FIRST MORTGAGE CORP /UT/
NT 10-K, 1999-05-27
ASSET-BACKED SECURITIES
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Commission                        UNITED STATES
File Number            SECURITIES AND EXCHANGE COMMISSION
33-2749                      Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

 X  Form 10-K      Form 20-F       Form 11-K      Form 10-Q      Form N-SAR
- ---           ----            -----          -----           -----

     For Period Ended:   February 28,1999
                         ----------------
     (    )    Transition Report on 10-K
     (    )    Transition Report on 20-F
     (    )    Transition Report on 11-K
     (    )    Transition Report on 10-Q
     (    )    Transition Report on N-SAR
     For the Transition Period Ended :  --------------------------------------

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates.
____________________________________________________________________
____________________________________________________________________

PART I - REGISTRANT INFORMATION

First Mortgage Corporation
____________________________________________________________________
Full Name of Registrant

Not Applicable
_____________________________________________________________________
Former Name if Applicable

257 East 200 South, Suite 950
_____________________________________________________________________
Address of Principal Executive Office (Street and Number)

Salt Lake City, Utah 84111
_____________________________________________________________________
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could be filed without unreasonable effort or expense and
the registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate).

 (a)    The reasons described in reasonable detail in Part III of this
        form could not be eliminated without unreasonable effort of
        expense;
 X      (b)     The subject annual report, semi-annual report, transition report
                on Form 10-K, Form 20-F, 11-K, Form N-SAR, of portion thereof,
                will be filed on or before the fifteenth calendar day
- -----           following the prescribed due date; or the subject quarterly
(Check)         report of transition report on Form 10-Q, or portion thereof
                will be filed on or before the fifth calendar day following the
                prescribed due date; and
 (c)    The accountant's statements or other exhibit required by Rule
        12b-25(c) has been attached if applicable.

PART III - NARRATIVE

 Accountant has been unavailable due to family emergency.


PART IV- OTHER INFORMATION

(1)     Name and telephone number of person to contact in regard to this
notification

 William S. Greaves              801             363-7663
_____________________________  ___________    ______________________
        (Name)                 (Area Code)    (Telephone Number)

(2)     Have all other periodic reports required under Section 13 or 15(b)
        of the Securities and Exchange Act of 1934 or Section 30 or the
        Investments Company Act of 1940 during the preceding 12 months (or
        for such shorter) period that the Registrant was required to file
        such reports) been filed?  If answer is no, identify report(s).

                                                  X     Yes           No
                                              --------       --------
____________________________________________________________________________

(3)     Is it anticipated that any significant change in results of
        operations from the corresponding period for the last fiscal year
        will be reflected by the earnings statements to be included in the
        subject report or portion thereof?
                                                       Yes       X    No
                                              --------       --------
______________________________________________________________________

If no, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
______________________________________________________________________________

                           First Mortgage Corporation
       __________________________________________________________________
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

     May 27, 1999             /s/  William S. Greaves
Date:_______________      By: ___________________________________
                               William S. Greaves, President &
                               Principal Executive Officer,
                               Principal Financial & Accounting Officer


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