<PAGE>
______________________________________________________________________________
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)
December 31, 1996
First Alliance Mortgage Loan Trust 1996-4
---------------------------------------------
(Exact name of registrant as specified in its charter)
APPLICATION
New York 33-99604-03 PENDING
------------------- -------------- --------------------
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
c/o The Chase Manhattan Bank 10001-2697
450 West 33rd Street, 15th Floor --------------------
New York, New York (Zip Code)
- --------------------------------
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code (212) 946-8500
No Change
--------------------------------------------------------
(Former name or former address, if changed since last report)
______________________________________________________________________________
<PAGE>
Item 2. Acquisition or Disposition of Assets
-------------------------------------
Description of the Conveyance of Subsequent Mortgage Loans
On December 31, 1996, First Alliance Mortgage Loan Trust 1996-4 (the
"Trust") acquired $16,879,041.25 of Subsequent Mortgage Loans pursuant to the
terms of the Pooling and Servicing Agreement dated as of December 1, 1996,
between First Alliance Mortgage Company, as Company and Servicer (the "Company")
and The Chase Manhattan Bank, in its capacity as Trustee, and the Subsequent
Transfer Agreement among the Company and the Trust, as purchaser, dated December
31, 1996. The Subsequent Mortgage Loans possess the characteristics required by
the Prospectus dated September 10, 1996 and the Prospectus Supplement dated
December 10, 1996, filed pursuant to Rule 424(b)(5) of the Act on December 18,
1996. The Schedule of Subsequent Mortgage Loans is attached to the Subsequent
Transfer Agreement.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
-------------------------------------------------------------------
(a) Not applicable
(b) Not applicable
(c) Exhibits:
10.1 Subsequent Transfer Agreement dated as of December 31, 1996 among
First Alliance Mortgage Company, as the Company and as Servicer and
First Alliance Mortgage Loan Trust 1996-4 as the Purchaser.
<PAGE>
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 hereunto duly authorized.
By: FIRST ALLIANCE MORTGAGE COMPANY, as
Company
By: /s/Brian Chisick
------------------
Name: Brian Chisick
Title: President
Dated: January 3, 1997
<PAGE>
Item 1
SUBSEQUENT TRANSFER AGREEMENT
-----------------------------
First Alliance Mortgage Company, the "Company", and in its capacity as
servicer of the Trust, the "Servicer", and First Alliance Mortgage Loan Trust
1996-4, as the "Purchaser", pursuant to the Pooling and Servicing Agreement
dated as of December 1, 1996, (the "Pooling and Servicing Agreement") among the
Company, the Servicer, and The Chase Manhattan Bank, a New York banking
corporation, in its capacity as Trustee (the "Trustee"), hereby confirm their
understanding with respect to the sale by the Company and the purchase by the
Purchaser of those Mortgage Loans (the "Subsequent Mortgage Loans") listed on
the attached Schedules of Mortgage Loans.
Conveyance of Subsequent Mortgage Loans. As of December 31, 1996 (the
---------------------------------------
"Subsequent Cut-Off Date"), the Company does hereby irrevocably transfer,
assign, setover and otherwise convey to the Purchaser, without recourse (except
as otherwise explicitly provided for herein) all right, title and interest in
and to any and all benefits accruing from the Subsequent Mortgage Loans which
are delivered to the Custodian on behalf of the Trustee herewith (and all
substitutions therefor as provided by Sections 3.3, 3.4 and 3.6 of the Pooling
and Servicing Agreement), together with the related Subsequent Mortgage Loan
documents and the interest in any Property which secured a Subsequent Mortgage
Loan but which has been acquired by foreclosure or deed in lieu of foreclosure,
and all payments thereon and proceeds of the conversion, voluntary or
involuntary, of the foregoing; and proceeds of all the foregoing (including,
but not by way of limitation, all proceeds of any mortgage insurance, hazard
insurance and title insurance policy relating to the Subsequent Mortgage Loans,
cash proceeds, accounts, accounts receivable, notes, drafts, acceptances,
chattel paper, checks, deposit accounts, rights to payment of any and every
kind, and other forms of obligations and receivables which at any time
constitute all or part of or are included in the proceeds of any of the
foregoing). The Company shall deliver the original Mortgage or mortgage
assignment with evidence of recording thereon (except as otherwise provided by
the Pooling and Servicing Agreement) and other required documentation in
accordance with the terms set forth in Sections 3.5 and 3.8 of the Pooling and
Servicing Agreement.
The costs relating to the delivery of the documents specified in this
Subsequent Transfer Agreement and the Pooling and Servicing Agreement shall be
borne by the Company.
The Company hereby affirms the representations and warranties set forth in
the Pooling and Servicing Agreement that relate to the Company and the
Subsequent Mortgage Loans as of the date hereof. The Company hereby delivers
notice and confirms that each of the conditions set forth in Section 3.8(b),
3.8(c) and 3.8(d) to the Pooling and Servicing Agreement are satisfied as of the
date hereof.
All terms and conditions of the Pooling and Servicing Agreement are hereby
ratified, confirmed and incorporated herein, provided that in the event of any
conflict the provisions of this Subsequent Transfer Agreement shall control over
the conflicting provisions of the Pooling and Servicing Agreement.
