<ARTICLE> 5 <CIK> 0000036548 <NAME> FIRST MORTGAGE CORP. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> FEB-28-1998 <PERIOD-START> JUN-01-1998 <PERIOD-END> AUG-31-1998 <CASH> 104,158 <SECURITIES> 0 <RECEIVABLES> 636,500 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 740,658 <PP&E> 6,783 <DEPRECIATION> 4,277 <TOTAL-ASSETS> 991,086 <CURRENT-LIABILITIES> 71,130 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 51,102 <OTHER-SE> 868,854 <TOTAL-LIABILITY-AND-EQUITY> 991,086 <SALES> 0 <TOTAL-REVENUES> 357,579 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 166,882 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 190,697 <INCOME-TAX> 57,728 <INCOME-CONTINUING> 132,969 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 132,969 <EPS-BASIC> .02 <EPS-DILUTED> 0