EXHIBIT 23.1



                       CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the Prospectus Supplement of
First Alliance Mortgage Company relating to First Alliance Mortgage Loan Trust
1999-2, of our report dated February 2, 1999, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and Subsidiaries as of
December 31, 1998 and 1997 and for each of the three years in the period ended
December 31, 1998. We also consent to the reference to our Firm under the
caption "Experts".



                                                /s/ PricewaterhouseCoopers LLP
                                                    --------------------------
                                                    PricewaterhouseCoopers LLP



June 8, 1999