Exhibit 10.1

                          SUBSEQUENT TRANSFER AGREEMET

         First Alliance Mortgage Company in its capacities as seller (in such
capacity, the "Seller") and as servicer (in such capacity, the "Servicer") and
First Alliance Mortgage Loan Trust 1999-2, as the "Purchaser", pursuant to the
Pooling and Servicing Agreement dated as of June 1, 1999, (the "Pooling and
Servicing Agreement") among the Seller, the Servicer and Norwest Bank Minnesota,
National Association, a national banking association, in its capacities as
Trustee (in such capacity, the "Trustee") and as oversight agent (in such
capacity, the "Oversight Agent"), 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 28, 1999 (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 Trustee herewith (and all substitutions
therefor as provided by Sections 3.3, 3.4 and 3.6 of the Pooling 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 Pooling and Servicing Agreement)
and other required documentation in accordance with the terms set forth in
Sections 3.5 and 3.8 of the Pooling and Servicing Agreement.

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

         The Seller hereby affirms the representations and warranties set forth
in the Pooling 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 3.8(b),
3.8(c) and 3.8(d) to the Pooling and Servicing Agreement are satisfied as of the
date hereof.

         Pursuant to Section 3.8(a) of the Pooling and Servicing Agreement, the
Seller instructs the Trustee to release one-hundred percent of the aggregate
principal balances of the Subsequent Mortgage Loans so transferred from the
Pre-Funding Account, $20,236,270.79 pursuant to this Subsequent Transfer
Agreement and to include $12,529,888.65 of the Subsequent Mortgage Loans
listed in Exhibit A hereto in Group I and $7,706,382.14 of the Subsequent
Mortgage Loans listed in Exhibit B hereto in Group II.


         All terms and conditions of the Pooling 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 Pooling and Servicing Agreement.

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





         IN WITNESS WHEREOF, the undersigned have duly executed this Agreement
this 28th day of June, 1999.



                                   FIRST ALLIANCE MORTGAGE
                                   COMPANY, as Seller and Servicer


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


                                   FIRST ALLIANCE MORTGAGE LOAN
                                   TRUST 1999-2, by Norwest Bank Minnesota,
                                   National Association, as Trustee

                                   By: /s/ Peter A. Gobell
                                       ------------------------------------
                                       Name:    Peter A. Gobell
                                       Title:   Trust Officer


                                   NORWEST BANK MINNESOTA,
                                   NATIONAL ASSOCIATION,
                                   as Trustee and Oversight Agent


                                   By: /s/ Peter A. Gobell
                                       ------------------------------------
                                       Name:    Peter A. Gobell
                                       Title:   Trust Officer


Dated:  June 28, 1999


                                                                       206070.2D

                                    EXHIBIT A
                        LOAN SCHEDULE -- 1999-2 (FIXED)





