<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 20, 1999
--------------------
First Alliance Mortgage Company
on behalf of
First Alliance Mortgage Loan Trust 1999-1
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(Exact name of registrant as specified in its charter)
New York 333-44585-06 52-2154824
- ---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
c/o Norwest Bank Minnesota, N.A.
as Trustee
Sixth Street and Marquette Avenue
Minneapolis, MN 55479
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(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 667-1234
Not Applicable
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(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
Information relating to the distributions to Certificateholders for the
September 1999 Monthly Period of the Trust in respect of the First Alliance
Mortgage Loan Asset Backed Certificates, Series 1999-1, Class A (the
"Certificates") issued by the Registrant and the performance of the Trust
(including distributions of principal and interest, delinquent balances of
Mortgage Loans, and the subordinated amount remaining), together with certain
other information relating to the certificates, is contained in the Monthly
Report for the Monthly Period provided to certificateholders pursuant to the
Pooling and Servicing Agreement (the "Agreement") dated as of March 1, 1999
between First Alliance Mortgage Company as Servicer, and Norwest Bank, as
trustee.
Item 7. Exhibit.
Monthly Report for the September 1999 Monthly Period relating to the
First Alliance Mortgage Loan Asset Backed Certificates Series 1999-1, Class A
issued by the First Alliance Mortgage Loan Trust 1999-1.
<PAGE>
- --------------------------------------------------------------------------------
FIRST ALLIANCE MORTGAGE COMPANY
MORTGAGE LOAN ASSET BACKED NOTES
SERIES 1999-1
================================================================================
DISTRIBUTION: 20-Sep-99
<TABLE>
<CAPTION>
====================================================================================================================================
ORIGINAL BEGINNING ENDING
CLASS NOTE NOTE PRINCIPAL INTEREST TOTAL CERTIFICATE
BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 85,000,000.00 77,409,401.54 1,954,094.99 430,912.34 2,385,007.33 75,455,306.55
A-2 30,000,000.00 27,425,387.43 907,322.43 132,546.52 1,039,868.95 26,518,065.00
R 0.00 0.00 0.00 0.00 0.00 0.00
OC 1,002.27 1,068,594.61 0.00 0.00 0.00 1,272,618.83
====================================================================================================================================
TOTALS 115,001,002.27 105,903,383.58 2,861,417.42 563,458.86 3,424,876.28 103,245,990.38
====================================================================================================================================
</TABLE>
<TABLE>
Principal Distribution Factors Statement
<CAPTION>
====================================================================================================================================
ORIGINAL BEGINNING SCHEDULED UNSCHEDULED ENDING ENDING TOTAL TOTAL
CLASS FACE CERTIFICATE PRINCIPAL PRINCIPAL REALIZED CERTIFICATE CERTIFICATE PRINCIPAL PRINCIPAL
BALANCE BALANCE DISTRIBUTION DISTRIBUTION ACCERTION LOSS (3) BALANCE PERCENTAGE REDUCTION DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 85,000,000.00 910.69884165 0.00000000 22.98935282 0.00000000 0.00000000 887.70948882 0.88770949 22.98935282 22.98935282
A-2 30,000,000.00 914.17958100 0.00000000 30.24408100 0.00000000 0.00000000 883.93550000 0.88393550 30.24408100 30.24408100
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 1,002.27 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1269.73652808 0.00000000 0.00000000
====================================================================================================================================
</TABLE>
<TABLE>
Interest Distribution Factors Statement
<CAPTION>
====================================================================================================================================
PAYMENT OF
ORIGINAL CURRENT BEGINNING CURRENT Unpaid CURRENT NON-SUPPORTED ENDING TOTAL
CLASS FACE CERTIFICATE CERTIFICATE/ ACCRUED INTEREST INTEREST INTEREST REALIZED CERTIFICATE/ INTEREST
BALANCE RATE NOTIONAL BAL. INTEREST SHORTFALL SHORTFALL SHORTFALL LOSSES NOTIONAL BAL DISTRIBUTION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 85,000,000.00 6.68000% 910.69884165 5.06955694 0.00000000 0.00000000 0.00000000 0.00000000 887.70948882 5.06955694
A-2 30,000,000.00 5.61250% 914.17958100 4.41821733 0.00000000 0.00000000 0.00000000 0.00000000 883.93550000 4.41821733
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 1,002.27 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
====================================================================================================================================
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
FIRST ALLIANCE MORTGAGE COMPANY
MORTGAGE LOAN ASSET BACKED NOTES
SERIES 1999-1
================================================================================
<TABLE>
DELINQUENCY STATUS
<CAPTION>
Percentage Delinquent
Base On
Current Unpaid
Number Principal Number of Unpaid Balance
Group of Loans Balance Loans
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
I 30 Days 3 306,472.58 0.324% 0.401%
60 Days 4 365,486.13 0.431% 0.479%
90+ Days 4 212,805.92 0.431% 0.279%
Foreclosure 10 775,367.74 1.079% 1.015%
Bankruptcy 4 281,700.23 0.431% 0.369%
REO 0 0.00 0.000% 0.000%
----------------------------------------------------------------------------------------------------
Totals 25 1,941,832.60 2.697% 2.542%
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
II 30 Days 3 438,260.00 1.255% 1.631%
60 Days 1 232,789.56 0.418% 0.866%
90+ Days 4 451,092.37 1.674% 1.679%
Foreclosure 7 867,858.84 2.929% 3.230%
Bankruptcy 0 0.00 0.000% 0.000%
REO 0 0.00 0.000% 0.000%
----------------------------------------------------------------------------------------------------
Totals 15 1,990,000.77 6.276% 7.407%
----------------------------------------------------------------------------------------------------
</TABLE>
Current Period Realized Loss 0.00
Cumulative Realized Losses 7,675.41
Current Period Class A Insufficient Funds
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
Group 1 2
---------------------- --------------------
Subordinate Amount 923,031.28 349,587.55
Subordinate Reduction Amount - -
Required Subordinate Amount 1,275,000.00 975,000.00
Subordinate Increase Amount 499,889.07 681,516.32
Extra Principal Distribution Amount 147,920.39 56,103.91
Excess Cash Amount 147,920.39 56,103.91
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COLLATERAL STATEMENT
---------------------------------------------------------------
Beginning Scheduled Collateral Balance 105,903,383.58
Ending Scheduled Collateral Balance 103,245,990.38
Scheduled Principal Group I 76,561.83
Scheduled Principal Group II 21,977.98
Unscheduled Principal Group I 1,729,612.81
Unscheduled Principal Group II 829,240.58
---------------------------------------------------------------
<PAGE>
SIGNATURE
---------
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.
First Alliance Mortgage Loan Trust 1999-1
-----------------------------------------
(Registrant)
By: First Alliance Mortgage Company
---------------------------------------
(Servicer)
Date: September 24, 1999 By: /S/ Francisco Nebot
------------------ ---------------------------------------
Name: Francisco Nebot
-------------------------------------
Executive Vice President
Title: and Chief Financial Officer
------------------------------------