Terms capitalized herein and not defined herein shall have their respective
meanings as set forth in the Pooling and Servicing Agreement.
<PAGE>
FIRST ALLIANCE MORTGAGE THE CHASE MANHATTAN BANK
COMPANY, as the Company as Trustee for First Alliance
Mortgage Loan Trust 1996-4
By: /s/ Mark Mason By: /s/ Dennis Kelly
--------------------------------- -------------------------------
Name: Mark Mason Name: Dennis Kelly
Title: Executive Vice President Title: Trust Officer
and Chief Financial Officer
Dated: December 31, 1996
FIRST ALLIANCE MORTGAGE
COMPANY, as Servicer
By: /s/ Mark Mason
--------------------------------
Name: Mark Mason
Title: Executive Vice President
and Chief Financial Officer
<PAGE>
EXHIBIT B
LOAN SCHEDULE - GROUP I (FIXED)
<TABLE>
<CAPTION>
Cut- Cur- Cur- App-
Loan Lien Off rent rent Mat Pmt Prop Occup raised Orig
Number Property Address City ST Zip Pos Balance Rate Pmt Date Type Type Type Value Type
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
304078 3059 NORTH 39TH STREET SAN DIEGO CA 92105 1 20,997.00 11.95 215.17 2/1/27 A S P 98,000 B
304093 8306 TOWNE AVENUE LOS ANGELES CA 90003 1 31,478.00 10.25 282.07 1/1/27 A S P 107,000 B
304105 282 EAST 47TH STREET LOS ANGELES CA 90011 1 57,472.00 10.60 530.02 2/1/27 A S P 119,000 B
405254 1132 CARPENTIER STREET #108 SAN LEANDRO CA 94577 1 102,700.00 9.50 863.56 2/1/27 A C P 158,000 B
405260 1289 78TH AVE OAKLAND CA 94621 1 34,479.00 11.25 334.88 2/1/27 A S P 67,000 B
706978 1224 BARFORD LA PUENTE AREA CA 91745 1 45,413.00 9.75 390.17 2/1/27 A S P 135,000 B
706984 12429 MAGNOLIA STREET EL MONTE CA 91732 1 54,475.00 10.40 494.24 2/1/27 A S P 120,000 B
806153 1742 SPRING STREET MOUNTAIN VIEW CA 94043 1 147,840.00 11.00 1,407.91 1/1/27 A S P 254,000 B
806166 4598 RHAPSODY WAY SAN JOSE CA 95111 1 141,734.00 10.49 1,295.44 2/1/27 A S P 178,000 B
806167 3153 NORWOOD AVE. SAN JOSE CA 95148 1 96,990.00 9.99 850.44 2/1/27 A S P 203,000 B
806174 40861 GAUCHO WAY FREMONT CA 94539 1 154,906.00 9.75 1,330.88 2/1/27 A S P 395,000 B
806177 2051 NOBILI AVE. SANTA CLARA CA 95051 2 28,240.00 15.75 387.60 2/1/17 A S P 229,000 B
1602173 501 GRANDEY WAY NE RENTON WA 98056 1 65,000.00 9.95 568.02 2/1/27 A S P 104,000 B
1602177 3333 S. MT BAKER BLVD SEATTLE WA 98144 1 50,449.00 12.75 548.23 2/1/27 A S P 170,000 B
1602186 3804 S. 176TH ST. SEATTLE WA 98188 1 57,528.00 11.75 580.69 2/1/27 A S P 119,000 B
1602193 527 30TH AVE. EAST SEATTLE WA 98112 1 80,972.00 11.25 786.45 2/1/27 A S P 109,000 B
1602196 6232 NE 154TH ST. BOTHELL WA 98011 1 80,562.00 9.75 692.15 2/1/27 A S P 150,000 B
1702710 1370 SOUTH CODY WAY LAKEWOOD CO 80232 1 90,326.00 10.25 809.41 2/1/27 A S P 129,000 B
1702712 4676 SOUTH LINCOLN STREET ENGLEWOOD CO 80110 1 62,343.00 9.75 535.62 2/1/27 A S P 106,000 B
1802660 1920 N. HERMITAGE AVENUE CHICAGO IL 60622 1 124,944.38 8.99 1,015.28 8/1/26 A F P 169,000 B
1802970 9255 S. JUSTINE STREET CHICAGO IL 60620 1 55,597.00 11.75 561.20 2/1/27 A S P 75,000 B
1901844 450 SW 62 AVE MIAMI FL 33144 1 80,472.00 11.00 914.64 2/1/12 A S P 143,000 B
1901845 4041 NW 198 ST OPA LOCKA FL 33055 1 60,367.00 11.75 609.35 2/1/27 A S P 89,000 B
