SUPERIOR BANK FSB
8-K, 1997-04-16
ASSET-BACKED SECURITIES
Previous: MEDICALCONTROL INC, S-3, 1997-04-16
Next: MUNICIPAL ADVANTAGE FUND INC, PRES14A, 1997-04-16





================================================================================

                       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) March 27, 1997


SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of March 1, 1997, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1997-1)


                                SUPERIOR BANK FSB
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


        UNITED STATES                333-24185                 36-1414142
- ----------------------------        -----------          ---------------------
(State or Other Jurisdiction        (Commission            (I.R.S. Employer
     of Incorporation)              File Number)         Identification Number)


   ONE LINCOLN CENTRE
Oakbrook Terrace, Illinois                                      60181
- --------------------------                                    ---------
  (Address of Principal                                       (Zip Code)
   Executive Offices)


       Registrant's telephone number, including area code (708) 916-4000
                                                          --------------

================================================================================


<PAGE>

                                      -2-

Item 2.  ACQUISITION OR DISPOSITION OF ASSETS

Description of the Certificates, Sub-Pool 1 and Sub-Pool 2

     On March 20, 1997, a single series of certificates, entitled AFC Mortgage
Loan Asset Backed Certificates, Series 1997-1 (the "Certificates") were issued
pursuant to a pooling and servicing agreement (the "Agreement"), dated as of
March 1, 1997, among Superior Bank FSB, as depositor (the "Depositor"), Lee
Servicing Company, a division of Superior Bank FSB, as servicer (the "Servicer")
and LaSalle National Bank, as trustee (the "Trustee").

     On March 27, 1997, following the closing of the initial issuance of the
Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $17,553,283.92 with respect to Sub-Pool 1
with funds on deposit in the Sub-Pool 1 Pre-Funding Account, and $23,921,740.90
with respect to Sub-Pool 2 with funds on deposit in the Sub-Pool 2 Pre-Funding
Account, both established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated March 27, 1997,
between the Depositor and the Trustee (the "March 27 Instrument"). Attached to
the March 27 Instrument is the Mortgage Loan Schedule with respect to each
Sub-Pool listing the related Subsequent Mortgage Loans that are the subject of
such March 27 Instrument.

     Items 3 through 6 and Item 8 are not included because they are not
applicable.

     Item 7. Financial Statements and Exhibits

            (a)   Not applicable

            (b)   Not applicable

            (c)   Exhibits

     4.3 Subsequent Transfer Instrument, dated March 27, 1997, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.


<PAGE>


                                       -3-


                                   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.


                                      SUPERIOR BANK FSB


                                      By: /s/ WILLIAM C. BRACKEN
                                          --------------------------------------
                                          Name:  William C. Bracken
                                          Title: Senior Vice President
                                                 and Chief Financial Officer

Dated:  March 27, 1997



<PAGE>



                                 EXHIBITS TABLE

     4.3 Subsequent Transfer Instrument, dated March 27, 1997, between Superior
Bank FSB as Depositor and LaSalle National Bank as Trustee.






                    SUBSEQUENT TRANSFER INSTRUMENT NUMBER ONE

     Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
March 27, 1997, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1997-1, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of March 1, 1997, among Superior Bank
FSB, as Depositor, Lee Servicing Company, a Division of Superior Bank FSB, as
Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").

     Capitalized terms used and not defined herein have their respective
meanings as set forth in the Pooling and Servicing Agreement.

     Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.

     (a) The Depositor does hereby sell, transfer, assign, set over and convey
to the Trustee, on behalf of the Trust Fund, without recourse, all of its right,
title and interest in and to the Subsequent Mortgage Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans to be delivered pursuant to Section 2.04 of the
Pooling and Servicing Agreement; provided, however that the Depositor reserves
and retains all right, title and interest in and to amounts (including
Prepayments, Curtailments and Excess Payments) due on the Subsequent Mortgage
Loans on or prior to the related Subsequent Cut-off Date. The Depositor,
contemporaneously with the delivery of this Agreement, has delivered or caused
to be delivered to the Trustee or, if a Custodian has been appointed pursuant to
Section 12.12 of the Pooling and Servicing Agreement, to the Custodian each item
set forth in Section 2.04 of the Pooling and Servicing Agreement. The transfer
to the Trustee by the Depositor of the Subsequent Mortgage Loans identified on
the Mortgage Loan Schedule shall be absolute and is intended by the Depositor,
the Servicer, the Trustee and the Certificateholders to constitute and to be
treated as a sale by the Depositor to the Trust Fund.

     (b) The expenses and costs relating to the delivery of the Subsequent
Mortgage Loans, this Instrument and the Pooling and Servicing Agreement shall be
borne by the Depositor.

     (c) Additional terms of the sale are set forth on Attachment A hereto.

                                        1

<PAGE>



     Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.

     (a) The Depositor hereby affirms the representations and warranties set
forth in Section 3.02 of the Pooling and Servicing Agreement that relate to the
Subsequent Mortgage Loans as of the date hereof. The Depositor hereby confirms
that each of the conditions set forth in Section 2.10(b), and as applicable,
Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing Agreement are
satisfied as of the date hereof.

     (b) All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified and confirmed; provided, however, that in the event of any
conflict the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.

     Section 3. RECORDATION OF INSTRUMENT.

     To the extent permitted by applicable law, this Instrument, or a memorandum
thereof if permitted under applicable law, is subject to recordation in all
appropriate public offices for real property records in all of the counties or
other comparable jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Servicer at the
Certificateholders' expense on direction of the related Majority
Certificateholders, but only when accompanied by an Opinion of Counsel to the
effect that such recordation materially and beneficially affects the interests
of the Certificateholders or is necessary for the administration or servicing of
the Mortgage Loans.

     Section 4. GOVERNING LAW.

     This Instrument shall be construed in accordance with the laws of the State
of New York and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws, without giving effect to
principles of conflicts of law.

     Section 5. COUNTERPARTS.

     This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.


                                        2

<PAGE>



     Section 6. SUCCESSORS AND ASSIGNS.

     This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.



                                  SUPERIOR BANK FSB


                                  By: /s/ WILLIAM C. BRACKEN
                                      -----------------------------------
                                      Name:  William C. Bracken
                                      Title: Senior Vice President and
                                             Chief Financial Officer



                                  AFC MORTGAGE LOAN ASSET
                                  BACKED CERTIFICATES, SERIES 1997-1


                                  By: LASALLE NATIONAL BANK,

                                      as Trustee

                                  By: /s/ SHASHANK MISHRA
                                      ------------------------------------
                                      Name:  Shashank Mishra
                                      Title: First Vice President



Attachments

         A.  Additional terms of the sale.
         B.  Schedule of Subsequent Mortgage Loans.
         C.  Opinions of Depositor's counsel (bankruptcy, corporate).
         D.  Depositor's Officer's certificate.
         E.  Opinion of Trustee's Counsel.


                                        3

<PAGE>

<TABLE>

<CAPTION>


           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-1
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
                            NUMBER ONE FOR SUB-POOL 1
                                  Series 1997-1
                                 March 27, 1997
<S>   <C>      <C>                                                                     <C> 
A.

      1.       Subsequent Cut-off Date:                                                March 26, 1997
      2.       Pricing Date:
      3.       Subsequent Transfer Date:                                               March 27, 1997
      4.       Aggregate Principal Balance of the Subsequent                           $17,553,283.92
               Mortgage Loans as of the Subsequent Cut-off Date:
      5.       Purchase Price:                                                                100.00%

B.

      As to all the Subsequent Mortgage Loans the subject of this Instrument:

      1.       Shortest original term to maturity:                                            120 months
      2.       Longest original term to maturity:                                             360 months
      3.       Lowest Mortgage Rate:                                                          9.15%
      4.       Greatest Combined Loan-to-Value Ratio:                                         90.00%
      5.       Largest Principal Balance                                                      $381,500.00

      [As to the final transfer of Subsequent Mortgage Loans:]
      6.       Weighted Average Term since Origination:                                        months
      7.       _____ 1997 first payment date:                                                 -0-
      8.       WAC of all Mortgage Loans:                                                      %
      9.       WAM of all Mortgage Loans:                                                      months
      10.      Maximum Weighted average CLTV:                                                  %
      11.      Balloon Loans:                                                                  %
      12.      Largest Principal Balance:                                                      $
      13.      Non-owner occupied Mortgaged Properties:                                        %
      14.      Maximum zip code concentration:                                                 %
      15.      Condominiums:                                                                   %
      16.      Single-family:                                                                  %
      17.      Multifamily and Mixed Use Properties:                                           %

</TABLE>

                                        4

<PAGE>

<TABLE>

<CAPTION>


           AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-1
                 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
                            NUMBER ONE FOR SUB-POOL 2
                                  Series 1997-1
                                 March 27, 1997
<S>    <C>      <C>                                                                     <C> 
A.

       1.       Subsequent Cut-off Date:                                                March 26, 1997
       2.       Pricing Date:
       3.       Subsequent Transfer Date:                                               March 27, 1997
       4.       Aggregate Principal Balance of the Subsequent
                Mortgage Loans as of the Subsequent Cut-off Date:                       $23,921,740.90
       5.       Purchase Price:                                                                100.00%

B.