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

                                                                                          
 106403 426 FRASER AVENUE                  LOS ANGELES              CA    90022      1      82,424.00      9.390    686.46
 106407 1411 N. TOWNER STREET              SANTA ANA                CA    92706      1     141,151.37      9.490  1,492.87
 205196 649  "A"  STREET                   RAMONA AREA              CA    92065      1      73,490.00      9.390    612.05
 304925 2776 WEST 225TH STREET             TORRANCE                 CA    90505      1     120,101.84      9.750  1,034.17
 304935 557 W. 2nd St.                     SAN PEDRO                CA    90731      1     126,390.00      9.350  1,048.95
 304938 704 E. 136th St                    LOS ANGELES              CA    90059      1      56,968.00      8.990    457.97
 304941 9225 HICKORY STREET                LOS ANGELES              CA    90002      2      41,621.00      8.590    322.69
 304950 1207  WEST 58TH PLACE              LOS ANGELES              CA    90044      1      89,990.00      8.990    723.43
 406081 4519 CAROL AVENUE                  FREMONT                  CA    94538      1     169,601.00      8.590  1,679.09
 406084 18381 HAVEN STREET                 HAYWARD                  CA    94541      1     116,979.00     10.150  1,039.56
 406086 2326 ACTON STREET                  BERKELEY                 CA    94702      1     149,547.00     11.550  1,486.66
 406087 481 CLARA STREET                   OAKLAND                  CA    94603      1      77,340.00      8.090    572.35
 406089 38016 VALLEJO  STREET              FREMONT                  CA    94536      2      33,702.00     12.590    417.36
 505908 2809 VIRGINIA AVE.                 SANTA MONICA             CA    90404      1      60,350.00      9.390    502.62
 505911 900 NORTH KENMORE AVENUE           LOS ANGELES              CA    90029      1     146,305.00     10.250  1,311.04
 505912 4717 ADAM ROAD                     SIMI VALLEY              CA    93063      1      82,405.00      8.590    638.89
 505916 2437 PROSPECT  AVE                 Montrose Area            CA    91020      1     205,102.00      9.990  1,798.40
 605154 126 LINDA VISTA AV.                PITTSBURG                CA    94565      1      51,690.00      9.390    430.50
 605163 23 SEENO ST.                       PITTSBURG                CA    94565      1      62,252.00      8.990    500.45
 605167 707 LAMONT AVE.                    NOVATO                   CA    94945      1      54,882.00      8.990    441.20
 605168 3804 ARAGON LN.                    SAN RAMON                CA    94583      1     205,071.00      8.490  1,575.37
 705133 736 WEST ALTADENA DRIVE            ALTADENA                 CA    91001      2      10,505.92     14.550    184.03
 707518 2833-2835  E 4TH  ST,              LOS  ANGELES             CA    90033      1     134,741.37      9.500  1,135.07
 707656 1756 PUENTE  AVE,                  BALDWIN  PARK            CA    91706      1      55,224.00      8.590    428.15
 707659 3877 LOLITA  CT                    CHINO                    CA    91710      1      99,990.00     10.350    903.45
 707662 1701 BELMONT  AVE                  PASADENA                 CA    91103      1      86,990.00     12.750    945.31
 707678 8970 INDIANA AVE                   RIVERSIDE                CA    92503      1      53,772.00      8.590    416.89
 707679 6310 PASSONS BLVD                  PICO RIVERA              CA    90660      1     116,240.00      9.350    964.71
 707681 3489 PACIFIC AVE                   RIVERSIDE                CA    92509      1      28,653.00      9.090    232.41
 806990 2944 REMINGTON WAY                 SAN JOSE                 CA    95148      1      93,653.00      8.990    752.88
 807005 1250 LORYN LANE                    HALF MOON BAY            CA    94019      1     217,161.24      9.800  1,875.30
 807009 419 EL CAJON DR                    SAN JOSE                 CA    95111      1     110,896.00      9.390    923.59
 807010 241 EVERGREEN WAY                  MILPITAS                 CA    95035      1      29,294.00      8.090    216.79
 807014 1057 SOUTH 10TH STREET             SAN JOSE                 CA    95112      1     170,778.00      8.850  1,355.73
 807015 1374  OLYMPUS DR                   SAN JOSE                 CA    95129      1     290,540.00      8.990  2,335.66
 807017 1115 JOHN AVENUE                   SAN  PABLO               CA    94806      1      68,099.00      8.990    547.45
 807022 520 HEMLOCK AVENUE                 S. SAN FRANCISCO         CA    94080      1      77,664.00      8.090    574.75
1603177 513 17TH ST SE                     PUYALLUP                 WA    98372      1      83,240.00      9.350    690.84
1603181 18926 EDGECLIFF DR SW              SEATTLE                  WA    98166      1     218,738.78      8.550  1,697.74
1603193 12843 NORTHEAST 108TH PL           KIRKLAND                 WA    98033      1     136,058.00      8.590  1,054.86
1603195 16525 92ND AVE E                   PUYALLUP                 WA    98375      1     104,772.00      9.350    869.54
1603199 2730 STAFFORD WAY                  BOTHELL                  WA    98012      1     122,712.00      9.850  1,063.31
1603202 16922 157TH PL SE                  RENTON                   WA    98058      1     176,240.00      9.350  1,824.42
1603206 9042 37TH AVE S                    SEATTLE                  WA    98118      1      76,250.00      9.790    657.35
1603214 914 W HALLADAY STREET              SEATTLE                  WA    98119      1     159,235.00      8.990  1,280.10





   Loan       Mat       Pmt   Prop  Occup   Appraised   Orig
  Number     Date      Type   Type   Type     Value     Type
- - ------------------------------------------------------------
                                       
 106403      6/1/29      A      S    P       141,000     F
 106407      7/1/14      A      S    P       205,000     F
 205196      8/1/29      A      S    P       105,000     F
 304925      7/1/29      A      S    P       350,000     F
 304935      8/1/29      A      S    P       158,000     F
 304938      8/1/29      A      S    P       120,000     F
 304941      8/1/29      A      S    P       107,000     F
 304950      8/1/29      A      S    P       120,000     F
 406081      8/1/14      A      S    P       272,000     F
 406084      7/1/29      A      S    I       156,000     F
 406086      8/1/29      A      S    P       255,000     F
 406087      8/1/29      A      S    P       119,000     F
 406089      8/1/14      A      F    P       253,000     F
 505908      8/1/29      A      S    P       288,000     F
 505911      8/1/29      A      F    P       183,000     F
 505912      8/1/29      A      S    P       175,000     F
 505916      8/1/29      A      S    P       274,000     F
 605154      8/1/29      A      S    P        88,000     F
 605163      8/1/29      A      S    P       105,000     F
 605167      8/1/29      A      S    P       245,000     F
 605168      7/1/29      A      P    P       350,000     F
 705133      9/1/07      A      S    P       126,000     F
 707518      4/1/29      A      F    P       180,000     F
 707656      8/1/29      A      C    P        85,000     F
 707659      7/1/29      A      S    P       125,000     F
 707662      8/1/29      A      S    P       135,000     F
 707678      8/1/29      A      S    P        90,000     F
 707679      7/1/29      A      S    P       155,000     F
 707681      8/1/29      A      S    P        85,000     F
 806990      6/1/29      A      S    P       263,000     F
 807005      6/1/29      A      S    P       300,000     F
 807009      8/1/29      A      S    P       246,000     F
 807010      7/1/29      A      S    P       265,000     F
 807014      7/1/29      A      S    P       244,000     F
 807015      8/1/29      A      S    P       447,000     F
 807017      7/1/29      A      S    P       127,000     F
 807022      8/1/29      A      S    P       265,000     F
1603177      8/1/29      A      S    P       111,000     F
1603181      7/1/29      A      S    P       263,000     F
1603193      6/1/29      A      S    P       250,000     F
1603195      7/1/29      A      S    P       133,000     F
1603199      8/1/29      A      S    P       155,000     F
1603202      8/1/14      A      S    P       228,000     F
1603206      7/1/29      A      S    P       178,000     F
1603214      8/1/29      A      S    P       325,000     F