1901847 11132 NW 59TH PLACE HIALEAH FL 33012 1 75,096.00 10.50 686.93 2/1/27 A S P 117,000 B
1901858 1650 SW 17 TERR MIAMI FL 33145 1 34,969.00 10.25 313.36 2/1/27 A S P 98,000 B
2201449 4736 W. SHAKESPEARE CHICAGO IL 60639 1 73,013.00 9.75 627.29 2/1/27 A F P 110,000 B
2201450 365 STONEYBROOK COURT ALGONQUIN IL 60102 1 118,283.00 10.00 1,038.02 2/1/27 A S P 167,000 B
2201451 1719 N. MELVINA AVE. CHICAGO IL 60639 1 72,043.00 9.75 618.96 2/1/27 A S P 116,000 B
2500108 23917 KNICKERBOCKER ROAD BAY VILLAGE OH 44140 1 43,348.00 11.25 499.52 2/1/12 A S P 115,000 B
2700197 2596 W 12270 S RIVERTON UT 84065 1 80,000.00 9.75 687.32 2/1/27 A S P 145,000 B
2700199 4166 S 650 E MURRAY UT 84107 1 74,422.00 10.25 993.82 2/1/07 A C P 180,000 B
2700200 65 W 1900 S BOUNTIFUL UT 84010 1 70,328.00 9.49 590.84 2/1/27 A S P 128,000 B
2700202 2862 S 800 E SALT LAKE CITY UT 84106 1 80,433.00 9.75 691.04 2/1/27 A S P 135,000 B
2800813 1806 67TH AVENUE OAKLAND CA 94621 1 82,400.00 9.95 720.08 1/1/27 A S I 125,000 B
2800874 9101 BIRDSONG COURT SACRAMENTO CA 95826 1 80,000.00 10.25 716.88 2/1/27 A S P 105,000 B
2800894 2213 SANTA CRUZ DRIVE FAIRFIELD CA 94533 1 77,970.00 12.25 817.04 1/1/27 A S P 113,000 B
2800914 1324 HERRINGTON AVENUE SAN BERNARDINO CA 92411 1 58,982.00 11.95 604.43 1/1/27 A S P 88,000 B
2800922 18 CORTE DEL SOL MARTINEZ CA 94553 1 109,900.00 10.99 1,045.77 1/1/27 A S P 173,000 B
2800937 2060 EARL STREET SAN DIEGO CA 92113 1 67,490.00 9.75 579.84 2/1/27 A S P 100,000 B
2800940 2165 S TROY ST ANAHEIM CA 92802 1 72,356.00 9.75 621.65 2/1/27 A S P 143,000 B
2800942 5411 31ST AVE S SEATTLE WA 98108 1 72,310.00 10.75 675.00 2/1/27 A S P 124,000 B
2800953 1130 JACK LONDON DRIVE VALLEJO CA 94589 1 83,221.00 9.75 715.00 2/1/27 A S P 116,000 B
2800974 4885 CLARET CT OAKLEY CA 94561 1 100,268.00 10.25 898.50 2/1/27 A S P 128,000 B
2900292 4913 CATHARINE ST PHILADELPHIA PA 19143 1 22,691.09 13.25 255.51 12/1/26 A S P 56,000 B
2900333 626 TRIMBLE BLVD BROOKHAVEN PA 19015 1 86,233.00 11.00 821.22 1/1/27 A S P 133,000 B
2900368 2652 PARIS AVE TREVOSE PA 19053 1 51,979.00 11.25 504.85 2/1/27 A S P 97,000 B
3100167 119 JEFFERSON AVENUE RIVER EDGE NJ 07661 1 118,222.27 9.62 1,004.93 12/1/26 A S P 220,000 B
3100199 49 VALENTINE RD BLOOMFIELD NJ 07003 1 100,017.00 10.25 896.25 1/1/27 A S P 145,000 B
3100213 69 MONTGOMERY PL BELLEVILLE NJ 07109 1 65,126.00 9.75 559.53 1/1/27 A S P 142,000 B
3200071 750 CLOCKS BLVD MASSAPEQUA NY 11758 1 63,307.62 11.25 615.09 12/1/26 A S I 113,000 B
3200124 133 NORTHERN BLVD SHIRLEY NY 11967 1 51,889.00 10.99 589.44 1/1/12 A S P 80,000 B
3200133 69 LINCOLN ROAD HEMPSTEAD NY 11550 1 77,477.00 10.25 844.46 1/1/12 A S P 148,000 B
3200153 53 ALLERS BLVD ROOSEVELT NY 11575 1 53,940.00 10.75 503.52 2/1/27 A S P 108,000 B
3300024 1812 CORNELIA STREET RIDGEWOOD NY 11385 1 20,972.00 11.75 248.34 2/1/12 A F P 152,000 B
3300027 34 MONROE STREET BROOKLYN NY 11238 1 69,836.00 9.75 600.00 2/1/27 A S P 135,000 B
3300028 40-09 208TH STREET BAYSIDE NY 11361 1 125,115.00 9.75 1,074.93 2/1/27 A F P 291,000 B
8300898 5377 SOUTH 2425 WEST ROY UT 84067 1 46,000.00 8.99 369.80 1/1/27 A S P 92,000 A