       As to all the Subsequent Mortgage Loans the subject of this Instrument:

       1.       Shortest original term to maturity:                                            360 months
       2.       Longest original term to maturity:                                             360 months
       3.       Lowest Mortgage Rate:                                                          3.25%
       4.       Greatest Combined Loan-to-Value Ratio:                                         90.00%
       5.       Largest Principal Balance                                                      $544,000.00

       [As to the final transfer of Subsequent Mortgage Loans:]
       6.       Weighted Average Term since Origination:                                        months
       7.       _____ 1997 first payment date:                                                 -0-
       8.       WAC of all Mortgage Loans:                                                      %
       9.       WAM of all Mortgage Loans:                                                      months
       10.      Maximum Weighted average CLTV:                                                  %
       11.      Balloon Loans:                                                                  %
       12.      Largest Principal Balance:                                                      $
       13.      Non-owner occupied Mortgaged Properties:                                        %
       14.      Maximum zip code concentration:                                                 %
       15.      Condominiums:                                                                   %
       16.      Single-family:                                                                  %
       17.      Multifamily and Mixed Use Properties:                                           %

</TABLE>

                                        5

<PAGE>



                                 ADDITION NOTICE



                                                            Date: March 27, 1997
LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603


          Re:  Pooling and Servicing Agreement, dated as of March 1, 1997,
               between Superior Bank FSB, as seller (the "Depositor"), LaSalle
               National Bank as trustee (the "Trustee") and Lee Servicing
               Company, a division of the Depositor, as servicer, relating to
               AFC Mortgage Loan Asset Backed Certificates, Series 1997-1
               Sub-Pool 1
               -----------------------------------------------------------------

Ladies and Gentlemen:

     Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on March 27, 1997, with an aggregate principal balance of
$17,500,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

     Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.


                                           Very truly yours,

*Approximate
                                           SUPERIOR BANK FSB

                                           By: /s/ JOHN A. SORICELLI
                                               ---------------------------------
                                               Name:  John A. Soricelli
                                               Title: Vice President




ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By: /s/ SHASHANK MISHRA
    ------------------------------
    Name:  Shashank Mishra
    Title: First Vice President
    Date:  March 27, 1997



<PAGE>



                                 ADDITION NOTICE



                                                            Date: March 27, 1997
LaSalle National Bank
135 South LaSalle Street
Chicago, Illinois 60603



          Re:  Pooling and Servicing Agreement, dated as of March 1, 1997,
               between Superior Bank FSB, as seller (the "Depositor"), LaSalle
               National Bank as trustee (the "Trustee") and Lee Servicing
               Company, a division of the Depositor, as servicer, relating to
               AFC Mortgage Loan Asset Backed Certificates, Series 1997-1
               Sub-Pool 2
               ----------------------------------------------------------------

Ladies and Gentlemen:

     Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on March 27, 1997, with an aggregate principal balance of
$23,900,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.

     Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.


                                           Very truly yours,
*Approximate
                                           SUPERIOR BANK FSB
              
                                           By: /s/ JOHN A. SORICELLI
                                               ---------------------------------
                                               Name:  John A. Soricelli
                                               Title: Vice President




ACKNOWLEDGED AND AGREED:

LASALLE NATIONAL BANK

By: /s/ SHASHANK MISHRA
   --------------------------------
   Name:  Shashank Mishra
   Title: First Vice President
   Date:  March 27, 1997



<PAGE>



                              OFFICER'S CERTIFICATE


     I, William Bracken hereby certify that I am the duly elected Senior Vice
President and Chief Financial Officer of Superior Bank FSB, a federally
chartered stock savings bank (the "Depositor"), and further, to the best of my
knowledge and after due inquiry, as follows:

          Each condition precedent specified in Section 2.10(b), Section 2.10(c)
     and Section 2.10(d) for the Subsequent Mortgage Loans of the Pooling and
     Servicing Agreement, dated as of March 1, 1997, among the Depositor, Lee
     Servicing Company, a division of Superior Bank FSB, and LaSalle National
     Bank, as Trustee (the "Pooling and Servicing Agreement") and each condition
     precedent specified in Subsequent Transfer Instrument has been satisfied by
     the Depositor.

     Capitalized terms not otherwise defined herein have the meanings set forth
in the Pooling and Servicing Agreement.

     IN WITNESS WHEREOF, I have hereunto signed my name.


Dated: March 27, 1997                    By: /s/ WILLIAM C. BRACKEN
                                             -----------------------------------
                                             Name:  William C. Bracken
                                             Title: Senior Vice President and
                                                    Chief Financial Officer

<PAGE>

<TABLE>
                                                                                                                   Page 1  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal 
                                                                                                               Zip       Balance at
Sale ID    Account       Name                         Address                         City                St   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------------
  <C>    <S>          <C>                          <C>                             <C>                    <C> <C>         <C>   
  SB56   10266127006  DOERFLEIN THOMAS A           139 MERIDIAN ST.                CINCINNATI             OH  45233       30,000.00
  SB56   10266138281  ENGLE MARSHA                 1266 NEEDHAM DRIVE              VACAVILLE              CA  95687       21,450.00
  SB56   10266138704  HEIN CURT D                  4646 EAST 4100 NORTH            IDAHO FALLS            ID  83401       27,070.00
  SB56   10266139326  TRESCH SR JEFFREY A          749 MAPLEWOOD AVE.              SHEFFIELD LAKE         OH  44054       96,800.00
  SB56   10266139573  ROMERO RICHARD R A           3319 WEST ANTELOPE POINT PLAC   TUCSON                 AZ  85745      112,700.00
  SB56   10266139630  BENNETT RANDY F              646 SOUTH 150 EAST              KAYSVILLE              UT  84037       16,000.00
  SB56   10266139725  GALLEY B WAYNE               318 EAST HUBBARD AVENUE         SALT LAKE CITY         UT  84111       30,000.00
  SB56   10266139739  JOHN JEFFREY ALAN            288 NORTH 100 EAST              RICHMOND               UT  84333       64,125.00
  SB56   10266139890  FERRE RUSSELL TAYLOR         6030 SOUTH SIERRA GRANDE DRIV   SALT LAKE CITY         UT  84118       22,000.00
  SB56   10266139926  RIVE JENNIFER ANNTOINETTE    2425 SOUTH CODY COURT           LAKEWOOD               CO  80227       24,900.00
  SB56   10266140025  TILLMAN JANETTE              6411 SOUTH PARNELL AVENUE       CHICAGO                IL  60621       56,700.00
  SB56   10266140143  KARNEY KEITH S               21584 OAK RIDGE DRIVE           GRASS VALLEY           CA  95945       29,800.00
  SB56   10266140164  WARNER LISA M                2001 WEST 5400 SOUTH            SALT LAKE CITY         UT  84118       35,400.00
  SB56   10266140260  PARSONS ERIN                 951 EAST SECOND AVENUE          SALT LAKE CITY         UT  84103       32,250.00
  SB56   10266140475  SOUVALL HARRY P              2630 E CECIL DRIVE              SALT LAKE CITY         UT  84124       35,000.00
  SB56   10266140755  VAUGHN BENNIE D              35 NORTHWEST 180TH AVENUE       BEAVERTON              OR  97006       36,023.00
  SB56   10266140772  FAHRBACH SAMUEL              1133 NORTH ACACIA ROAD          APACHE JUNCTION        AZ  85219       17,000.00
  SB56   10266140868  GARCIA LAURA T               552-554 EAST ACOMA ROAD         MIDVALE                UT  84047      158,400.00
  SB56   10266140918  YANCEY SARAH M               4183 JEFFERSON                  GARY                   IN  46408       13,000.00
  SB56   10266140938  BOARDMAN JOHN W              830 NORTH GRANT STREET          CANBY                  OR  97013       35,690.00
  SB56   10266141028  FINNERMAN CONSTANCE N        9208 EVERGREEN CANYON DRIVE     LAS VEGAS              NV  89134       50,000.00
  SB56   10266141053  MCMAHAN WILLIAM A            11721 CLIFFORD AVENUE NE        ALBUQUERQUE            NM  87112       28,600.00
  SB56   10266141128  VALDEZ ZACHARY               1984 LOS PADRES BLVD            SANTA CLARA            CA  95050       32,250.00
  SB56   10266141140  HAINES CLAUDE W              5439 WEST WILSHIRE DRIVE        PHOENIX                AZ  85035       51,850.00
  SB56   10266141142  KIEL HYOUNG Y                32324 8TH AVENUE SW             FEDERAL WAY            WA  98023       41,600.00
  SB56   10266141255  PUGMIRE ORIN KEVIN           4343 SOUTH 6000 WEST            WEST VALLEY CITY       UT  84128       20,000.00
  SB56   10266141258  YOUNG MISTI L                1355 NORTH FRANKLIN CIRCLE      HARRISVILLE            UT  84404       13,000.00
  SB56   10266141264  CHAPULIN LOREN               2309 N MICHAEL WAY              LAS VEGAS              NV  89108       24,600.00
  SB56   10266141310  CONNER SHERRY                3682 EAST 108TH STREET          CLEVELAND              OH  44105       50,300.00
  SB56   10266141424  SMITH CRAIG S                7096 ATWOOD ROAD                FERNDALE               WA  98248       28,000.00
  SB56   10266141559  NIELSON LAYNE E              1448 EAST 7335 SOUTH            SALT LAKE CITY         UT  84121       40,000.00
  SB56   10266141562  HANSEN MARC J                7737 NORTH BOULDER DRIVE        TOOELE                 UT  84074      138,600.00
  SB56   10266141617  STOKES JAMES O               834 SAGEBRUSH DRIVE             CORRALES               NM  87048      212,500.00
  SB56   10266141666  ESTACIO M RODOLFO            8857 HICKORY DRIVE              ORLAND HILLS           IL  60477       28,000.00
  SB56   10266141699  MARTIN JACK B                150 WINDSOR DRIVE               HANFORD                CA  93230       53,600.00
  SB56   10266141702  BENNETT GREGORY J            16025 179TH AVENUE SE           MONROE                 WA  98272       22,300.00
  SB56   10266141767  KARUZA NICK P                9721 LINCOLN LANE               BLAINE                 WA  98230       16,500.00
  SB56   10266141818  BARBER CHRISTOPHER L         1170 NEBRASKA COURT NE          SALEM                  OR  97301       36,400.00
  SB56   10266141859  ARTEAGA BEATRICE             200 FIRST STREET                MENDOTA                IL  61342       53,200.00
  SB56   10266141887  MCGUIRE WILLIAM K            1058 EAST FAIRWAY VIEW DRIVE    FRUIT HEIGHTS          UT  84037       46,000.00
  SB56   10266141900  PROFFITT DANE V              270 COUNTRY CLUB                STANSBURY PARK         UT  84074      105,400.00
  SB56   10266141903  PEDERSEN HARLAN B            207 8TH STREET                  GRANBY                 CO  80446       45,000.00
  SB56   10266141926  HENDRICKSON DANA L           6040 CRYSTAL VIEW LANE          FORESTHILL             CA  95631       34,500.00
  SB56   10266142020  ESPINOSA EUGENE              548 BROOKE WAY                  FLORENCE               CO  81226       22,000.00
  SB56   10266142041  FESSLER DOUGLAS C            4415 WEST LANDER WAY            SALT LAKE CITY         UT  84118       37,200.00
  SB56   10266142047  HAZZARD SCOTT J              665 MONACO PARKWAY              DENVER                 CO  80220       56,000.00
  SB56   10266142059  JENKS FLORENCE O             1832 BUENA VISTA DRIVE SE       ALBUQUERQUE            NM  87106       45,000.00
  SB56   10266142077  WILLIAMS THOMAS E            1337 6TH STREET SOUTH           STILLWATER             MN  55082       38,000.00
  SB56   10266142115  WILSON LAWRENCE C            3301 S SHERIDAN AVENUE          TACOMA                 WA  98408       15,000.00
  SB56   10266142153  MCNEEL STEVEN P              674 HIGHWAY 96 WEST             SHOREVIEW              MN  55126       34,300.00
  SB56   10266142202  CAROLLO JOHN K               125 MCDONNELL                   BYERS                  CO  80103      154,800.00
  SB56   10266142208  REMINGTON RICHARD C          6685 BURROWS ROAD               COLORADO SPRINGS       CO  80908       37,000.00
  SB56   10266142210  FIDLER KENNETH L             2207 33RD AVENUE SOUTH EAST     PUYALLUP               WA  98374       79,688.00
  SB56   10266142267  GLASS DONALD                 3647 EAST PULASKI AVENUE        CUDAHY                 WI  53110       66,000.00
  SB56   10266142278  AREIZAGA RUBEN N             1616 WEST INDIANA AVENUE        SALT LAKE CITY         UT  84104       37,500.00
  SB56   10266142282  LUCERO LOUIS C               3320 W 66TH AVENUE              DENVER                 CO  80221       28,500.00
  SB56   10266142311  WILCZYNSKI MARK ANTHONY      6553 WEST MEXICO AVENUE         LAKEWOOD               CO  80232       18,600.00
  SB56   10266142316  HICKEY PATRICK               21591 EAST POWERS CIRCLE        AURORA                 CO  80015       29,304.00
  SB56   10266142330  MITCHELL LENA                6822 SOUTH WINCHESTER           CHICAGO                IL  60636       67,500.00
  SB56   10266142345  JOHNSON GREGGE K             2048 JAMES AVENUE NORTH         MINNEAPOLIS            MN  55411       57,400.00
  SB56   10266142374  GUNTER GLENN                 729 2ND STREET                  OGDEN                  UT  84404       19,923.00
  SB56   10266142376  MANU SEFO A                  3426 WEST 4100 SOUTH            WEST VALLEY CITY       UT  84119       11,300.00
  SB56   10266142380  ANDERSON DOUGLAS             1120 HILLSIDE COURT             FORT COLLINS           CO  80524       16,504.00
                                                                                                            