Page 1                                                                     99-2



                                    EXHIBIT A
                        LOAN SCHEDULE -- 1999-2 (FIXED)




   Loan                                                                            Lien     Cut-Off      Current   Current
  Number     Property Address               City                    ST    Zip       Pos     Balance        Rate      Pmt
- - -----------------------------------------------------------------------------------------------------------------------------
                                                                                          
1603216 19719 16TH PL NE                   SHORELINE                WA    98155      1     157,240.00     10.350  1,420.73
1603217 17605 NE 195TH ST                  WOODINVILLE              WA    98072      1     191,379.47      8.990  1,549.11
1603219 525 27TH AVE                       SEATTLE                  WA    98122      1     158,987.00      8.850  1,262.12
1703378 3500 IVY ST                        DENVER                   CO    80207      1      53,374.00     12.250    559.30
1703386 13531 VIRGO DR                     LITTLETON                CO    80124      1     102,941.00      8.590    798.10
1703387 2191 S GRAY ST                     DENVER                   CO    80227      1      68,017.00      8.590    527.34
1703394 3145 W 19TH AVE                    DENVER                   CO    80204      1      59,736.00      9.390    497.51
1703401 195 HOYT ST                        LAKEWOOD                 CO    80226      1      69,238.00      8.090    512.39
1803982 4342 W. ADAMS ST.                  CHICAGO                  IL    60624      1      67,399.27     11.350    660.63
1804165 712 N. LECLAIRE AVE.               CHICAGO                  IL    60644      1      44,122.00      8.990    354.70
1804172 8823 S. MOZART                     EVERGREEN PARK           IL    60805      1      51,698.00      9.490    434.33
1804174 8529 S. CARPENTER STREET           CHICAGO                  IL    60620      1      52,223.00      9.390    434.93
2102282 4521 SW FAIRVIEW BLVD              PORTLAND                 OR    97221      1     388,156.00      9.750  3,334.86
2102284 15748 WINRIVER RD                  BROOKINGS                OR    97415      1      61,456.00      8.990    622.96
2102299 6505 NE 66TH AVE                   PORTLAND                 OR    97218      1      61,523.00      9.790    653.25
2102304 923 NE 172ND AVE                   PORTLAND                 OR    97230      1      85,547.00      8.590    663.25
2202150 58 E. FARMGATE LANE                PALATINE                 IL    60067      1     104,727.00      8.990  1,061.59
2202167 1408 RAYMOND STREET                SOUTH ELGIN              IL    60177      1      70,941.86      8.590    554.06
2202175 9606 KEYSTONE AVE.                 SKOKIE                   IL    60076      1      55,490.00      9.340    574.09
2401859 11370 NW 37TH STREET               SUNRISE                  FL    33323      1      72,790.00      8.590    564.34
2401868 3607 NW 84TH TERRACE               CORAL SPRINGS            FL    33065      1     103,490.00      9.350    858.90
2401874 1004 CITRUS ISLE                   FORT LAUDERDALE          FL    33315      1     152,524.00      8.590  1,182.52
2500578 17624 CHAGRIN BLVD                 SHAKER HTS               OH    44120      1      84,461.00      8.990    678.98
2600748 2919 EAST DAHLIA DRIVE             PHOENIX                  AZ    85032      1      87,694.70     10.490    807.02
2600749 6753 E TASMAN CIRCLE               MESA                     AZ    85213      1     194,118.00      9.350  1,611.05
2600755 6838 EAST EDGEMONT AVENUE          SCOTTSDALE               AZ    85257      1      54,361.00      8.590    538.19
2600759 1441 WEST 5TH STREET               MESA                     AZ    85201      1      78,113.00     10.250    699.97
2700807 1226 W.400 NORTH                   WEST BOUNTIFUL           UT    84087      1     101,409.98      9.990    893.47
2700813 5967 SOUTH PARK WOOD DR            SALT LAKE CITY           UT    84118      1      95,628.86      9.350    797.40
2700821 2972 SOUTH 8850 WEST               MAGNA                    UT    84044      1      43,491.00      9.250    398.32
2901100 441 CHERRY ST                      POTTSTOWN                PA    19464      1      45,217.00      8.490    347.36
3101323 116 RIDGE ROAD                     RUTHERFORD               NJ    07070      1     148,381.00      8.890  1,182.18
3101345 26-28 FULTON STREET                WEEHAWKEN                NJ    07087      1     144,681.00      8.990  1,163.10
3101349 829 WESTWOOD AVE                   RIVER VALE               NJ    07675      1      74,416.00      8.990    598.23
3101355 426 CORTLANDT STREET               BELLEVILLE               NJ    07109      1      78,716.62      9.490    662.10
3101358 53 SELVAGE AVENUE                  TEANECK                  NJ    07666      1      88,699.00      8.990    713.05
3101362 176-178 HOBSON STREET              NEWARK                   NJ    07112      1      58,023.99      9.390    483.25
3101366 62 DEWEY STREET                    BLOOMFIELD               NJ    07003      1      22,285.00      9.990    195.40
3101369 36 WESTOVER ROAD                   VERONA                   NJ    07044      1      96,681.00      9.390    805.20
3201368 911 STERLING PLACE                 NO. BABYLON              NY    11704      1      79,417.33     10.990    758.98
3201387 43 CLIFFORD PLACE                  EAST NORWICH             NY    11732      1      70,824.14     10.990    678.35
3201391 170 E ROOSEVELT AVE                ROOSEVELT                NY    11575      1      63,436.00      8.590    491.82
3201401 78 HONEYSUCKLE RD                  LEVITTOWN                NY    11756      1     131,990.00      9.350  1,095.43
3301004 1461 PACIFIC STREET                BROOKLYN                 NY    11216      1     138,549.00     11.250  1,345.67
3301036 595 HANCOCK STREET                 BROOKLYN                 NY    11233      1     104,360.00      8.990    838.95
3301040 371 McDONOUGH STREET               BROOKLYN                 NY    11233      1     158,138.00     10.790  1,480.95