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL FIXED RATE LOANS 57 4,204,921.36
</TABLE>
<PAGE>
EXHIBIT B
SCHEDULE-GROUP II (ADJUSTABLE)
<TABLE>
<CAPTION>
LOAN LIEN CUT-OFF CURRENT CURRENT
NUMBER PROPERTY ADDRESS CITY ST ZIP POS BALANCE RATE PMT
- ------ ---------------- ---- -- --- ---- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
106007 617 N ROSITA ST SANTA ANA CA 92703 1 93,571.00 7.49 866.88
304034 1800 N CAMINO CENTROLOMA FULLERTON CA 92833 1 203,138.00 7.75 1,455.31
304098 2720 EAST BROADWAY LONG BEACH CA 90803 1 79,834.00 8.74 627.48
304108 2019 GARNER STREET LOMITA CA 90717 1 63,613.00 8.25 477.90
304113 8029 COLE STREET DOWNEY CA 90242 1 173,665.00 8.99 1,396.10
304117 13124 SPINNING AVENUE GARDENA CA 90249 1 97,975.00 9.75 841.76
405236 629 LAKEVIEW AVENUE SAN FRANCISCO CA 94112 1 69,083.00 13.25 777.72
405255 124 GARY CIRCLE VALLEJO CA 94592 1 35,739.00 9.75 307.05
405261 25044 PANITZ STREET HAYWARD CA 94541 1 54,893.00 7.49 383.44
405262 1459 45TH AVENUE OAKLAND CA 94601 1 47,227.00 13.25 531.67
405266 4395 BODEGA AVE PETALUMA CA 94952 1 92,724.00 11.25 900.59
405267 808 CAMELIA STREET BERKELEY CA 94710 1 56,586.00 9.25 465.52
405271 178 VICTORIA STREET SAN FRANCISCO CA 94132 1 90,441.00 10.75 844.25
405274 26482 CASCADE STREET HAYWARD CA 94544 1 115,491.00 9.75 992.25
405281 952 ORDWAY STREET ALBANY CA 94706 1 135,969.00 8.75 1,069.67
505402 5724 BECK AVENUE LOS ANGELES CA 91601 1 77,011.00 7.49 537.94
706982 3229 CASTALIA AVENUE LOS ANGELES CA 90032 1 57,531.00 10.25 515.54
706985 9651 WAMPLER STREET PICO RIVERA CA 90660 1 99,744.00 9.25 820.57
706988 1134 Kwis Avenue La Puente CA 91745 1 80,440.00 8.75 632.82
806148 2539 AMARYL CT. SAN JOSE CA 95132 1 163,897.00 8.74 1,288.21
806158 98 CLAREVIEW AVE. SAN JOSE CA 95127 1 161,230.00 7.49 1,126.24
806162 2202-204 DOBERN AVE SAN JOSE CA 95116 1 143,820.00 7.24 980.13
806164 1669 WESTHAVEN DRIVE SAN JOSE CA 95132 1 70,176.00 8.75 552.07
806180 736 CITRON AVE. SUNNYVALE CA 94087 1 140,350.00 7.49 980.39
806185 2469 SHERLOCK DR. SAN JOSE CA 95121 1 147,526.00 7.49 1,030.51
806186 2234 PULGAS AVE. E. PALO ALTO CA 94303 1 106,583.00 10.25 955.09
806192 118 MEIDL AVE. WATSONVILLE CA 95076 1 99,033.00 10.25 887.44
1602176 6112 120TH ST SW TACOMA WA 98499 1 62,505.00 8.49 480.17
1602182 10317 32ND AVE NE SEATTLE WA 98125 1 70,004.00 7.95 511.23
1602185 22232 91ST AVE W EDMONDS WA 98026 1 86,273.00 11.25 837.94
1602190 3316 "L" STREET VANCOUVER WA 98663 1 68,590.00 8.49 526.91
1602199 6057 5TH AVE. NW SEATTLE WA 98107 1 121,204.00 9.99 1,062.76
1702699 366 SOUTH KEARNEY STREET DENVER CO 80224 1 79,521.00 9.25 654.20
1702705 6078 SOUTH WINDERMERE WAY LITTLETON CO 80120 1 113,990.00 8.25 856.37
1702706 6060 WOLFF STREET ARVADA CO 80003 1 80,956.00 7.49 565.50
1702707 2976 BELLAIRE STREET DENVER CO 80207 1 66,001.00 7.49 461.04
1802938 810 N. WILLOW ROAD ELMHURST IL 60126 1 76,150.00 8.75 599.07
1802944 10018 S. MAY STREET CHICAGO IL 60643 1 63,806.00 8.49 490.16
1802957 2309 S. 15TH AVENUE BROADVIEW IL 60153 1 60,565.00 7.49 423.06
1802969 163 BERKLEY AVENUE ELMHURST IL 60126 1 20,278.00 8.99 163.02
