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                                                                 FINANCIAL GROUP



April 25, 1997



Frances Okougbo
Norwest Corporate Trust
11000 Brokenland Parkway
Columbia MD 21044


RE: Servicing  Agreement  dated  May  1, 1996, between  Norwest  Bank Minnesota,
    National Association ("Trustee") and  LSI Financial  Group  ("Sub-Servicer")
    for Access Financial Mortgage Loan Trust 1996-2


Dear Ms. Okougbo,

A review of the  activities of the Servicer  during the preceding  calendar year
and of its performance under the above referenced  agreement has been made under
my supervision and pursuant to Section 3.16 of the Servicing  Agreement.  To the
best of my knowledge,  based on such review,  the Servicer has fulfilled all its
obligations.



Sincerely,


/s/ Timothy S. Sambrano
    Timothy S. Sambrano
    President



c: Ms. Sylvia Borchert



                                                            17500 Chenal Parkway
                                                                       Suite 200
                                                Little Rock, Arkansas 72211-9131