computational
Materials").

         The Related Computational Materials furnished to certain prospective
investors by the Underwriter, Prudential Securities Incorporated, are filed
herewith as Exhibit 99.1.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

                  (a)      Not applicable

                  (b)      Not applicable

                  (c)      Exhibits:


                  99.1     Computational Materials provided by Prudential 
                           Securities Incorporated in connection with sales 
                           efforts related to the Registrant's securities.








                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         By:    FIRST ALLIANCE MORTGAGE COMPANY,
                                                as Company


                                         By:    /s/ Francisco Nebot
                                                -------------------------------
                                         Name:  Francisco Nebot
                                         Title: Executive Vice President and 
                                                Chief Financial Officer
                                                

Dated:   December 7, 1998