1802972 3459 S. LEAVITT STREET CHICAGO IL 60608 1 66,849.00 8.75 525.90
1802976 904 CANONERO DRIVE NAPERVILLE IL 60540 1 85,009.00 9.75 730.36
1802979 17812 TURTLECREEK DRIVE HOMEWOOD IL 60430 1 109,877.99 7.49 767.53
1802981 9931 S. 87TH AVENUE PALOS HILLS IL 60465 1 24,555.00 7.49 171.52
1803002 15157 SPRINGFIELD MIDLOTHIAN IL 60445 1 77,972.00 8.40 594.02
1901851 8301 SW 99 CT MIAMI FL 33173 1 39,449.00 10.25 353.50
1901853 3769 SW 27 LN MIAMI FL 33134 1 67,908.00 10.12 734.74
1901854 14770 SW 144 TERRACE MIAMI FL 33196 1 98,586.00 13.25 1,109.86
1901863 7910 SW 23 STREET MIAMI FL 33155 1 98,578.00 7.99 722.64
2101592 2311 NW 119TH ST VANCOUVER WA 98685 1 85,697.00 8.99 688.92
2101595 2405 SE CLINTON ST PORTLAND OR 97202 1 71,240.00 7.99 680.40
2101596 2016 SE 137TH CT VANCOUVER WA 98683 1 82,586.00 7.99 605.41
2101599 12722 SE RACHELLA CT BORING OR 97009 1 35,629.00 10.75 399.38
2101601 7626 SE MADISON STREET PORTLAND OR 97215 1 39,948.00 9.25 328.64
2101602 16436 SE LINCOLN STREET PORTLAND OR 97233 1 75,171.00 7.49 525.09
2101604 16709 NE 142ND AVE BRUSH PRARIE WA 98606 1 69,493.00 9.25 571.70
2101606 5435 SE 45TH AVE PORTLAND OR 97206 1 37,292.00 8.49 286.48
2101607 760 NE COCHRAN AVE GRESHAM OR 97030 1 82,113.00 8.99 660.11
2101608 6833 NE 29TH AVE PORTLAND OR 97211 1 57,495.00 9.75 493.97
2101612 1584 SE LAMBERT STREET PORTLAND OR 97202 1 106,490.00 7.99 780.64
2101613 2001 LIBRA ST NEWBERG OR 97132 1 70,000.00 8.99 562.73
2101614 4200 OLD GATE ROAD LAKE OSWEGO OR 97034 1 79,229.00 7.49 553.44
2101617 223 SE 22ND AVE PORTLAND OR 97214 1 68,876.00 7.99 504.91
2101618 17141 SE PAGODA CT MILWAUKIE OR 97267 1 115,990.00 7.59 818.18
2101620 4041 SW KANAN DR PORTLAND OR 97221 1 55,643.00 12.00 572.35
2101621 11009 SE 28TH AVE MILWAUKIE OR 97222 1 72,269.00 9.75 620.90
2201446 3 BEECHWOOD CT. WEST BUFFALO GROVE IL 60089 1 77,382.00 10.99 879.04
2201455 4153 W. ROSCOE CHICAGO IL 60641 1 50,516.00 8.75 397.41
2201464 1162 LOMOND DRIVE MUNDELEIN IL 60060 1 23,519.00 7.49 279.05
2201467 522 E. LINCOLN ST. PALATINE IL 60067 1 32,271.00 7.49 225.42
2201470 397 POPLAR DR WHEELING IL 60090 1 89,590.00 11.99 920.84
2401393 10327 S.W. 50TH COURT COOPER CITY FL 33328 1 48,759.00 7.99 465.68
2401399 8502 N.W. 20TH COURT CORAL SPRINGS FL 33071 1 70,490.00 7.29 482.78
2401402 9701 N.W. 11TH STREET PLANTATION FL 33322 1 122,220.00 7.99 895.96
2401408 7111 TYLER STREET HOLLYWOOD FL 33024 1 48,116.00 9.75 509.72
2500127 223 OVERLOOK ROAD PAINESVILLE OH 44077 1 57,047.00 7.49 398.49
<CAPTION>
MAT PMT PROP OCCUP APPRAISED ORIG
DATE TYPE TYPE TYPE VALUE TYPE
- ---- ---- ---- ----- --------- ----
<C> <C> <C> <C> <C> <C>
2/1/12 A S P 135,000 B
12/1/26 A S P 255,000 B
2/1/27 A S P 155,000 B
2/1/27 A S P 205,000 B
2/1/27 A S P 290,000 B
3/1/27 A S P 153,000 B
1/1/27 A S P 182,000 B
2/1/27 A S I 84,000 B
2/1/27 A S P 128,000 B
2/1/27 A S P 123,000 B
2/1/27 A S P 216,000 B
2/1/27 A S P 146,000 B
2/1/27 A S P 182,000 B
2/1/27 A S P 154,000 B
3/1/27 A S P 292,000 B
2/1/27 A S P 150,000 B
2/1/27 A S P 92,000 B
2/1/27 A S P 135,000 B
2/1/27 A S P 135,000 B
1/1/27 A S P 205,000 B
1/1/27 A S P 215,000 B
1/1/27 A F P 180,000 B
2/1/27 A S P 240,000 B