   Loan       Mat       Pmt   Prop  Occup   Appraised   Orig
  Number     Date      Type   Type   Type     Value     Type
- - ------------------------------------------------------------
                                       
1603216      8/1/29      A      S     P       185,000     F
1603217      7/1/29      A      S     P       234,000     F
1603219      8/1/29      A      S     P       220,000     F
1703378      8/1/29      A      S     P       123,000     F
1703386      8/1/29      A      S     P       161,000     F
1703387      8/1/29      A      S     P       147,000     F
1703394      8/1/29      A      S     P       101,000     F
1703401      8/1/29      A      S     P       150,000     F
1803982      2/1/29      A      F     P        90,000     F
1804165      7/1/29      A      F     P        90,000     F
1804172      7/1/29      A      S     P        87,000     F
1804174      8/1/29      A      S     P        82,500     F
2102282      7/1/29      A      S     P       491,000     F
2102284      6/1/14      A      S     P       115,000     F
2102299      8/1/14      A      S     P       130,000     F
2102304      8/1/29      A      S     P       147,000     F
2202150      7/1/14      A      S     P       165,000     F
2202167      7/1/29      A      S     P       102,000     F
2202175      8/1/14      A      S     P       211,000     F
2401859      7/1/29      A      S     P       112,000     F
2401868      8/1/29      A      S     P       133,000     F
2401874      8/1/29      A      S     P       240,000     F
2500578      7/1/29      A      F     P       122,000     F
2600748      7/1/29      A      S     P       105,000     F
2600749      8/1/29      A      S     P       261,000     F
2600755      8/1/14      A      S     P       115,000     F
2600759      8/1/29      A      S     P        99,000     F
2700807      6/1/29      A      S     P       240,000     F
2700813      7/1/29      A      S     P       120,000     F
2700821      7/1/19      A      S     P        68,000     F
2901100      8/1/29      A      S     P        71,000     F
3101323      7/1/29      A      S     I       250,000     F
3101345      8/1/29      A      F     P       350,000     F
3101349      8/1/29      A      S     P       200,000     F
3101355      7/1/29      A      S     P       100,000     F
3101358      8/1/29      A      S     P       157,000     F
3101362      8/1/29      A      S     P        99,000     F
3101366      8/1/29      A      S     P       133,000     F
3101369      8/1/29      A      S     P       222,000     F
3201368      6/1/29      A      S     P       125,000     F
3201387      6/1/29      A      S     P       218,000     F
3201391      8/1/29      A      S     P       135,000     F
3201401      8/1/29      A      S     P       176,000     F
3301004      7/1/29      A      F     P       185,000     F
3301036      7/1/29      A      F     P       185,000     F
3301040      7/1/29      A      F     I       250,000     F


Page 2                                                                     99-2

                                    EXHIBIT A
                        LOAN SCHEDULE -- 1999-2 (FIXED)




   Loan                                                                            Lien     Cut-Off      Current   Current
  Number     Property Address               City                    ST    Zip       Pos     Balance        Rate      Pmt
- - -----------------------------------------------------------------------------------------------------------------------------
                                                                                         
