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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 14, 2000
Commission file number 0-28706
FIRST ALLIANCE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 33-0721183
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
17305 VON KARMAN AVENUE, IRVINE, CALIFORNIA 92614
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (949) 224-8500
(Former name or former address, if changed since last report): Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On July 14, 2000, First Alliance Mortgage Company (the "Company"),
received authorization for the sale of the Company's servicing rights portfolio
to West Palm Beach, Florida-based OCWEN Federal Bank FSB, a subsidiary of OCWEN
Financial Corporation (NYSE-OCN).
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements - not applicable
(b) Pro forma financial information - not applicable
(c) Exhibits
(20.1) Press release issued by the Company dated July 20,
2000.
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SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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.
Date: July 21, 2000
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FIRST ALLIANCE CORPORATION
By: /S/ FRANCISCO NEBOT
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Francisco Nebot
President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
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20.1 Press release issued by the Company dated 4
July 20, 2000
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