SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
Access Financial Mortgage Loan
Trust, 1996-1
(Registrant)
By: Norwest Bank of Minnesota,
N.A.
Name: Kris Solie-Johnson
Title: Corporate Trust Officer
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Cover Page - Issuing
Report Name
Report Number
____________________________________________________________
__ ________________
Series Structure Summary
1
Class Distribution Summary
2
Class Distribution Per 1,000 of
Original Balance
3
Class Principal Distribution
4
Class Interest Distribution
5
Fund Account Summary
6
Loss/Delinquency Detail
7
Collateral Summary
8
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Series Structure Summary - Issuing
Aggregate Realized Aggregate
Ending
Class
Original Principal Losses Principal
Aggregate Interest Undistributed Principal
Class Description Principal Type Interest Type
Balance Pass Through Rate Balance Reduction
Shortfall Principal Factor
____________________________________________________________
____________________________________________________________
_______________________________________________
A-1 Senior Sequential Pay Fixed
44,000,000.00 5.70000000% 0.00
0.00 0.00 0.9622837009
A-2 Senior Sequential Pay Fixed
16,000,000.00 5.65000000% 0.00
0.00 0.00 1.0000000000
A-3 Senior Sequential Pay Fixed
20,000,000.00 5.80000000% 0.00
0.00 0.00 1.0000000000
A-4 Senior Sequential Pay Fixed
26,000,000.00 6.20000000% 0.00
0.00 0.00 1.0000000000
A-5 Senior Sequential Pay Fixed
13,588,000.00 7.05000000% 0.00
0.00 0.00 1.0000000000
A-6 Senior Sequential Pay Variable
55,452,000.00 4.79166670% 0.00
0.00 0.00 0.9875336051
B-Fixed Subordinate Sequential Pay Variable
153.58 3296018.20549551% 0.00
0.00 0.00
B-Vari Subordinate Sequential Pay Variable
737.64 365947.78232146% 0.00
0.00 0.00 305.9564828372
RU Residual Residual Residual
0.00 0.00000000% 0.00 0.00
0.00 0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
175,040,891.22 0.00
0.00 0.00 0.9902650165
Report 1
03/15/96 -- 10:28am
Page 1 of 1
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996 Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class
Distribution Summary - Issuing
Beginning
Principal Ending
Pass Through
Principal Total Interest Total Principal
Balance Principal Total
Class Record Date Rate
Balance Distribution Distribution
Reduction Balance Distribution
____________________________________________________________
____________________________________________________________
____________________________________
A-1 02/29/1996 5.70000000%
44,000,000.00 209,000.00 1,659,517.16
0.00 42,340,482.84 1,868,517.16
A-2 02/29/1996 5.65000000%
16,000,000.00 75,333.33 0.00
0.00 16,000,000.00 75,333.33
A-3 02/29/1996 5.80000000%
20,000,000.00 96,666.67 0.00
0.00 20,000,000.00 96,666.67
A-4 02/29/1996 6.20000000%
26,000,000.00 134,333.33 0.00
0.00 26,000,000.00 134,333.33
A-5 02/29/1996 7.05000000%
13,588,000.00 79,829.50 0.00
0.00 13,588,000.00 79,829.50
A-6 02/29/1996 4.79166670%
55,452,000.00 221,422.92 691,286.53
0.00 54,760,713.47 912,709.45
B-Fixed 02/29/1996
153.58 0.00 0.00
0.00 421,988.98 0.00
B-Vari 02/29/1996
737.64 0.00 0.00
0.00 225,685.74 0.00
RU 02/29/1996 0.00000000%
0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
175,040,891.22 816,585.75 2,350,803.69
0.00 173,336,871.03 3,167,389.44
Report 2
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Page 1 of 1
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2100
11000 Broken Land Parkway Distribution
Date: March 18, 1996 InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800
Class Distribution Per
1,000 of Original Balance - Issuing
Total Other
Total
Interest Scheduled Principal Total Principal
Principal Ending
Distribution Principal Distribution Distribution
Balance Principal
Class Cusip Original Balance
Factor Factor Factor Factor
Reduction Factor