3301050 87-86 139Th St.                    Jamaica                  NY    11435     1     110,474.00      8.990    888.10
3301055 111-27 168TH STREET                JAMAICA                  NY    11433     1      87,740.00      8.890    699.04
3301057 155 49 116TH DRIVE                 JAMAICA                  NY    11434     1      44,518.00      8.590    440.74
3301072 200-51 39TH AVE                    BAYSIDE                  NY    11361     1      59,254.00      8.090    569.35
3400968 949-51 MELROSE PLACE               PLAINFIELD               NJ    07063     1      87,540.00     10.750    981.28
3400971 105 SWAN STREET                    LAMBERTVILLE             NJ    08530     1      36,615.00      9.790    388.78
3400983 5 GLEN GARY ROAD                   MIDDLESEX                NJ    08846     1      53,565.00      9.390    446.11
3400985 10 FIRST ST                        KENVIL                   NJ    07847     1     130,667.00      9.250  1,074.97
3400986 109 LINCOLN AVE                    CARTERET                 NJ    07008     1      57,850.00      9.890    502.98
3400988 657 STATE ST.                      PERTH AMBOY              NJ    08861     1      81,740.00      9.750    702.27
3400990 379 EAST 9TH AVE                   ROSELLE                  NJ    07203     1      52,744.00      9.790    454.70
3400993 59 CATHEDRAL AVENUE                FLORHAM PARK             NJ    07932     1      23,161.99      8.490    177.93
3600465 11510 MOLLY BERRY RD               UPPER MARLBORO           MD    20772     1     152,357.00      9.650  1,297.81
3600467 19501 OLNEY MILL RD                OLNEY                    MD    20832     1     104,671.00      8.990    841.45
3600470 5111 WEHAWKEN RD                   BETHESDA                 MD    20816     1     111,544.00      8.490  1,097.76
3700289 801 HARGROVE WAY                   CINCINNATI               OH    45240     1      63,556.00      8.850    504.54
3800426 4820 S DAKOTA AVE NE               WASHINGTON               DC    20017     1      61,163.00      9.090    496.10
3800428 1030 EVARTS ST NE                  WASHINGTON               DC    20018     1      25,314.00      8.090    187.34
3900466 1816 CREMEN RD                     PASADENA                 MD    21122     1      29,392.00      8.990    236.28
3900479 5547 GAYLAND RD                    BALTIMORE                MD    21227     1      86,632.24      9.750    744.99
3900480 7306 CHESAPEAKE RD                 BALTIMORE                MD    21220     1      21,968.00      9.790    189.38
4300129 62 IVES STREET                     HAMDEN                   CT    06518     1      60,019.90      8.990    759.98
4400400 1840 SELBY AVE                     SAINT PAUL               MN    55104     1      96,427.00      8.890    768.25
4400405 6670 ANOKA STREET                  FRIDLEY                  MN    55432     1      97,695.00      9.150    999.62
4400408 1056 GOODRICH AVE                  SAINT PAUL               MN    55105     1     174,589.00      9.650  1,487.18
4400409 436 206TH AVE                      CEDAR                    MN    55011     1     107,940.00     10.650    999.49
4600360 709 GREEN GROVE PL                 NEPTUNE                  NJ    07753     1      41,157.00      9.390    342.77
4800276 9 CHARLOTTSVILLE COURT             CORAM                    NY    11727     1      57,531.00      8.590    446.04
4800277 12 HARBOR OAKS DRIVE               KINGS PARK               NY    11754     1     188,446.00      8.850  1,495.98
4800279 60 BIRCHDALE DRIVE                 HOLBROOK                 NY    11741     1      71,909.00      8.990    578.08
4800286 188 PACIFIC STREET                 PT. JEFFERSON STATION    NY    11776     1      83,647.99      9.390    696.65
4800291 6 FUOCO ROAD                       BELLPORT                 NY    11713     1      57,718.00      9.790    548.98
4800294 12 HOFSTRA DRIVE                   FARMINGVILLE             NY    11738     1     100,430.00      8.850    797.27
4800296 52 VAIL AVENUE                     RIVERHEAD                NY    11901     1      54,595.00      8.990    438.89
4800300 11 MOUNTAIN STREET                 LAKE RONKONKOMA          NY    11779     1      90,986.00      8.590  1,132.48
4800302 63 PARNELL DRIVE                   SMITHTOWN                NY    11787     1     169,579.00      9.850  1,469.41
4800304 22 LINCOLN AVENUE                  KINGS PARK               NY    11754     1      49,909.96      8.990    407.79
4800311 655 INTERLAKEN LANE                NORTH BABYLON            NY    11703     1      97,883.00      8.590    758.89
8901506 3900 DALHOUISE LANE                DECATUR                  GA    30034     1      70,187.19     13.990    831.23
8901507 34198 EAGLET WAY                   SOLDOTNA                 AK    99669     2      31,870.64     11.950    383.03
- - -----------------------------------------------------------------------------------------------------------------------------
TOTAL FIXED RATE LOANS:                    131                                         12,529,888.65





   Loan       Mat       Pmt   Prop  Occup   Appraised   Orig
  Number     Date      Type   Type   Type     Value     Type
- - ------------------------------------------------------------
                                       