2/1/27 A S P 308,000 B
3/1/27 A S P 219,000 B
3/1/27 A S P 162,000 B
3/1/27 A S P 169,000 B
2/1/27 A S P 125,000 B
2/1/27 A S P 132,000 B
2/1/27 A S P 151,000 B
2/1/27 A S P 98,000 B
2/1/27 A S P 187,000 B
1/1/27 A S P 132,000 B
2/1/27 A S P 152,000 B
2/1/27 A S P 108,000 B
2/1/27 A S P 120,000 B
1/1/27 A S P 140,000 B
1/1/27 A S P 85,000 B
2/1/27 A S P 108,000 B
2/1/27 A S P 130,000 B
2/1/27 A S P 103,000 B
2/1/27 A S P 201,000 B
2/1/27 A S P 163,000 B
2/1/27 A S P 189,000 B
3/1/27 A S P 117,000 B
2/1/27 A S P 112,000 B
2/1/12 A S P 108,000 B
2/1/27 A S P 154,000 B
2/1/27 A S P 154,000 B
1/1/27 A S P 130,000 B
1/1/12 A S P 95,000 B
1/1/27 A S P 135,000 B
2/1/12 A S P 157,000 B
2/1/27 A S I 91,000 B
2/1/27 A S P 122,000 B
2/1/27 A S P 107,000 B
2/1/27 A S P 102,000 B
2/1/27 A S P 145,000 B
2/1/27 A S I 127,000 B
2/1/27 A S P 158,000 B
2/1/27 A S P 116,000 B
2/1/27 A S P 162,000 B
2/1/27 A S P 135,000 B
2/1/27 A S P 145,000 B
2/1/27 A S P 121,000 B
2/1/27 A S P 130,000 B
2/1/12 A S P 196,000 B
2/1/27 A S P 104,000 B
2/1/07 A S P 134,000 B
2/1/27 A S P 146,000 B
2/1/27 A P P 128,000 B
1/1/12 A S P 135,000 B
1/1/27 A S P 153,000 B
2/1/27 A S P 220,000 B
2/1/12 A S P 95,000 B
2/1/27 A S P 142,000 B
</TABLE>
Page 1
<PAGE>
EXHIBIT B
LOAN SCHEDULE-GROUP II (ADJUSTABLE)
<TABLE>
<CAPTION>
LOAN LIEN CUT-OFF CURRENT CURRENT
NUMBER PROPERTY ADDRESS CITY ST ZIP POS BALANCE RATE PMT
- ------ ---------------- ---- -- --- ---- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2500134 3280 RHAPSODY LANE CLINTON OH 44216 1 36,106.00 7.99 264.68
2500137 2162 TOWNLINE ROAD MADISON OH 44057 1 61,888.00 8.99 497.52
2500138 315 PROSPECT STREET BEREA OH 44017 1 46,486.00 7.99 443.98
2600290 3926 E. ANDORRA DR. PHOENIX AZ 85032 1 74,240.00 7.99 544.23
2600295 6314 N 86TH ST SCOTTSDALE AZ 85250 1 40,686.00 8.75 406.64
2700198 223 EAST 8TH AVENUE SALT LAKE CITY UT 84103 1 76,680.00 7.99 562.12
2800884 225 WILLARD PLACE WESTMONT IL 60559 1 32,000.00 10.75 298.71
2900309 28849 CONEJO VIEW DRIVE AGOURA HILLS CA 91301 1 79,138.00 9.95 691.57
2900348 2159 HILL CAMP ROAD POTTSTOWN PA 19465 1 46,200.00 7.25 421.74
2900356 727 BUTTONWOOD STREET NORRISTOWN PA 19401 1 100,732.00 7.99 738.43
2900363 6313 FAIRFIELD DR FLOURTOWN PA 19031 1 108,431.00 9.95 947.56
2900364 69 WEST CENTRAL AVENUE PAOLI PA 19301 1 24,619.00 12.50 262.75
2900370 37 SCARLET AVE ASTON PA 19014 1 66,436.00 8.49 510.36
2900375 793 DUNWOODY DRIVE SPRINGFIELD PA 19064 1 65,213.00 8.99 524.25
2900380 123, 125, 127 FORD ST WEST CONSHOHOCKEN PA 19428 1 53,321.00 9.75 458.11
2900385 2943 W. CAMBRIDGE ST PHILADELPHIA PA 19130 1 43,806.00 8.49 336.52
2900389 804 OAK TREE RD KENNETT SQUARE PA 19348 1 101,677.00 8.75 799.89
3100175 63 CHEROKEE AVENUE ROCKAWAY NJ 07866 1 97,109.00 7.79 698.39
3100182 31 HAY AVE NUTLEY NJ 07110 1 84,463.00 8.50 649.45
3100196 35 WALDO AVE BLOOMFIELD NJ 07003 1 84,733.00 8.74 665.99
3100200 9 WHIPPOORWILL LN ROCKAWAY NJ 07866 1 48,187.00 9.25 396.42
3100210 180 SPRINGDALE AVE EAST ORANGE NJ 07017 1 23,932.00 10.75 223.40
3100212 30 CEDAR STREET NUTLEY NJ 07110 1 61,863.00 8.75 486.68