 <CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
  <C>    <S>             <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
  SB56   10266127006        30,000.00     04/10/97     03/10/12     180.30     04/10/97    60.0      12.000         308.58
  SB56   10266138281        21,450.00     01/01/97     12/01/11     177.00     03/01/97    85.0      13.550         246.54
  SB56   10266138704        27,006.86     02/01/97     01/01/12     178.00     04/01/97    72.5      10.500         299.24
  SB56   10266139326        96,799.60     02/07/97     01/07/12     178.26     04/07/97    80.0      13.500       1,108.76
  SB56   10266139573       112,700.00     04/01/97     03/01/12     180.00     04/01/97    68.7      10.600       1,039.35
  SB56   10266139630        15,638.34     03/01/97     02/01/12     179.00     04/01/97    80.0      14.500         195.93
  SB56   10266139725        30,000.00     04/01/97     03/01/12     180.00     04/01/97    73.1      11.250         345.70
  SB56   10266139739        64,125.00     04/01/97     03/01/27     360.00     04/01/97    73.7      10.200         572.24
  SB56   10266139890        22,000.00     03/07/97     02/07/12     179.28     04/07/97    58.7      15.590         288.58
  SB56   10266139926        24,900.00     04/01/97     03/01/12     180.00     04/01/97    89.6      11.950         298.04
  SB56   10266140025        56,700.00     04/01/97     03/01/12     180.00     04/01/97    90.0      12.500         698.84
  SB56   10266140143        29,800.00     02/13/97     01/13/12     178.45     03/13/97    84.8      12.800         325.00
  SB56   10266140164        34,915.08     03/01/97     02/01/12     179.00     05/01/97    84.8      14.250         477.40
  SB56   10266140260        32,250.00     04/01/97     03/01/12     180.00     04/01/97    90.0      11.950         386.02
  SB56   10266140475        35,000.00     04/01/97     03/01/12     180.00     04/01/97    66.8      12.000         420.06
  SB56   10266140755        36,023.00     05/01/97     04/01/12     181.00     05/01/97    79.1      13.750         473.70
  SB56   10266140772        17,000.00     03/03/97     02/03/12     179.15     04/03/97    80.5      12.750         212.31
  SB56   10266140868       158,400.00     05/01/97     04/01/27     361.00     05/01/97    90.0      10.850       1,490.55
  SB56   10266140918        13,000.00     04/07/97     03/07/12     180.20     04/07/97    84.6      12.600         161.07
  SB56   10266140938        35,690.00     04/01/97     03/01/12     180.00     04/01/97    79.6      13.640         466.70
  SB56   10266141028        50,000.00     03/01/97     02/01/12     179.00     04/01/97    78.0      10.950         474.27
  SB56   10266141053        28,600.00     05/01/97     04/01/12     181.00     05/01/97    84.7      12.750         310.79
  SB56   10266141128        32,250.00     04/01/97     03/01/12     180.00     04/01/97    90.0      11.350         315.68
  SB56   10266141140        51,850.00     04/01/97     03/01/12     180.00     04/01/97    85.0      12.450         551.36
  SB56   10266141142        41,600.00     04/01/97     03/01/12     180.00     04/01/97    79.9      11.250         479.38
  SB56   10266141255        20,000.00     03/05/97     02/05/17     239.21     04/05/97    84.9      13.350         239.32
  SB56   10266141258        13,000.00     04/01/97     03/01/12     180.00     04/01/97    89.5      11.750         131.22
  SB56   10266141264        24,539.07     04/01/97     03/01/17     240.00     05/01/97    89.9      11.750         266.59
  SB56   10266141310        50,300.00     03/24/97     02/24/12     179.84     03/24/97    89.9      11.250         488.54
  SB56   10266141424        28,000.00     04/01/97     03/01/12     180.00     04/01/97    79.2      10.500         256.13
  SB56   10266141559        40,000.00     04/01/97     03/01/12     180.00     04/01/97    83.1      13.350         453.45
  SB56   10266141562       138,600.00     05/01/97     04/01/27     361.00     05/01/97    90.0      10.850       1,304.24
  SB56   10266141617       212,500.00     04/01/97     03/01/27     360.00     04/01/97    85.0      12.250       2,226.78
  SB56   10266141666        28,000.00     03/26/97     02/26/12     179.90     03/26/97    85.0      12.750         349.67
  SB56   10266141699        53,600.00     04/01/97     03/01/12     180.00     04/01/97    84.8      12.450         658.89
  SB56   10266141702        22,300.00     05/01/97     04/01/12     181.00     05/01/97    84.9      12.750         242.33
  SB56   10266141767        16,500.00     05/01/97     04/01/12     181.00     05/01/97    84.3      12.450         175.46
  SB56   10266141818        36,400.00     05/01/97     04/01/17     241.00     05/01/97    89.9      11.750         394.47
  SB56   10266141859        53,200.00     04/07/97     03/07/17     240.20     04/07/97    70.0      12.000         585.78
  SB56   10266141887        46,000.00     05/01/97     04/01/12     181.00     05/01/97    85.6      11.750         464.33
  SB56   10266141900       105,354.33     02/23/97     01/23/12     178.78     04/23/97    85.0      12.700       1,141.27
  SB56   10266141903        44,800.41     04/01/97     03/01/12     180.00     05/01/97    82.4      11.000         511.47
  SB56   10266141926        34,500.00     05/01/97     04/01/12     181.00     05/01/97    90.0      11.575         343.63
  SB56   10266142020        22,000.00     04/01/97     03/01/12     180.00     04/01/97    68.8      10.500         243.19
  SB56   10266142041        37,200.00     04/01/97     03/01/12     180.00     04/01/97    74.9      13.450         424.63
  SB56   10266142047        56,000.00     04/01/97     03/01/12     180.00     04/01/97    89.1      11.750         565.27
  SB56   10266142059        45,000.00     04/01/97     03/01/17     240.00     04/01/97    59.8      11.250         472.17
  SB56   10266142077        38,000.00     03/26/97     02/26/17     239.90     03/26/97    89.5      11.750         411.81
  SB56   10266142115        15,000.00     04/01/97     03/01/12     180.00     04/01/97    90.0      11.350         146.83
  SB56   10266142153        34,300.00     03/27/97     02/27/12     179.93     03/27/97    89.8      11.350         397.42
  SB56   10266142202       154,800.00     05/01/97     04/01/27     361.00     05/01/97    90.0      10.550       1,421.81
  SB56   10266142208        37,000.00     05/01/97     04/01/17     241.00     05/01/97    79.4      12.100         409.98
  SB56   10266142210        79,688.00     04/01/97     03/01/12     180.00     04/01/97    79.9      11.250         773.98
  SB56   10266142267        66,000.00     03/26/97     02/26/27     359.90     03/26/97    68.0      11.000         628.53
  SB56   10266142278        37,500.00     05/01/97     04/01/12     181.00     05/01/97    89.9      12.750         407.51
  SB56   10266142282        28,500.00     03/19/97     02/19/12     179.67     03/19/97    84.9      12.350         348.49
  SB56   10266142311        18,600.00     04/01/97     03/01/12     180.00     04/01/97    82.2      12.350         196.35
  SB56   10266142316        29,304.00     05/01/97     04/01/12     181.00     05/01/97    79.1      11.100         334.91
  SB56   10266142330        67,476.46     04/01/97     03/01/27     360.00     05/01/97    90.0      11.100         647.92
  SB56   10266142345        57,400.00     03/25/97     02/25/12     179.87     03/25/97    70.0      10.250         514.36
  SB56   10266142374        19,886.65     03/11/97     02/11/12     179.41     04/11/97    89.9      11.950         238.47
  SB56   10266142376        11,300.00     04/01/97     03/01/12     180.00     04/01/97    84.4      12.350         138.17
  SB56   10266142380        16,504.00     05/01/97     04/01/12     181.00     05/01/97    83.5      12.350         174.22