3301050      7/1/29      A      S     P      170,000      F
3301055      7/1/29      A      S     P      135,000      F
3301057      8/1/14      A      S     P      120,000      F
3301072      8/1/14      A      S     P      270,000      F
3400968      6/1/14      A      S     P      103,000      F
3400971      7/1/14      A      S     P      127,000      F
3400983      7/1/29      A      S     P      145,000      F
3400985      7/1/29      A      S     P      195,000      F
3400986      8/1/29      A      S     P       89,000      F
3400988      8/1/29      A      S     P      109,000      F
3400990      8/1/29      A      S     P      157,000      F
3400993      8/1/29      A      S     P      256,000      F
3600465      8/1/29      A      S     P      210,000      F
3600467      8/1/29      A      S     P      195,000      F
3600470      8/1/14      A      S     P      307,000      F
3700289      8/1/29      A      S     P       86,000      F
3800426      7/1/29      A      S     P      135,000      F
3800428      7/1/29      A      S     P      101,000      F
3900466      7/1/29      A      S     P       97,000      F
3900479      6/1/29      A      S     P      119,000      F
3900480      8/1/29      A      S     P       80,000      F
4300129      8/1/09      A      S     P      150,000      F
4400400      7/1/29      A      S     P      184,000      F
4400405      7/1/14      A      S     P      130,000      F
4400408      7/1/29      A      S     P      240,000      F
4400409      7/1/29      A      S     P      127,000      F
4600360      8/1/29      A      S     P      102,000      F
4800276      7/1/29      A      P     P       84,000      F
4800277      7/1/29      A      S     P      280,000      F
4800279      8/1/29      A      S     P      147,000      F
4800286      8/1/29      A      S     P      140,000      F
4800291      7/1/19      A      S     P      110,000      F
4800294      7/1/29      A      S     P      145,000      F
4800296      7/1/29      A      S     P       78,000      F
4800300      8/1/09      A      S     P      140,000      F
4800302      8/1/29      A      S     P      212,000      F
4800304      7/1/29      A      S     P      127,000      F
4800311      8/1/29      A      S     P      160,000      F
8901506      5/1/29      A      S     P       48,000      C
8901507      4/1/14      A      S     P      227,000      C
- - ------------------------------------------------------------


Page 3                                                                     99-2


                                    EXHIBIT B
                        LOAN SCHEDULE -- 1999-2 (ADJUSTABLE)




   Loan                                                                           Lien     Cut-Off      Current   Current
  Number     Property Address               City                    ST    Zip      Pos     Balance        Rate      Pmt
- - ---------------------------------------------------------------------------------------------------------------------------
                                                                                         