3100214 245 LITTLE STREET BELLEVILLE NJ 07109 1 35,589.00 11.25 345.66
3100217 302 4TH STREET JERSEY CITY NJ 07302 1 76,713.00 9.24 630.54
3100225 63 UNION AVE MAPLEWOOD NJ 07040 1 82,288.00 8.75 647.36
3100227 198 LITTLE ST BELLEVILLE NJ 07109 1 78,216.00 9.25 643.46
3100233 33 RICHWOOD PL DENVILLE NJ 07834 1 80,502.00 13.25 906.27
3100237 276 MORSE AVE WYCKOFF NJ 07481 1 179,342.00 8.25 1,347.34
3100238 8 HARDING TERRACE KEARNY NJ 07032 1 67,388.00 9.75 578.97
3100244 425 NEW YORK AVE JERSEY CITY NJ 07307 1 95,175.00 8.49 731.14
3100248 22 OAK CREST PLACE NUTLEY NJ 07110 1 166,698.00 8.99 1,340.09
3100254 74 GLENSIDE TRAIL SPARTA NJ 07871 1 107,160.00 9.25 881.58
3100262 172 BURNET PL. WOOD RIDGE NJ 07075 1 23,050.00 8.49 177.07
3100272 95 SEMINOLE AVE OAKLAND NJ 07436 1 109,566.00 8.49 841.69
3200080 3733 COLLECTOR LANE BETHPAGE NY 11714 1 85,445.00 9.75 734.10
3200081 54 CHAPEL HILL DRIVE BRENTWOOD NY 11717 1 70,979.00 9.75 609.82
3200088 359 SO. BROOKSIDE AVENUE FREEPORT NY 11520 1 46,210.00 13.25 520.22
3200106 90 PENNY STREET WEST ISLIP NY 11795 1 26,894.00 10.75 251.05
3200108 7 TRANQUIL CT BAYPORT NY 11705 1 80,900.00 9.25 665.54
3200112 186 4 TH. AVENUE WEST BABYLON NY 11704 1 110,980.00 8.25 833.76
3200122 19 JEFFERSON AVE AMITYVILLE NY 11701 1 56,504.00 9.75 485.46
3200128 190 NORTH CENTRE AVE ROCKVILLE CENTRE NY 11570 1 56,270.00 11.75 567.99
3200136 221 LONG BEACH RD HEMPSTEAD NY 11550 1 107,090.00 9.49 899.69
3200138 266 RAYMOND STREET ROCKVILLE CENTRE NY 11570 1 61,629.00 10.25 552.26
3200147 252 NORTH HILLSIDE AVE VALLEY STREAM NY 11580 1 36,621.00 13.75 426.68
3200150 44 OAK ST DEER PARK NY 11729 1 118,432.00 9.50 995.84
3200151 4 CHRISTOPHER CT DEER PARK NY 11729 1 65,370.00 8.25 491.10
3200159 3105 CAMDEN LA MERRICK NY 11566 1 172,990.00 9.85 1,498.97
3200161 74 CEDAR DR BAY SHORE NY 11706 1 83,529.00 7.49 583.48
3200171 43 SOUTH PARK DRIVE OLD BETHPAGE NY 11804 1 167,828.00 7.99 1,230.29
3200175 11 EMILY ST BAY SHORE NY 11706 1 56,459.00 9.25 464.47
3200176 90 E CARMENS RD FARMINGDALE NY 11735 1 81,263.00 7.99 595.71
3200194 507 COOPER CT UNIONDALE NY 11553 1 62,962.00 8.50 484.12
3200199 114 LINCOLN BOULEVARD MERRICK NY 11566 1 84,979.00 8.99 683.15
3200203 2018 DECKER AVE MERRICK NY 11566 1 168,740.00 8.99 1,356.51
3300004 3304 AVENUE J BROOKLYN NY 11210 1 92,657.00 8.74 728.27
3300005 119-43 196TH STREET JAMAICA NY 11412 1 60,856.00 7.99 446.12
3300007 244 BEACH, 135TH STREET BELLE HARBOR NY 11694 1 183,749.00 9.49 1,543.72
3300034 742 SHEPHERD AVENUE BROOKLYN NY 11208 1 46,354.00 13.25 521.84
3300041 186 LEXINGTON AVENUE BROOKLYN NY 11216 1 74,088.00 8.75 582.85
8300821 530 NORTHWEST WILLAMINA DRIVE WILLAMINA OR 97396 1 42,115.05 8.50 417.04
8300835 3651 S. JOPLIN STREET AURORA CO 80013 1 98,948.68 9.25 814.45
8300846 204 EDWARD AVENUE PITTSBURG CA 94565 1 39,507.17 8.25 388.06
8300865 2947 NORTH MASON AVENUE CHICAGO IL 60634 1 107,250.00 8.25 805.73
8300874 5410 S. 331ST STREET AUBURN WA 98001 1 91,200.00 8.50 701.25
8300879 1410 KATHLEEN WAY ELK GROVE VILLAGE IL 60007 1 92,000.00 8.50 707.40
8300885 1927 WEST BARRY AVENUE CHICAGO IL 60657 1 132,000.00 9.25 1,085.93