</TABLE>



<PAGE>

<TABLE>
                                                                                                                    Page 2  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal 
                                                                                                               Zip       Balance at
Sale ID    Account       Name                         Address                         City                St   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------------
  <C>    <S>          <C>                          <C>                             <C>                    <C> <C>         <C>     
  SB56   10266142390  PROFFITT DUINE A             5125 WEBBED FOOT WAY            COLORADO SPRINGS       CO  80911       19,047.00
  SB56   10266142440  KINMAN MICHAEL L             3665 HILLSIDE AVENUE            CINCINNATI             OH  45205       50,400.00
  SB56   10266142448  LONDON GREGORY T             5308 BISHOP                     DETROIT                MI  48224       41,000.00
  SB56   10266142465  CHUN FOOK CLARENCE P         6847 TOPAZ DRIVE SOUTHWEST      TACOMA                 WA  98498       60,000.00
  SB56   10266142480  CROOKS VERNE M               4518 ENSENADA STREET            DENVER                 CO  80249       22,400.00
  SB56   10266142481  MCCANLESS DORIS              2020 S PAPAGO DRIVE             APACHE JUNCTION        AZ  85220       19,875.00
  SB56   10266142496  MCINTYRE EDWIN A             5310 WEST PARADISE LANE         GLENDALE               AZ  85306       43,000.00
  SB56   10266142579  YOUNG RONALD TY              925 EAST 1700 SOUTH             SALT LAKE CITY         UT  84105       57,506.00
  SB56   10266142581  WINKLER JAMES E              11333 SALEM STREET              BRIGHTON               CO  80601       68,000.00
  SB56   10266142583  PIEL FREDERICK C             1522 NORTH 1175 EAST            LAYTON                 UT  84040       28,397.00
  SB56   10266142651  WEINBERG HAROLD G            6604 34TH AVENUE NW             SEATTLE                WA  98117      138,000.00
  SB56   10266142655  ULMER ALBERT W               3361 SOUTH 4800 WEST            WEST VALLEY CITY       UT  84120       26,076.00
  SB56   10266142690  GAJDOS JOAN M                844 HARRISON AVENUE             DYER                   IN  46311       20,000.00
  SB56   10266142710  REUTER DANIEL JAMES          1322 16TH STREET WEST           HASTINGS               MN  55033       27,200.00
  SB56   10266142733  FIRATO RICHARD G             18665 MADRONE ROAD              MORGAN HILL            CA  95037       43,550.00
  SB56   10266142754  MOORE KEITH E                2323 WEST KIOWA                 COLORADO SPRINGS       CO  80904       15,000.00
  SB56   10266142769  SCOTT CAROLYN M              6344 SOUTH ALLISON STREET       LITTLETON              CO  80123       44,515.00
  SB56   10266142770  STANFORD KENNETH F           1719 22ND AVENUE SE             OLYMPIA                WA  98501       68,300.00
  SB56   10266142780  TANNER DORIS E               15012 PENROD                    DETROIT                MI  48223       60,000.00
  SB56   10266142832  RALEY JAMES L                189 NORTH 695 WEST              BLACKFOOT              ID  83221       14,250.00
  SB56   10266142834  FENN TONI R                  658 NORTH 200 EAST              TREMONTON              UT  84337       42,799.00
  SB56   10266142847  ANKENMAN CAROL               1022C EAST OSBORN ROAD          PHOENIX                AZ  85014       18,750.00
  SB56   10266142880  ELIKARA CENGIZ               6230 BINGHAM                    DEARBORN               MI  48126       55,000.00
  SB56   10266142907  MAXWELL TERRANCE G SR        215-17 S. HOLLY ROAD            FENTON                 MI  48430       45,500.00
  SB56   10266142915  IRVIN GUY D                  2583 WEST CHERRY PARK LANE      SOUTH JORDAN           UT  84095       85,119.00
  SB56   10266142931  DODGE III DAVID C            375 LAFAYETTE STREET            DENVER                 CO  80218      126,300.00
  SB56   10266142932  RICKETTS EMILY SUSAN         2501 NORTH GOYETTE AVENUE       TUCSON                 AZ  85712       15,950.00
  SB56   10266142942  GREEN WILLIAM L              3529 WEST 12515 SOUTH           RIVERTON               UT  84065      154,800.00
  SB56   10266142949  WILCOX JOSEPH V              8472 E PAWNEE ROAD              PARKER                 CO  80134       57,000.00
  SB56   10266142952  NEGRETE MANUEL A             7586 SOUTH GARLAND STREET       LITTLETON              CO  80123       17,384.00
  SB56   10266142995  CZAK DAVID E                 25100 COLGATE                   DEARBORN HEIGHTS       MI  48125       47,200.00
  SB56   10266143013  CLEVELAND SR LEE R           3930 MANOR DRIVE NE             SALEM                  OR  97301       81,900.00
  SB56   10266143019  SMITH WILLIE J               6217 POWDER PUFF DRIVE          COLORADO SPRINGS       CO  80918       64,000.00
  SB56   10266143022  SWANTZ PATRICIA EMRICK       166 ABLION STREET               DENVER                 CO  80220      130,000.00
  SB56   10266143050  SEYBOLD CLYDE K              68 SOUTH GRAND BAY CIRCLE       AURORA                 CO  80018       43,500.00
  SB56   10266143105  MILES SR JOHN T              1752 A HWY 508                  ONALASKA               WA  98570       75,976.00
  SB56   10266143129  LONGMORE EDWARD T            7828 67TH STREET NW             GIG HARBOR             WA  98335       63,802.00
  SB56   10266143161  WATTS DONALD                 5795 SOUTH TELLURIDE COURT      AURORA                 CO  80015       26,920.00
  SB56   10266143175  YARBER JEANETTE              18024 OAK DRIVE                 DETROIT                MI  48221       40,000.00
  SB56   10266143178  DRAPER-HILL CYNTHIA          8615 S. KING DRIVE              CHICAGO                IL  60619       35,300.00
  SB56   10266143216  DANIELS CHRISTOPHER E        4225 DANIEL DR                  EAGAN                  MN  55123       24,700.00
  SB56   10266143224  ZAWAIDEH RITA                3806 WHITMAN AVENUE NORTH       SEATTLE                WA  98103       26,315.00
  SB56   10266143241  JOHNSON WESLEY D             635 NORTH 1150 EAST             LEHI                   UT  84043       30,423.00
  SB56   10266143242  WALKER JR ROGER W            3701 PIERCE STREET              WHEATRIDGE             CO  80033       32,500.00
  SB56   10266143244  RICHARDS TIMOTHY P           11411 208TH AVENUE EAST         SUMNER                 WA  98390       27,830.00
  SB56   10266143250  SCHLAAK TERRY LEE            4967 PERRY STREET               DENVER                 CO  80212       15,470.00
  SB56   10266143275  PULJER JOHN J                327 W 14TH STREET               SHIP BOTTOM            NJ  08008       51,000.00
  SB56   10266143318  OKARMA BRIAN W               3464 SOUTH PATRICK DRIVE        MAGNA                  UT  84044       33,230.00
  SB56   10266143389  WILLIAMS PERCY ATLEY         1127 SOUTH 31ST AVENUE          BELLWOOD               IL  60104       30,200.00
  SB56   10266143398  RACE JON A                   4561 LST AVENUE                 WHITE BEAR LAKE        MN  55110       59,500.00
  SB56   10266143455  LOMBARDI DEBORAH A           3810 PLAINS TERRACE             COLORADO SPRINGS       CO  80920       25,493.00
  SB56   10266143649  GALLEGOS ARLENE L            449 SOUTH XAVIER STREET         DENVER                 CO  80219       71,250.00
  SB56   10266143651  HATTON RANDY D               369 WEST 2150 NORTH             LEHI                   UT  84043       46,000.00
  SB56   10266143654  MALKIN JOANNE                9097 EAST JANICE WAY            SCOTTSDALE             AZ  85260       42,000.00
  SB56   10266143661  AMMANN ERIC                  3 NAVAJO TRAIL                  NEDERLAND              CO  80466       20,000.00
  SB56   10266143731  HARRISON PAMELA              16567 MARK TWAIN                DETROIT                MI  48235       53,500.00
  SB56   10266143803  WRIGHT MARY A                930 N. PARK PLAINE AVE.         PARK RIDGE             IL  60068       20,000.00
  SB56   10266143847  THOMAS RICHARD JOSEPH        4419 WEST 3325 SOUTH            WEST VALLEY CITY       UT  84120       68,229.00
  SB56   10266143991  PETERSEN DANIEL              2260 ABRONIA CIRCLE             ST GEORGE              UT  84770       25,500.00
  SB56   10266144170  COCHRAN JERRY L              4805 EAST VALLEY VISTA LANE     PARADISE VALLEY        AZ  85253      245,000.00
  SB56   10266144283  BARTON DOUGLAS W             613 S. SPENCER AVENUE           INDIANAPOLIS           IN  46219       39,100.00
  SB56   10266144304  KUNNATH PAMELA R             18805 SOUTH SPRINGFIELD AVENU   FLOSSMOOR              IL  60422       95,200.00
         -----------------------------------                                                                           ------------
              125     Sale Total                                                                                       6,114,183.00
                                                                                                            