____________________________________________________________
____________________________________________________________
_____________________________
A-1 003916AA1 44,000,000.00
4.75000000 5.21173682 22.91739409 37.71629909
0.00000000 0.9622837009
A-2 003916AB9 16,000,000.00
4.70833313 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-3 003916AC7 20,000,000.00
4.83333350 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-4 003916AD5 26,000,000.00
5.16666654 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-5 003916AE3 13,588,000.00
5.87500000 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-6 003916AF0 55,452,000.00
3.99305562 4.40932951 4.00043804 12.46639490
0.00000000 0.9875336051
B-Fixed N/A 153.58
0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 2747.6818596171
B-Vari N/A 737.64
0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 305.9564828372
RU N/A 0.00
N/A N/A N/A N/A
N/A N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals 175,040,891.22
0.9902650165
Report 3
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Page 1 of 1
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class
Principal Distribution - Issuing
Beginning
Principal Ending Current
Principal Scheduled
Unscheduled Other Total
Principal Balance Principal Undistributed
Class Balance Principal
Principal Accretion Principal Distribution
Reduction* Balance Principal
____________________________________________________________
____________________________________________________________
____________________________________________
A-1 44,000,000.00 229,316.42
1,008,365.34 421,835.40 0.00
1,659,517.16 0.00 42,340,482.84
0.00
A-2 16,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 16,000,000.00 0.00
A-3 20,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 20,000,000.00 0.00
A-4 26,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 26,000,000.00 0.00
A-5 13,588,000.00 0.00
0.00 0.00 0.00 0.00
0.00 13,588,000.00 0.00
A-6 55,452,000.00 244,506.14
221,832.29 224,948.10 0.00
691,286.53 0.00 54,760,713.47
0.00
B-Fixed 153.58 0.00
0.00 (421,835.40) 0.00 0.00
0.00 421,988.98 0.00
B-Vari 737.64 0.00
0.00 (224,948.10) 0.00 0.00
0.00 225,685.74 0.00
RU 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals 175,040,891.22 473,822.56
1,230,197.63 (0.00) 0.00
2,350,803.69 0.00 173,336,871.03
0.00
*Principal Balance Reduction
Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
0.00
Other
0.00
Report 4
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Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class Interest Distribution - Issuing
Beginning
Negative Ending
Principal/
Interest Amortization
Principal/
Notional
Interest Shortfall/ Other
Interest Total Interest Notional
Class Pass-Through Rate Balance
Accrual (Recovery) Accretion Interest
Reduction Distribution Balance
____________________________________________________________
____________________________________________________________
_____________________________________________
A-1 5.70000000% 44,000,000.00
209,000.00 0.00 0.00
0.00 0.00 209,000.00 42,340,482.84
A-2 5.65000000% 16,000,000.00
75,333.33 0.00 0.00 0.00
0.00 75,333.33 16,000,000.00
A-3 5.80000000% 20,000,000.00
96,666.67 0.00 0.00 0.00
0.00 96,666.67 20,000,000.00
A-4 6.20000000% 26,000,000.00
134,333.33 0.00 0.00
0.00 0.00 134,333.33 26,000,000.00
A-5 7.05000000% 13,588,000.00
79,829.50 0.00 0.00 0.00
0.00 79,829.50 13,588,000.00
A-6 4.79166670% 55,452,000.00
221,422.92 0.00 0.00
0.00 0.00 221,422.92 54,760,713.47
B-Fixed 3296018.20549551% 153.58
421,835.40 0.00 421,835.40
0.00 0.00 0.00 421,988.98
B-Vari 365947.78232146% 737.64
224,948.10 0.00 224,948.10
0.00 0.00 0.00 225,685.74
RU 0.00000000% 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,463,369.25 0.00 646,783.50
0.00 0.00 816,585.75
Notes:
Class A-6 Interest is accrued @ LIBOR = 5.375% over the
applicable accrual period.
