================================================================================
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 29, 1998
First Alliance Mortgage Loan Trust 1998-4
------------------------------------------------------
(Exact name of registrant as specified in its charter)
New York 333-44585-05 APPLICATION PENDING
- ------------------------------- ------------------- ---------------------
(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
c/o Norwest Bank Minnesota, National Association,
as Trustee
Sixth Street and Marquette Avenue
Minneapolis, Minnesota 55479
- -------------------------------------------------- ---------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (612) 667-1234
--------------
N/A
------------------------------------------------------------
(Former name or former address, if changed since last report)
================================================================================
Item 2. Acquisition or Disposition of Assets
Description of the Conveyance of Subsequent Mortgage Loans
On December 29, 1998, First Alliance Mortgage Loan Trust 1998-4 (the
"Trust") acquired $24,857,538.67 of Subsequent Mortgage Loans pursuant to the
terms of the Pooling and Servicing Agreement dated as of December 1, 1998, among
First Alliance Mortgage Company, in its capacities as the Seller and the
Servicer (respectively, the "Seller" and the "Servicer") and Norwest Bank
Minnesota, National Association, in its capacities as the Trustee and the Master
Servicer (respectively, the "Trustee" and the "Master Servicer"), and the
Subsequent Transfer Agreement dated December 29, 1998 among the Seller, the
Servicer, the Trust, as purchaser, the Master Servicer and the Trustee. The
Subsequent Mortgage Loans possess the characteristics required by the Prospectus
dated March 10, 1998 and the Prospectus Supplement dated December 7, 1998, filed
pursuant to Rule 424(b)(5) of the Act on December 15, 1998. The Schedule of
Subsequent Mortgage Loans is attached to the Subsequent Transfer Agreement.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
10.1 Subsequent Transfer Agreement, dated December 29, 1998,
among First Alliance Mortgage Company, as the Seller and the
Servicer, First Alliance Mortgage Loan Trust 1998-4, as the
purchaser, and Norwest Bank Minnesota, National Association,
as the Trustee and the Master Servicer.
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
By: /s/ Francisco Nebot
Name: Francisco Nebot
Title: Executive Vice President and
Chief Financial Officer
Dated: January 6, 1999
EXHIBIT INDEX
Exhibit No. Description Page No.
- --------------- ------------------------------------------------- --------
10.1 Subsequent Transfer Agreement, dated December 29,
1998, among First Alliance Mortgage Company, as
the Seller and the Servicer, First Alliance
Mortgage Loan Trust 1998-4, as the purchaser, and
Norwest Bank Minnesota, National Association, as
the Trustee and the Master Servicer.