<CAPTION>
                           Cut-off Date      First                                        Original    Current     Scheduled
                            Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account           Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- ---------------------------------------------------------------------------------------------------------------------------
  <C>    <S>              <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
  SB56   10266142390         19,047.00     04/01/97     03/01/12     180.00     04/01/97    90.0      11.750         225.54
  SB56   10266142440         50,376.99     03/04/97     02/04/27     359.18     04/04/97    90.0      11.500         499.11
  SB56   10266142448         41,000.00     03/28/97     02/28/27     359.97     03/28/97    55.4      11.750         413.86
  SB56   10266142465         60,000.00     05/01/97     04/01/12     181.00     05/01/97    88.8      11.750         605.65
  SB56   10266142480         22,400.00     05/01/97     04/01/12     181.00     05/01/97    89.9      11.550         262.39
  SB56   10266142481         19,875.00     04/01/97     03/01/17     240.00     04/01/97    79.5      11.250         208.54
  SB56   10266142496         43,000.00     04/01/97     03/01/12     180.00     04/01/97    89.9      11.350         498.23
  SB56   10266142579         57,463.41     03/11/97     02/11/12     179.41     04/11/97    89.8      12.750         624.91
  SB56   10266142581         68,000.00     04/01/97     03/01/12     180.00     04/01/97    89.6      11.350         665.63
  SB56   10266142583         28,339.67     03/18/97     02/18/12     179.64     04/18/97    89.9      12.750         354.63
  SB56   10266142651        138,000.00     04/01/97     03/01/12     180.00     04/01/97    84.9      12.750       1,499.64
  SB56   10266142655         26,076.00     04/05/97     03/05/12     180.13     04/05/97    89.7      12.750         325.65
  SB56   10266142690         19,929.31     03/27/97     02/27/12     179.93     04/27/97    74.6      10.100         216.15
  SB56   10266142710         27,200.00     04/03/97     03/03/12     180.07     04/03/97    89.8      11.750         322.08
  SB56   10266142733         43,550.00     04/01/97     03/01/12     180.00     04/01/97    81.6      10.500         398.37
  SB56   10266142754         15,000.00     04/01/97     03/01/12     180.00     04/01/97    72.8      11.500         175.23
  SB56   10266142769         44,515.00     04/01/97     03/01/17     240.00     04/01/97    84.5      12.750         513.62
  SB56   10266142770         68,300.00     05/01/97     04/01/17     241.00     05/01/97    89.8      11.350         721.33
  SB56   10266142780         59,831.74     03/27/97     02/27/17     239.93     04/27/97    68.1      10.000         579.01
  SB56   10266142832         14,206.23     03/25/97     02/25/12     179.87     04/25/97    86.7      12.750         177.96
  SB56   10266142834         42,799.00     03/25/97     02/25/12     179.87     03/25/97    84.9      12.750         534.49
  SB56   10266142847         18,750.00     04/01/97     03/01/12     180.00     04/01/97    75.0      10.450         170.81
  SB56   10266142880         55,000.00     03/26/97     02/26/17     239.90     03/26/97    70.5       9.850         525.31
  SB56   10266142907         45,500.00     04/03/97     03/03/27     360.07     04/03/97    39.5      10.900         429.87
  SB56   10266142915         85,119.00     03/25/97     02/25/12     179.87     03/25/97    89.6      12.350         898.54
  SB56   10266142931        126,300.00     04/01/97     03/01/12     180.00     04/01/97    89.8      11.350       1,236.30
  SB56   10266142932         15,950.00     04/01/97     03/01/12     180.00     04/01/97    89.9      12.200         193.48
  SB56   10266142942        154,800.00     05/01/97     04/01/27     361.00     05/01/97    90.0      11.250       1,503.51
  SB56   10266142949         57,000.00     04/01/97     03/01/12     180.00     04/01/97    79.8      11.250         656.84
  SB56   10266142952         17,384.00     05/01/97     04/01/12     181.00     05/01/97    84.9      11.500         203.08
  SB56   10266142995         47,200.00     04/06/97     03/06/12     180.16     04/06/97    80.0      10.250         422.96
  SB56   10266143013         81,900.00     05/01/97     04/01/27     361.00     05/01/97    90.0      10.850         770.68
  SB56   10266143019         64,000.00     05/01/97     04/01/12     181.00     05/01/97    88.9      11.750         646.02
  SB56   10266143022        130,000.00     04/01/97     03/01/12     180.00     04/01/97    80.2      12.450       1,382.39
  SB56   10266143050         43,500.00     05/01/97     04/01/12     181.00     05/01/97    83.2      12.750         543.24
  SB56   10266143105         75,976.00     05/01/97     04/01/17     241.00     05/01/97    79.9      13.500         917.31
  SB56   10266143129         63,802.00     05/01/97     04/01/17     241.00     05/01/97    84.8      12.750         736.15
  SB56   10266143161         26,722.19     04/01/97     03/01/17     240.00     05/01/97    84.9      12.750         310.61
  SB56   10266143175         40,000.00     04/07/97     03/07/12     180.20     04/07/97    25.9      11.750         473.65
  SB56   10266143178         35,052.76     03/28/97     02/28/17     239.97     04/28/97    40.5      11.000         364.36
  SB56   10266143216         24,700.00     03/28/97     02/28/12     179.97     03/28/97    89.9      12.000         254.07
  SB56   10266143224         25,891.19     05/01/97     04/01/12     181.00     06/01/97    84.9      12.750         285.96
  SB56   10266143241         30,423.00     05/01/97     04/01/12     181.00     05/01/97    79.8      13.000         384.92
  SB56   10266143242         32,500.00     05/01/97     04/01/12     181.00     05/01/97    80.3      10.100         351.24
  SB56   10266143244         27,830.00     05/01/97     04/01/12     181.00     05/01/97    89.9      11.750         329.54
  SB56   10266143250         15,470.00     05/01/97     04/01/12     181.00     05/01/97    78.8      10.500         171.01
  SB56   10266143275         50,873.74     03/26/97     02/26/17     239.90     04/26/97    60.9      11.550         545.64
  SB56   10266143318         33,230.00     04/01/97     03/01/12     180.00     04/01/97    84.7      13.350         376.70
  SB56   10266143389         30,200.00     04/05/97     03/05/12     180.13     04/05/97    89.9      12.000         310.64
  SB56   10266143398         59,500.00     04/04/97     03/04/17     240.10     04/04/97    85.0       9.850         568.29
  SB56   10266143455         25,493.00     05/01/97     04/01/12     181.00     05/01/97    79.7      13.500         292.00
  SB56   10266143649         71,250.00     05/01/97     04/01/27     361.00     05/01/97    75.0      12.250         746.63
  SB56   10266143651         46,000.00     05/01/97     04/01/12     181.00     05/01/97    88.4      11.750         464.33
  SB56   10266143654         41,940.59     04/01/97     03/01/12     180.00     05/01/97    73.8      12.050         433.63
  SB56   10266143661         20,000.00     05/01/97     04/01/12     181.00     05/01/97    76.2      11.250         194.25
  SB56   10266143731         53,500.00     04/04/97     03/04/12     180.10     04/04/97    84.9      12.100         554.43
  SB56   10266143803         20,000.00     04/05/97     03/05/17     240.13     04/05/97    72.9      12.750         230.76
  SB56   10266143847         68,229.00     03/28/97     02/28/12     179.97     03/28/97    89.8      12.750         741.44
  SB56   10266143991         25,500.00     05/01/97     04/01/12     181.00     05/01/97    90.0      11.750         257.40
  SB56   10266144170        245,000.00     05/01/97     04/01/12     181.00     05/01/97    70.0      10.750       2,287.03
  SB56   10266144283         39,100.00     04/01/97     03/01/27     360.00     04/01/97    84.0      12.100         405.20
  SB56   10266144304         95,200.00     03/27/97     02/27/12     179.93     03/27/97    85.0      10.000         835.45
         -----------------------------                               ------                 -------------------------------
              125         6,111,446.62                               228.03                 81.6      11.721      64,303.37
</TABLE>
        