Report 5
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Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Fund Account Summary - Issuing
____________________________________________________________
____________________________________________________________
______________________________________________________
Proceeds Account
Beginning Balance
0.00
DEPOSITS:
WITHDRAWALS:
Interest Net of Servicing Fee 1,463,369.25
Interest Payments 816,585.75
Scheduled Principal 473,822.56
Scheduled Principal Payment 473,822.56
Other Principal 1,230,197.63
Other Principal Payments 1,876,981.13
Negative Amortization 0.00
Reserve Fund 1 0.00
Deposits from Reserve Fund 0.00
Fees and Expenses 0.00
Gain/Loss Adjustment 0.00
Other Withdrawals 0.00
Other Deposits 0.00
Total Deposit
3,167,389.44 Total Withdrawals
3,167,389.44
Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________
Report 6
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Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Loss/Delinquency Detail - Issuing
Current Current Current
Current Total Aggregate Aggregate
Aggregate Aggregate Total
Fraud Bankruptcy Special Hazard
Credit Current Fraud Bankruptcy
Special Hazard Credit Aggregate
Pool # Losses Losses Losses
Losses Losses Losses Losses
Losses Losses Losses
____________________________________________________________
____________________________________________________________
_________________________________________________
1 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
2 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
________________________________________
30 Days Delinquent 60 Days Delinquent
90 Days Delinquent Foreclosures
REO's Totals
Number Balance Number Balance
Number Balance Number Balance Number
Balance Number Balance
1 48 2,968,025.19 15 719,257.80
1 105,350.00 0 0.00 0
0.00 64 3,792,632.99
2 4 325,750.00 9 1,024,400.00
2 210,200.00 0 0.00 0
0.00 15 1,560,350.00
____________________________________________________________
____________________________________________________________
________________________________________
Totals 52 3,293,775.19 24 1,743,657.80
3 315,550.00 0 0.00 0
0.00 79 5,352,982.99
Report 7
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Page 1 of 1
Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact: Michele Latimer
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Collateral Summary - Issuing
Total| Pool 1 Pool 2
____________________________________________________________
_____________________________________________
Monthly P&I Constant
2,025,635.86| 1,306,732.39 718,903.47
|
Positive Amortization
473,822.56| 229,316.42 244,506.14
Negative Amortization
0.00| 0.00 0.00
Regular Curtailments
0.00| 0.00 0.00
Regular Curtailment Interest
0.00| 0.00 0.00
Prepaid Curtailments
0.00| 0.00 0.00
Prepaid Curtailment Interest
0.00| 0.00 0.00
Liquidations
1,230,197.63| 1,008,365.34 221,832.29
Principal Adjustments
0.00| 0.00 0.00
Total Principal Trust Distribution
1,704,020.19| 1,237,681.76 466,338.43
|
Scheduled Interest
1,551,813.30| 1,077,415.97 474,397.33
Servicing Fee
61,594.00| 42,343.67 19,250.33
Master Servicing Fee
4,011.35| 2,740.56 1,270.79
Spread
0.00| 0.00 0.00
Total Pass-Through Interest
1,463,369.25| 1,016,998.23 446,371.02
|
Beginning Balance
175,040,891.22| 119,588,153.58 55,452,737.64
Ending Balance
173,336,871.03| 118,350,471.82 54,986,399.21
Gross P&I Distribution
3,194,239.49| 2,272,754.06 921,485.43
Realized Losses/(Gains)
0.00| 0.00 0.00
Net P&I Trust Distribution
3,194,239.49| 2,272,754.06 921,485.43
|
Beginning Loan Count
2444| 1904 540
Number of Loan Payoffs
14| 13 1
Ending Loan Count
2430| 1891 539
|
Weighted Average Maturity
0.0000000000| 234.3300000000 347.6400000000
Weighted Average Gross Rate
0.000000000%| 11.123000000% 9.548800000%
Weighted Average Net Rate
0.000000000%| 10.698100000% 9.132200000%
Weighted Average Pass-Through Rate
0.000000000%| 10.515500000% 8.941300000%
Weighted Average Margin
0.000000000%| 0.000000000% 5.953300000%
|
Advances on Delinquencies
|
Current Period Principal
0.00| 0.00 0.00
Current Period Interest
0.00| 0.00 0.00
|
|
Report 8
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