8300911 1346 W. 43RD PLACE, UNIT #1 HIALEAH FL 33012 1 59,800.00 10.50 547.01
8300925 17115 E. PACIFIC PLACE AURORA CO 80013 1 75,900.00 8.50 583.61
8300928 31844 NORTH ROUNDHEAD DRIVE SOLON OH 44139 1 123,900.00 8.50 952.68
8300931 630 S. 2ND COURT CORNELIUS OR 97113 1 116,000.00 8.50 891.94
8300933 2870 EAST 3900 SOUTH SALT LAKE CITY UT 84124 1 100,000.00 10.50 914.74
8300939 8324 W. WESTCHESTER AVENUE BOISE ID 83704 1 91,000.00 8.75 715.90
8300965 17380 NW ORCHARD VIEW RD. MCMINNVILLE OR 97128 1 119,600.00 10.25 1,071.74
8300966 25331 STOKES LANE PHILOMATH OR 97370 1 107,000.00 8.25 1,038.05
<CAPTION>
MAT PMT PROP OCCUP APPRAISED ORIG
DATE TYPE TYPE TYPE VALUE TYPE
- ---- ---- ---- ----- --------- ----
<C> <C> <C> <C> <C> <C>
2/1/27 A S P 88,000 B
2/1/27 A S P 110,000 B
2/1/12 A S P 75,000 B
2/1/27 A S P 100,000 B
2/1/12 A S P 146,000 B
2/1/27 A S P 169,000 B
1/1/27 A S I 107,000 B
1/1/27 A P I 107,000 B
2/1/12 A S P 195,000 B
2/1/27 A S P 165,000 B
2/1/27 A S P 160,000 B
2/1/27 A S P 100,000 B
2/1/27 A S P 95,000 B
2/1/27 A S P 181,000 B
2/1/27 A F I 114,000 B
2/1/27 A S P 63,000 B
3/1/27 A S P 230,000 B
1/1/27 A S P 139,000 B
2/1/27 A S P 122,000 B
1/1/27 A S P 170,000 B
1/1/27 A S P 124,000 B
1/1/27 A S I 110,000 B
1/1/27 A S P 175,000 B
1/1/27 A S P 121,000 B
1/1/27 A S P 108,000 B
2/1/27 A S P 190,000 B
2/1/27 A S P 149,000 B
2/1/27 A S P 144,000 B
1/1/27 A S P 284,000 B
2/1/27 A S P 157,000 B
2/1/27 A S P 119,000 B
2/1/27 A S P 223,000 B
2/1/27 A S P 154,000 B
2/1/27 A S P 159,000 B
3/1/27 A S P 215,000 B
1/1/27 A S P 170,000 B
1/1/27 A S P 127,000 B
1/1/27 A S P 140,000 B
2/1/27 A S P 147,000 B
1/1/27 A S P 350,000 B
1/1/27 A S P 146,000 B
1/1/27 A S P 105,000 B
1/1/27 A S P 106,000 B
1/1/27 A S P 153,000 B
1/1/27 A S P 201,000 B
2/1/27 A S P 172,000 B
2/1/27 A S P 156,000 B
2/1/27 A S P 161,000 B
2/1/27 A S P 265,000 B
2/1/27 A S P 112,000 B
2/1/27 A S P 253,000 B
2/1/27 A S P 84,000 B
2/1/27 A S P 116,000 B
2/1/27 A S P 146,000 B
2/1/27 A S P 158,000 B
2/1/27 A S P 225,000 B
1/1/27 A F P 210,000 B
2/1/27 A S P 151,000 B
2/1/27 A S P 300,000 B
2/1/27 A F P 90,000 B
2/1/27 A S P 114,000 B
11/1/11 A S P 77,000 A
11/1/26 A S P 132,000 A
11/1/11 A S P 75,000 A
12/1/26 A S P 143,000 A
12/1/26 A S P 114,000 A
12/1/26 A S P 164,000 A
12/1/26 A S P 176,000 A
1/1/27 A C P 92,000 A
1/1/27 A S P 124,000 A
1/1/27 A S P 173,000 A
1/1/27 A S P 145,000 A
1/1/27 A S P 175,000 A
1/1/27 A S P 127,000 A
1/1/27 A S P 184,000 A
1/1/12 A S P 260,000 A
</TABLE>
Page 2
<PAGE>
EXHIBIT B
LOAN SCHEDULE-GROUP II (ADJUSTABLE)
<TABLE>
<CAPTION>
LOAN LIEN CUT-OFF CURRENT CURRENT
NUMBER PROPERTY ADDRESS CITY ST ZIP POS BALANCE RATE PMT
- ------ ---------------- ---- -- --- ---- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
8300989 2531 MEADE CIRCLE COLORADO SPRINGS CO 80907 1 73,000.00 8.50 561.31
8300999 1000 MAPLE STREET CONSHOHOCKEN BOROUGH PA 19428 1 164,500.00 8.99 1,322.42
TOTAL VARIABLE RATE LOANS: 154 12,674,119.89
<CAPTION>
MAT PMT PROP OCCUP APPRAISED ORIG
DATE TYPE TYPE TYPE VALUE TYPE
- ---- ---- ---- ----- --------- ----
<C> <C> <C> <C> <C> <C>
1/1/27 A S P 131,000 A
1/1/27 A F P 235,000 A
</TABLE>
Page 3