<PAGE>

<TABLE>
                                                                                                                   Page 3  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal 
                                                                                                               Zip       Balance at
Sale ID    Account       Name                         Address                         City                St   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------------
 <C>     <S>          <C>                          <C>                             <C>                    <C> <C>         <C>      
 SBC57   10268001082  MUTHUSAMMY HARRINARINE       105 49 132ND STREET             RICHMOND HILL          NY  11419       30,000.00
 SBC57   10268002235  KEEGAN GAILE E               16 HERITAGE DR APT D            CHATHAM                NJ  07928       35,000.00
 SBC57   10268004165  VISCONTI MARCIA L            82 COOK ST                      JOHNSON CITY           NY  13790       40,000.00
 SBC57   10268006110  BENASSI GLORIA               24-23 ESPLANADE AVENUE          BRONX                  NY  10469       55,000.00
 SBC57   10268006403  CALDERON MIGUEL A            324 47TH ST                     UNION CITY             NJ  07087      119,250.00
 SBC57   10268006824  SINGH RAMRAJINDARE           90-16 155TH STREET              JAMAICA                NY  11432      108,000.00
 SBC57   10268007053  TYNER JOSEPH D.              634 D-2 ROUTE 12                FAYETTEVILLE           NC  28306       32,600.00
 SBC57   10268007242  ZAMORA ALEJANDRO             2842 SOUTHWEST 22ND TERRACE     MIAMI                  FL  33145       13,820.00
 SBC57   10268007622  HAMMOND BARBARA W            3912 MEMORY LANE                RALEIGH                NC  27604       42,700.00
 SBC57   10268007700  STANFORD THOMAS E            1076 BRIDGEWATER WALK           SNELLVILLE             GA  30278      100,000.00
 SBC57   10268007916  STILSON RODNEY F             1389 OLD STATE RD               BINGHAMTON             NY  13904       73,562.00
 SBC57   10268007973  BONAVITO ANTHONY             472 NEWTONS CORNER RD           HOWELL                 NJ  07731       71,500.00
 SBC57   10268008166  BERINGER MICHAEL F JR        6 COSTELLO AVE                  BAY SHORE              NY  11706       45,200.00
 SBC57   10268008178  DUGGER JOANNE B              323 N WASHINGTON ST             EVANS CITY             PA  16033       85,000.00
 SBC57   10268008215  MORRIS MARVA J               610 BIRCH CT                    ERIE                   PA  16503       41,600.00
 SBC57   10268008252  ROSSAN CECIL                 89-27 198TH STREET              HOLLIS                 NY  11423       20,000.00
 SBC57   10268008313  PAEZ JORGE                   5035 N 5TH ST                   PHILADELPHIA           PA  19120       15,000.00
 SBC57   10268008339  DAVIS THEODORE S             1011 INDIAN CREEK LN            WYNNEWOOD              PA  19096      249,000.00
 SBC57   10268008368  DUMORNAY RAYMOND             863 E 49TH ST                   BROOKLYN               NY  11203      123,500.00
 SBC57   10268008437  CAMARDA CHARLES J III        207 MOFFITT BLVD                ISLIP                  NY  11751       30,000.00
 SBC57   10268008442  ROSE MARC L                  394 E 5TH ST                    BROOKLYN               NY  11218       67,500.00
 SBC57   10268008578  FORRESTER NORMAN             198 FRANK ST                    NEW HAVEN              CT  06519       45,000.00
 SBC57   10268008623  PUGLIESE LOUIS               124 RUMSEY RD                   YONKERS                NY  10705       21,300.00
 SBC57   10268008679  MARSHALL GEORGE A            300 COSEY BEACH AVE             EAST HAVEN             CT  06512       40,000.00
 SBC57   10268008723  SERRANO JOSE INES JR         731 QUINCY AVE                  BRONX                  NY  10465       22,700.00
 SBC57   10268008888  JAPPER DEBORAH               2807 HARING ST                  BROOKLYN               NY  11235       30,000.00
 SBC57   10268008992  KELLEY DORIS Q               8320 ASHFORD BOULEVARD          LAUREL                 MD  20707       23,500.00
 SBC57   10268008996  EBLING DAVID B               321 CINDY DRIVE                 JONESTOWN              PA  17038       62,300.00
 SBC57   10268009038  O'TOOLE JOHN                 518 FRANCIS RD                  BRICK                  NJ  08723       23,700.00
 SBC57   10268009075  CREE ROBIN D                 23 BLAKELY ROAD                 DOWNINGTOWN PA         PA  19335       35,750.00
 SBC57   10268009170  SURACI MARC A                27 KENILWORTH DR                CLINTON                CT  06413       40,000.00
 SBC57   10268009173  SHAMPINE MARK R              3840 HULBERTON RD               HOLLEY                 NY  14470       44,000.00
 SBC57   10268009322  HEUN DAVID P                 2908 SENAK RD                   ROSLYN                 PA  19001       53,750.00
 SBC57   10268009341  MILLETT ELAINE               2315 98TH ST                    EAST ELMHURST          NY  11369       34,000.00
 SBC57   10268009351  GREENBERG PETER D            38 LANDON RD                    WARWICK                RI  02888       18,500.00
 SBC57   10268009413  VACHRIS JAMES E              131 113TH STREET                STONE HARBOR           NJ  08247      103,000.00
 SBC57   10268009436  STASIAK CZESLAW              222 26TH AVENUE SOUTH           ST PETERSBURG          FL  33705       58,290.00
 SBC57   10268009471  GORDON RICHARD               55 TIMBER LN                    LEVITTOWN              PA  19054       13,300.00
 SBC57   10268009552  POSTA DAWN                   220 HUNTINGTON RD               STRATFORD              CT  06497      144,000.00
 SBC57   10268009575  COSTA KAREN                  1 NEWTON ST                     DARTMOUTH              MA  02748       40,300.00
 SBC57   10268009720  RAMLAKHAN DEO S              135-23 123RD STREET             JAMAICA                NY  11420       29,399.00
 SBC57   10268009763  EIKHOF HANS W                6501 ELGIN LN                   BETHESDA               MD  20817       30,000.00
 SBC57   10268009788  PANNELLA SALVATORE A         3 RR 2 BOX 316A                 KUNKLETOWN             PA  18058       68,360.00
 SBC57   10268009809  MOYLON PAUL J IV             4020 44TH AVENUE NORTH          SAINT PETERSBURG       FL  33714       51,850.00
 SBC57   10268009855  WHITE JACQULYN E             10 HIGHWOOD CT                  COLUMBIA               SC  29210       40,050.00
 SBC57   10268009875  ENGERS KATHLEEN M            457 37TH ST                     LINDENHURST            NY  11757       44,000.00
 SBC57   10268009893  BRACEY KENNETH R             24 56 GILLMORE STREET           EASTELMHURST           NY  11369      135,000.00
 SBC57   10268009896  STEINMETZ BENJAMIN J         1047 N 5TH ST                   READING                PA  19601       35,000.00
 SBC57   10268009920  SNYDER CHARLES               309 E. CENTER STREET            STOCKERTOWN            PA  18083       47,600.00
 SBC57   10268009925  WHITE DOROTHY YVONNE         5 MARIETTA DR                   WESTBURY               NY  11590      191,250.00
 SBC57   10268009971  LAFACE ANTHONY               39 CHEEVER PL                   BROOKLYN               NY  11231      260,000.00
 SBC57   10268010014  GOLFEN STANLEY F             1245 CAROLYN LANE               CHURCHVILLE            PA  18966       26,500.00
 SBC57   10268010083  ONEIL SUSAN                  221 EMMANS RD                   FLANDERS               NJ  07836       30,000.00
 SBC57   10268010088  SINGH HARBHAJAN              91-11 116TH STREET              RICHMOND HILL          NY  11418       48,157.00
 SBC57   10268010106  AUTAR PRABOODIYAL S          9511 91ST ST                    OZONE PARK             NY  11416       30,000.00
 SBC57   10268010124  PORTER ZINA M                6 WEST JOHNSON HIGHWAY          NORRISTOWN             PA  19401       60,000.00
 SBC57   10268010129  POLIAKOFF JUDITH L           434 BALLYTORE ROAD              WYNNEWOOD              PA  19096      195,000.00
 SBC57   10268010191  ALVARADO ILMA                87 2ND AVE                      BAY SHORE              NY  11706       76,500.00
 SBC57   10268010241  JENKINS HARRY L              246 MAUREEN RD                  BELLINGHAM             MA  02019       38,200.00
 SBC57   10268010256  MCILVAINE R KEITH            458 THOMPSONVILLE ROAD          MCMURRAY               PA  15317       42,075.00
 SBC57   10268010270  VORE ROBERT E DE             34 VALLEY DR                    SALEM                  CT  06420       31,400.00
 SBC57   10268010284  PARK SUNG SOO                328 GLENWOOD AVE                LEONIA                 NJ  07605      233,000.00
 SBC57   10268010289  HARRIGAN THOMAS F            117 CARPENTER RD                SCITUATE               RI  02825       29,500.00
                                                                                                            