 106365 23695 SAN DONA                     LAGUNA HILLS             CA    92653     1    150,537.12       8.250  1,132.38
 106409 46 MONTE VISTA                     LAGUNA HILLS             CA    92653     1    247,490.00       9.790  2,133.59
 205194 4851 MT. BIGELOW DRIVE             SAN DIEGO                CA    92111     1    183,990.00       8.250  1,382.26
 406073 216 BRIDGEVIEW DRIVE               SAN FRANCISCO            CA    94124     1    184,481.00       9.790  1,590.40
 406074 43 WEST 17TH STREET                ANTIOCH                  CA    94509     1     39,720.00       8.890    316.46
 406079 20 JOHN GLENN CIRCLE               DALY CITY                CA    94015     1    230,500.00       8.650  1,796.91
 406080 664 41ST AVENUE                    SAN FRANCISCO            CA    94121     1    285,721.00       8.900  2,278.45
 406085 89 BELFORD DRIVE                   DALY CITY                CA    94015     1    295,980.00       8.390  2,252.80
 406088 113 FRANCISCO DRIVE                SOUTH SAN FRANCISCO      CA    94080     1    251,980.00       8.750  1,982.33
 406090 419 ELIZABETH STREET               SAN FRANCISCO            CA    94114     1    304,414.00       6.840  1,992.67
 505914 2846 S HALM AVENUE                 LOS ANGELES              CA    90034     1    150,490.00       8.650  1,173.17
 605159 1646 BEECHWOOD DR.                 MARTINEZ                 CA    94553     1    166,110.00       6.990  1,104.02
 605160 820 POCHARD WAY                    SUISUN CITY              CA    94585     1    131,740.00       8.990  1,059.06
 605162 267 LARKSPUR LN.                   FAIRFIELD                CA    94533     1     87,536.00       7.850    633.18
 707667 4345  LYND  AVE                    ARCADIA AREA             CA    91006     1    106,450.00       8.650    829.85
 807001 700 EAST STREET                    SALINAS                  CA    93905     1     68,890.00      10.690    639.97
 807019 1949 TRENTON DR                    SAN JOSE                 CA    95124     1    324,720.00       7.750  2,326.33
 807021 2624 ALDERWOOD DR                  SAN JOSE                 CA    95132     1    235,190.00       7.850  1,701.21
 807025 333 SOUTH 34TH STREET              SAN JOSE                 CA    95116     1     86,990.00       8.990    699.32
1603176 2637 13TH AVE W                    SEATTLE                  WA    98119     1    110,763.00       6.340    688.48
1603189 1606 S ADAMS ST                    TACOMA                   WA    98405     1     83,990.00      10.050    740.18
1603204 5318 169TH PL SW                   LYNNWOOD                 WA    98037     1    136,490.00       6.990    907.15
1603212 16822 35TH AVE S                   SEATAC                   WA    98188     1     80,987.00       7.640    574.06
1603218 1411 N ANDERSON ST                 TACOMA                   WA    98406     1    102,366.00       7.350    705.27
1603220 7333 12TH AVE NW                   SEATTLE                  WA    98117     1    149,980.00       8.150  1,116.22
1703389 6476 S STEELE ST                   LITTLETON                CO    80121     1     99,048.69      10.290    890.78
1703392 9917 GARLAND DR                    BROOMFIELD               CO    80021     1    122,990.00       8.550    950.05
1703395 9051 HICKORY PL                    THORNTON                 CO    80229     1     85,590.00       7.850    619.10
1804152 8410 S. EXCHANGE AVE.              CHICAGO                  IL    60617     1     53,143.00       8.150    395.52
1804155 1413 S. KOSTNER AVENUE             CHICAGO                  IL    60623     1     91,990.00       8.650    717.13
1804158 14626 S. TRIPP AVENUE              MIDLOTHIAN               IL    60445     1     63,884.00       7.240    435.37
1804161 3100 S. KING DR. #601              CHICAGO                  IL    60616     1     60,490.00      10.290    543.85
1804175 632 S. BEVERLY AVENUE              ADDISON                  IL    60101     1     94,240.00       9.890    819.37
1804181 31 W. TAYLOR ROAD                  LOMBARD                  IL    60148     1     98,096.00       7.390    678.53
2102302 3237 NE 57TH AVE                   PORTLAND                 OR    97213     1     49,700.99       8.390    378.29
2102307 9925 SE STANLEY AVE                MILWAUKIE                OR    97222     1    107,090.00       8.350    812.07
2202174 356 FLETCHER DRIVE                 WHEELING                 IL    60090     1    101,990.00       8.250    766.22
2500587 5609 PINNACLE PARK DRIVE           SEVEN HILLS              OH    44131     1    102,760.00       7.790    739.03
2500590 6894 W SMITH RD                    MEDINA                   OH    44256     1     91,077.00       7.850    658.79
2500593 2686 KIMMEL DRIVE                  UNIONTOWN                OH    44685     1     82,260.00       7.850    595.02
2901080 6315 LANGDON ST                    PHILADELPHIA             PA    19111     1     45,590.00       8.250    442.29
2901103 39 SUMMIT AVE                      PAOLI                    PA    19301     1     87,951.00       6.990    584.55
3101363 206 SECOND STREET                  ENGLEWOOD                NJ    07631     1     71,515.00       7.240    652.43
3101372 104 WARD PLAZA                     TEANECK                  NJ    07666     1     45,091.00       9.390    375.54
3301048 450 E 49TH STREET                  BROOKLYN                 NY    11203     1    123,990.00       8.390    943.73






   Loan       Mat       Pmt   Prop  Occup   Appraised   Orig
  Number     Date      Type   Type   Type     Value     Type
- - ------------------------------------------------------------
                                       
 106365      4/1/29      A      S     P      201,000      F
 106409      7/1/29      A      P     P      330,000      F
 205194      8/1/29      A      S     P      230,000      F
 406073      8/1/29      A      S     P      246,000      F
 406074      8/1/29      A      S     P       89,000      F
 406079      8/1/29      A      S     P      352,000      F
 406080      8/1/29      A      S     P      381,000      F
 406085      8/1/29      A      S     P      370,000      F
 406088      8/1/29      A      S     P      336,000      F
 406090      8/1/29      A      S     P      559,000      F
 505914      8/1/29      A      S     P      190,000      F
 605159      8/1/29      A      S     P      210,000      F
 605160      8/1/29      A      S     P      165,000      F
 605162      8/1/29      A      S     P      136,000      F
 707667      8/1/29      A      S     P      170,000      F
 807001      8/1/29      A      S     I      106,000      F
 807019      7/1/29      A      S     P      435,000      F
 807021      8/1/29      A      S     P      286,000      F
 807025      8/1/29      A      S     P      116,000      F
1603176      7/1/29      A      S     P      280,000      F
1603189      7/1/29      A      S     P      105,000      F
1603204      8/1/29      A      S     P      180,000      F
1603212      8/1/29      A      S     P      135,000      F
1603218      8/1/29      A      S     P      140,000      F
1603220      8/1/29      A      S     P      200,000      F
1703389      8/1/29      A      S     P      160,000      F
1703392      8/1/29      A      S     P      164,000      F
1703395      8/1/29      A      S     P      107,000      F
1804152      8/1/29      A      F     P       72,000      F
1804155      8/1/29      A      F     P      120,000      F
1804158      8/1/29      A      S     P      129,000      F
1804161      8/1/29      A      C     P      110,000      F
1804175      8/1/29      A      S     P      150,000      F
1804181      8/1/29      A      S     P      142,000      F
2102302      8/1/29      A      S     I      125,000      F
2102307      8/1/29      A      S     P      126,000      F
2202174      8/1/29      A      S     P      136,000      F
2500587      8/1/29      A      S     P      155,000      F
2500590      8/1/29      A      S     P      117,000      F
2500593      8/1/29      A      S     P      110,000      F
2901080      6/1/14      A      S     P       57,000      F
2901103      7/1/29      A      S     P      110,000      F
3101363      8/1/14      A      S     P      134,500      F
3101372      8/1/29      A      S     P      135,000      F
3301048      7/1/29      A      S     P      155,000      F


