<ARTICLE> 5
<CIK> 0000036548
<NAME> FIRST MORTGAGE CORP

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          FEB-28-1999
<PERIOD-END>                               MAY-31-1999
<CASH>                                         162,824
<SECURITIES>                                         0
<RECEIVABLES>                                  672,922
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               835,746
<PP&E>                                           2,002
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,135,716
<CURRENT-LIABILITIES>                          123,967
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        51,102
<OTHER-SE>                                     960,647
<TOTAL-LIABILITY-AND-EQUITY>                 1,135,716
<SALES>                                              0
<TOTAL-REVENUES>                               142,362
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                55,750
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 86,612
<INCOME-TAX>                                    29,448
<INCOME-CONTINUING>                             57,164
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    57,164
<EPS-BASIC>                                      0.001
<EPS-DILUTED>                                    0.001