 
<CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
 <C>     <S>                <C>           <C>          <C>          <C>        <C>         <C>       <C>        <C>   
 SBC57   10268001082        29,944.21     11/01/96     10/01/16     235.00     04/01/97    82.9      10.800         305.58
 SBC57   10268002235        34,976.26     12/01/96     11/01/11     176.00     04/01/97    25.9      11.250         339.94
 SBC57   10268004165        39,882.11     02/02/97     01/02/17     238.09     04/02/97    64.5      11.450         425.20
 SBC57   10268006110        55,000.00     03/01/97     02/01/12     179.00     04/01/97    26.1      10.500         503.11
 SBC57   10268006403       119,084.73     03/12/97     02/12/12     179.44     04/12/97    90.0      10.850       1,122.15
 SBC57   10268006824       107,373.89     02/02/97     01/02/12     178.09     05/02/97    69.6      12.250       1,131.73
 SBC57   10268007053        32,600.00     03/14/97     02/14/07     119.51     03/14/97    83.6      11.850         464.89
 SBC57   10268007242        13,820.00     03/24/97     02/24/12     179.84     03/24/97    85.0      12.750         172.59
 SBC57   10268007622        42,700.00     04/03/97     03/03/12     180.07     04/03/97    58.4      10.100         461.47
 SBC57   10268007700        98,803.14     01/24/97     12/24/11     177.80     04/24/97    77.6      12.000       1,028.61
 SBC57   10268007916        73,372.82     01/20/97     12/20/11     177.67     04/20/97    79.0      13.500         842.59
 SBC57   10268007973        71,380.56     03/18/97     02/18/27     359.64     04/18/97    70.0      11.500         708.06
 SBC57   10268008166        45,191.76     02/03/97     01/03/12     178.13     04/03/97    79.2      13.990         535.20
 SBC57   10268008178        84,792.95     03/06/97     02/06/27     359.24     04/06/97    85.0      12.350         897.29
 SBC57   10268008215        41,600.00     02/07/97     01/07/27     358.26     03/07/97    80.0      13.700         483.05
 SBC57   10268008252        20,000.00     03/05/97     02/05/12     179.21     04/05/97    85.9      13.700         262.33
 SBC57   10268008313        14,983.28     02/24/97     01/24/07     118.82     03/24/97    75.5      12.850         222.64
 SBC57   10268008339       248,377.01     03/21/97     02/21/12     179.74     04/21/97    69.0      12.900       2,734.99
 SBC57   10268008368       123,500.00     04/01/97     03/01/12     180.00     04/01/97    65.0      10.750       1,384.37
 SBC57   10268008437        30,000.00     02/15/97     01/15/12     178.52     03/15/97    89.2      11.350         347.60
 SBC57   10268008442        67,475.88     02/01/97     01/01/12     178.00     04/01/97    71.9      10.990         642.31
 SBC57   10268008578        45,000.00     04/04/97     03/04/17     240.10     04/04/97    66.1      11.550         481.44
 SBC57   10268008623        21,287.16     02/01/97     01/01/12     178.00     04/01/97    80.8      13.100         237.29
 SBC57   10268008679           441.90     03/24/97     02/24/12     179.84     04/24/97    78.8      13.450         456.59
 SBC57   10268008723        22,613.84     03/25/97     02/25/12     179.87     04/25/97    89.9      12.750         246.68
 SBC57   10268008888        29,900.64     03/24/97     02/24/12     179.84     04/24/97    81.2      11.100         287.97
 SBC57   10268008992        23,412.15     03/21/97     02/21/12     179.74     04/21/97    80.1      13.500         305.10
 SBC57   10268008996        62,300.00     03/01/97     02/01/12     179.00     04/01/97    84.8      10.000         546.73
 SBC57   10268009038        23,655.16     02/01/97     01/01/17     238.00     04/01/97    89.8      11.850         258.48
 SBC57   10268009075        35,721.77     02/21/97     01/21/12     178.72     03/21/97    84.9      13.300         403.87
 SBC57   10268009170        39,875.49     03/25/97     02/25/12     179.87     04/25/97    82.4      12.200         485.23
 SBC57   10268009173        43,944.28     02/06/97     01/06/17     238.22     04/06/97    73.7      10.300         433.39
 SBC57   10268009322        53,714.20     02/23/97     01/23/12     178.78     03/23/97    74.9      12.050         554.95
 SBC57   10268009341        33,858.79     03/18/97     02/18/17     239.64     04/18/97    16.5       9.800         323.61
 SBC57   10268009351        18,500.00     04/06/97     03/06/12     180.16     04/06/97    84.9      12.750         231.03
 SBC57   10268009413       102,968.16     02/21/97     01/21/12     178.72     03/21/97    74.9      11.650       1,031.80
 SBC57   10268009436        58,290.00     03/28/97     02/28/17     239.97     03/28/97    79.9      11.900         637.76
 SBC57   10268009471        13,300.00     02/24/97     01/24/17     238.82     03/24/97    90.0      13.150         157.24
 SBC57   10268009552       144,000.00     03/10/97     02/10/12     179.38     03/10/97    90.0      11.990       1,480.09
 SBC57   10268009575        40,257.99     03/01/97     02/01/17     239.00     04/01/97    89.9      12.950         470.71
 SBC57   10268009720        29,328.59     03/11/97     02/11/12     179.41     04/11/97    90.0      12.550         363.31
 SBC57   10268009763        30,000.00     03/25/97     02/25/12     179.87     03/25/97    81.4      12.500         369.76
 SBC57   10268009788        68,360.00     04/04/97     03/04/12     180.10     04/04/97    87.2      11.750         809.47
 SBC57   10268009809        51,850.00     03/24/97     02/24/12     179.84     03/24/97    85.0      11.650         519.41
 SBC57   10268009855        39,979.44     03/19/97     02/19/27     359.67     04/19/97    89.0      12.250         419.68
 SBC57   10268009875        44,000.00     04/03/97     03/03/12     180.07     04/03/97    59.7      11.500         435.73
 SBC57   10268009893       134,812.62     02/10/97     01/10/12     178.36     04/10/97    90.0      11.990       1,387.59
 SBC57   10268009896        34,811.76     03/06/97     02/06/12     179.24     05/06/97    70.0      11.700         351.95
 SBC57   10268009920        47,600.00     04/03/97     03/03/12     180.07     04/03/97    89.9      11.500         556.06
 SBC57   10268009925       191,250.00     03/20/97     02/20/12     179.70     03/20/97    85.0      13.350       2,168.05
 SBC57   10268009971       259,515.08     03/21/97     02/21/12     179.74     04/21/97    80.0      13.850       3,049.82
 SBC57   10268010014        26,485.03     12/27/96     11/27/11     176.91     03/27/97    76.8      13.900         311.89
 SBC57   10268010083        30,000.00     03/03/97     02/03/12     179.15     03/03/97    57.3      13.200         336.56
 SBC57   10268010088        48,157.00     03/20/97     02/20/12     179.70     03/20/97    90.0      12.050         579.51
 SBC57   10268010106        30,000.00     03/26/97     02/26/12     179.90     03/26/97    89.7      11.750         355.24
 SBC57   10268010124        60,000.00     04/10/97     03/10/27     360.30     04/10/97    80.0      10.600         553.33
 SBC57   10268010129       195,000.00     04/04/97     03/04/27     360.10     04/04/97    57.3       9.900       1,696.87
 SBC57   10268010191        76,500.00     03/20/97     02/20/12     179.70     04/20/97    90.0      11.250         743.01
 SBC57   10268010241        38,189.84     03/10/97     02/10/12     179.38     04/10/97    84.9      12.750         477.06
 SBC57   10268010256        41,975.56     03/17/97     02/17/12     179.61     04/17/97    84.7      12.750         525.45
 SBC57   10268010270        31,400.00     03/21/97     02/21/12     179.74     03/21/97    85.8      13.400         405.59
 SBC57   10268010284       233,000.00     03/20/97     02/20/12     179.70     04/20/97    84.6      13.950       2,751.53
 SBC57   10268010289        29,391.14     03/20/97     02/20/12     179.70     04/20/97    39.3      11.000         280.94
                                                                                                            