Page 1                                                                     99-2


                                    EXHIBIT B
                        LOAN SCHEDULE -- 1999-2 (ADJUSTABLE)




   Loan                                                                           Lien     Cut-Off      Current   Current
  Number     Property Address               City                    ST    Zip      Pos     Balance        Rate      Pmt
- - --------------------------------------------------------------------------------------------------------------------------
                                                                                         
3301049 135 MADISON STREET                 BROOKLYN                 NY    11216     1     100,180.00       7.140    675.95
3301063 493 CHESTNUT STREET                BROOKLYN                 NY    11208     1      34,688.00       8.390    339.35
3301064 116-57 120TH STREET                SOUTH OZONE PARK         NY    11420     1     140,240.00       8.390  1,067.41
3400970 8 WOLF PL.                         PARSIPPANY-TROY HILLS    NJ    07054     1     141,796.00       7.640  1,005.09
3400995 3 OAKWOOD TERR                     JAMESBURG                NJ    08831     1      32,738.00       7.240    298.67
3600462 3811 NICHOLSON ST                  HYATTSVILLE              MD    20782     1      77,691.00       8.390    591.33
3800409 4611 8TH  ST NW                    WASHINGTON               DC    20011     1      65,212.00      10.050    574.69
3900483 6723 PARSONS AVE                   BALTIMORE                MD    21215     1      75,640.00       8.750    755.98
3900484 355 JASONTOWN RD                   WESTMINSTER              MD    21158     1      43,978.00      10.290    395.40
4300075 98 CHESHIRE ROAD                   BETHANY                  CT    06524     1     173,504.97       8.990  1,395.58
4300112 11 HALCYON PLACE                   YONKERS                  NY    10701     1     101,292.00      10.390    918.24
4300127 12 BELLEVIEW TERRACE               ANSONIA                  CT    06401     1      83,990.00       7.390    580.96
4600221 313 MELROSE AVE                    CINNAMINSON              NJ    08077     1     101,430.45       9.240    835.02
4600352 461 CENTER AVE                     MIDDLETOWN               NJ    07748     1      30,974.00       6.740    200.69
4600356 1141 STATE RT 33                   FARMINGDALE (HOWELL TWP) NJ    07727     1      87,189.00       7.990    639.15
4600359 163 TYRPAK RD                      HOWELL                   NJ    07731     1     107,937.00       8.750    849.14
4600376 44 HENDERSON LN                    WILLINGBORO              NJ    08046     1      34,034.00       7.640    241.24
4800289 8 NIAGRA STREET                    MILLER PLACE             NY    11764     1     217,000.00      10.390  1,967.16
8901502 7126 TULIP STREET                  PHILADELPHIA             PA    19135     1      44,780.20      10.750    418.67
8901503 3550 NW 3RD STREET                 MIAMI                    FL    33125     1      29,958.30      10.750    280.05
8901504 3328 23RD STREET NORTH             ST. PETERSBURG           FL    33713     1      34,166.99      10.750    319.44
8901505 103 WOOSTER STREET                 NEW HAVEN                CT    06511     1      71,970.43      13.500    824.70
- - -------------------------------------------------------------------------------------------------------------------------
TOTAL VARIABLE RATE LOANS:                 67                                           7,706,382.14





   Loan       Mat       Pmt   Prop  Occup   Appraised   Orig
  Number     Date      Type   Type   Type     Value     Type
- - ------------------------------------------------------------
                                       
3301049      8/1/29      A      F     P      195,000      F
3301063      8/1/14      A      S     P      110,000      F
3301064      8/1/29      A      S     P      165,000      F
3400970      7/1/29      A      S     P      281,000      F
3400995      8/1/14      A      S     P      100,000      F
3600462      8/1/29      A      S     P      140,600      F
3800409      6/1/29      A      S     I      132,000      F
3900483      8/1/14      A      S     P       89,000      F
3900484      8/1/29      A      S     P      154,000      F
4300075      5/1/29      A      S     P      235,000      F
4300112      8/1/29      A      S     P      173,000      F
4300127      7/1/29      A      S     P      111,000      F
4600221      3/1/29      A      S     P      127,000      F
4600352      7/1/29      A      S     P      127,000      F
4600356      8/1/29      A      S     P      109,000      F
4600359      8/1/29      A      S     P      127,000      F
4600376      8/1/29      A      S     P       89,000      F
4800289      7/1/29      A      S     P      350,000      F
8901502      2/1/29      A      F     P      130,000      C
8901503      3/1/29      A      F     P       53,500      C
8901504      3/1/29      A      S     P      120,000      C
8901505      4/1/29      A      C     P      100,000      C
- - ------------------------------------------------------------


Page 2                                                                     99-2