</TABLE>
 


<PAGE>

<TABLE>
                                                                                                                   Page 4  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal  
                                                                                                               Zip       Balance at 
Sale ID    Account       Name                         Address                         City                St   Code     Origination 
- ------------------------------------------------------------------------------------------------------------------------------------
 <C>     <S>          <C>                          <C>                             <C>                    <C> <C>         <C>       
 SBC57   10268010327  LOTFI GHULAMRIZA             334 WEBSTER ST                  CARY                   NC  27511       71,120.00 
 SBC57   10268010389  BAKER GERALD E               1253 PHILADELPHIA ST            INDIANA                PA  15701       39,930.00 
 SBC57   10268010429  REYNOLDS DAVID R             6333 ROUTE 227                  TRUMANSBURG            NY  14850       37,000.00 
 SBC57   10268010453  BARTEK CHRISTOPHER R         588 ADA POINTE DRIVE            ADA                    MI  49301       10,200.00 
 SBC57   10268010494  BROIDY RAYMOND               111 MANDALAY DRIVE              POUGHKEEPSIE           NY  12603       63,000.00 
 SBC57   10268010504  SIMS GEORGE W                2279 TITAN RIDGE DRIVE          DECATUR                GA  30035       20,500.00 
 SBC57   10268010512  JR. REGINALD T. SYKES        3506 CHALMERS DRIVE             WILMINGTON             NC  28409       18,954.00 
 SBC57   10268010605  KNIGHT JAMETTA               906 EAST BALTIMORE AVENUE       LINDEN                 NJ  07036       93,500.00 
 SBC57   10268010660  RICHARDSON MANUEL E          8746 NALLEY ROAD                VILLA RICA             GA  30180       55,000.00 
 SBC57   10268010661  MARKIEWICZ JOYCE M           1016 W WASHINGTON STREET        MOUNT PLEASANT         PA  15666       23,560.00 
 SBC57   10268010686  LIPSCHUTZ JAMES N            1084 VICTOR LN                  BRYN MAWR              PA  19010      296,000.00 
 SBC57   10268010743  MARCARIO ANTHONY F           438 BROOK TRAIL INDIAN PARK     GREENWOOD LAKE         NY  10925      114,750.00 
 SBC57   10268010746  LAMAR CHARLES                105 WILSON PLACE                FREEPORT               NY  11520       24,175.00 
 SBC57   10268010789  ZIZKA JEFFREY P              10 OBARA DR                     WINDHAM                CT  06280       16,750.00 
 SBC57   10268010816  GILBERT DONALD W             144 OSCAWANA LAKE RD            PUTNAM VALLEY          NY  10579      155,700.00 
 SBC57   10268010826  SKOLNIK MICHAEL B            638 PENN ESTATES                EAST STROUDSBURG       PA  18301       40,000.00 
 SBC57   10268010880  TIBERIO RICHARD              308 KEYSTONE AVENUE             JEANNETTE              PA  15644       25,600.00 
 SBC57   10268010899  LEWIS CECELIA                387 389 WOODLAND STREET         HARTFORD               CT  06112      108,000.00 
 SBC57   10268010920  DISPOTO CHRISTOPHER R        275 VREELAND AVE                MIDLAND PARK           NJ  07432       40,000.00 
 SBC57   10268010921  ZIMMERMAN CLARENCE W JR      230 SUSQUEHANNA AVE             EXETER                 PA  18643       37,000.00 
 SBC57   10268010979  FRIDIE PHILLIP               251 RHODES AVE                  HEMPSTEAD              NY  11550       95,000.00 
 SBC57   10268010989  MOYERS JAMES W.              5913 12TH STREET                ZEPHYRHILLS            FL  33540       52,200.00 
 SBC57   10268010990  DELTOSTA WILLIAM D           156 KENTVIEW DRIVE              CARMEL                 NY  10512       58,000.00 
 SBC57   10268011127  CURLEY TIMOTHY               15 LEA AVENUE                   MANORVILLE             NY  11949       18,800.00 
 SBC57   10268011169  RINEHART STEVEN J            3622 PICKETTS FORGE DRIVE       ACWORTH                GA  30101      144,000.00 
 SBC57   10268011175  BEAUDOIN DAWN A              44 MARION AVE                   WATERBURY              CT  06708       21,500.00 
 SBC57   10268011242  HOWELL DENISE                23 CENTRAL AVE                  NORTH BABYLON          NY  11703       94,000.00 
 SBC57   10268011253  RIBEIRO EMMANUEL F           42 ASH ST                       CENTRAL ISLIP          NY  11722       83,700.00 
 SBC57   10268011254  CARLSON DONALD S             21049 ILIADE AVENUE             PORT CHARLOTTE         FL  33952      123,250.00 
 SBC57   10268011263  OSBORN JIMMIE R              2014 RANCHITA TRAIL             HOLIDAY                FL  34690       25,500.00 
 SBC57   10268011264  BRANNAN WILLIAM H            5727 BURLINGTON AVENUE          ST PETERSBURG          FL  33710       67,500.00 
 SBC57   10268011330  HARDY PATRICK J              3713 HAMPSHIRE RD               TOBYHANNA              PA  18466       26,000.00 
 SBC57   10268011331  DORRELL KEITH J              1118 GLASTONBURY WAY            BEL AIR                MD  21014       25,500.00 
 SBC57   10268011343  GUZMAN NICHOLAS              82 BURHANS AVE                  YONKERS                NY  10701      188,000.00 
 SBC57   10268011446  AHMAD MIRZA                  111 CHERRY HL                   DE WITT                NY  13214       47,900.00 
 SBC57   10268011470  JASKO MATTHEW JR             85 MOUNTAINVIEW AVENUE          STATEN ISLAND          NY  10314       40,000.00 
 SBC57   10268011492  PULICE BONAVENTURA           36 CHESTNUT ST                  DUMONT                 NJ  07628       25,500.00 
 SBC57   10268011517  JOHNSON LOUETHEL T           15508 MINES LOOP ROAD           DOSWELL                VA  23047       56,000.00 
 SBC57   10268011531  DEPALMA MARIE                1913 HARMON STREET              RIDGEWOOD              NY  11385       25,000.00 
 SBC57   10268011561  TAYLOR MILDRED CATHRYN       2356 MICHIGAN AVENUE            KISSIMMEE              FL  34744       62,400.00 
 SBC57   10268011571  WHEELER JEROME E JR          3322 VAN ALLEN CIR              GREENSBORO             NC  27410       18,000.00 
 SBC57   10268011576  ACKERMAN GEORGE              48 CHERRY AVENUE                WEST SAYVILLE          NY  11796       20,000.00 
 SBC57   10268011633  SHUMATE HIROKO               5917 COMMONWEALTH CIRCLE        HANAHAN                SC  29406       93,520.00 
 SBC57   10268011636  BROWN EDDIE C SR             87 RICHMOND STREET              ATLANTA                GA  30315       24,500.00 
 SBC57   10268011638  WILSON MICHAEL RAY           506 SYDNEY STREET SE            ATLANTA                GA  30312       89,250.00 
 SBC57   10268011719  GREEN BENNY L                1629 CLEVELAND AVENUE SW        WYOMING                MI  49509       56,000.00 
 SBC57   10268011755  DIXON ALBERT P               2484 BAKER ROAD                 ATLANTA                GA  30318       23,000.00 
 SBC57   10268011765  WOODFILL BARRY T             224 EVE CIRCLE                  GRIFFIN                GA  30223       23,500.00 
 SBC57   10268011787  WHEELER TONI E               7838 YUCCA DRIVE                NEW PORT RICHEY        FL  34653       45,750.00 
 SBC57   10268011816  ROGOSZEWSKI BERNARD A        1503 MOHAWK PARKWAY             CAPE CORAL             FL  33914       17,400.00 
 SBC57   10268011878  SWANSON HOWARD R             57 CLEVELAND AVE                SAYVILLE               NY  11782      100,000.00 
 SBC57   10268011897  CARNEY FRANK E               802 S IRVINE AVE                SHARON                 PA  16146       17,000.00 
 SBC57   10268011930  ROSEN LAWRENCE               26 CLAY LN                      LEVITTOWN              NY  11756      140,750.00 
 SBC57   10268011990  ANGELO DANIEL                2059 RESERVOIR DRIVE            MIDDLETOWN             PA  17057       31,900.00 
 SBC57   10268012002  ROEDER TIMOTHY               331 FURNACE ST                  TOPTON                 PA  19562       63,750.00 
 SBC57   10268012018  AGEE PRISCILLA               8 FAIRVIEW LANE                 HAZLET                 NJ  07730       50,000.00 
 SBC57   10268012062  STREEPER ROBERT G            542 SOUTHWEST RAY AVENUE        PORT SAINT LUCIE       FL  34983       27,700.00 
 SBC57   10268012064  SCHULZ GORDON T              3580 RUSKIN AVENUE              BOYNTON BEACH          FL  33436       15,770.00 
 SBC57   10268012103  HAMPTON JEFFREY A            928 BUTTERNUT ROAD              COOPERSBURG            PA  18036       86,000.00 
 SBC57   10268012173  SIMMONS WILLIAM S            2279 WILLOW TREE TRAIL          CLEARWATER             FL  34623       12,212.00 
 SBC57   10268012175  MORGADO ALINA T              178 EVANS STREET                OSTERVILLE             MA  02655       60,000.00 
 SBC57   10268012176  LARUE RICHARD O              310-312 DERBY AVENUE            DERBY                  CT  06418      100,000.00 
 SBC57   10268012217  MEHLING ED                   7 RALEIGH LANE                  KINGS PARK             NY  11754       31,940.00 
                                                                                                            


<CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
 <C>     <S>             <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
 SBC57   10268010327        70,885.77     02/24/97     01/24/27     358.82     04/24/97    80.0       9.650         605.81
 SBC57   10268010389        39,930.00     04/04/97     03/04/12     180.10     04/04/97    84.8      12.750         498.66
 SBC57   10268010429        37,000.00     03/26/97     02/26/17     239.90     03/26/97    53.6       9.600         347.31
 SBC57   10268010453        10,180.20     03/10/97     02/10/12     179.38     04/10/97    79.7      13.750         134.13
 SBC57   10268010494        63,000.00     03/24/97     02/24/17     239.84     03/24/97    78.3      12.750         726.90
 SBC57   10268010504        20,358.42     03/17/97     02/17/12     179.61     04/17/97    90.0      11.250         236.23
 SBC57   10268010512        18,954.00     03/24/97     02/24/07     119.84     03/24/97    90.0      11.250         263.78
 SBC57   10268010605        93,500.00     03/10/97     02/10/12     179.38     04/10/97    85.0      11.850         950.97
 SBC57   10268010660        55,000.00     03/26/97     02/26/27     359.90     03/26/97    69.6      11.000         523.78
 SBC57   10268010661        23,560.00     04/05/97     03/05/12     180.13     04/05/97    84.9      12.350         248.71
 SBC57   10268010686       295,036.64     03/05/97     02/05/12     179.21     04/05/97    73.4      10.775       3,322.62
 SBC57   10268010743       114,750.00     03/10/97     02/10/12     179.38     04/10/97    85.0      12.750       1,246.98
 SBC57   10268010746        24,175.00     04/03/97     03/03/12     180.07     04/03/97    80.9      13.750         317.90
 SBC57   10268010789        16,699.08     03/24/97     02/24/12     179.84     04/24/97    85.0      10.300         183.08
 SBC57   10268010816       155,700.00     04/03/97     03/03/27     360.07     04/03/97    90.0      10.850       1,465.15
 SBC57   10268010826        39,859.62     03/27/97     02/27/12     179.93     04/27/97    86.5      11.750         473.65
 SBC57   10268010880        25,519.34     03/25/97     02/25/12     179.87     04/25/97    83.5      11.750         303.14
 SBC57   10268010899       108,000.00     03/20/97     02/20/12     179.70     03/20/97    80.0      13.850       1,266.85
 SBC57   10268010920        40,000.00     04/04/97     03/04/12     180.10     04/04/97    70.3      11.250         388.50
 SBC57   10268010921        36,856.90     01/03/97     12/03/16     237.11     04/03/97    63.7      10.500         369.40
 SBC57   10268010979        94,918.67     03/24/97     02/24/12     179.84     04/24/97    67.8       9.600         805.75
 SBC57   10268010989        52,200.00     03/19/97     02/19/12     179.67     03/19/97    90.0      11.250         507.00
 SBC57   10268010990        58,000.00     03/24/97     02/24/12     179.84     03/24/97    64.5       9.750         614.43
 SBC57   10268011127        18,800.00     04/01/97     03/01/12     180.00     04/01/97    89.9      12.000         225.63
 SBC57   10268011169       144,000.00     04/06/97     03/06/27     360.16     04/06/97    80.0      10.750       1,344.21
 SBC57   10268011175        21,500.00     04/07/97     03/07/07     120.20     04/07/97    89.0      12.000         308.46
 SBC57   10268011242        93,844.99     03/28/97     02/28/12     179.97     04/28/97    67.1       9.750         807.61
 SBC57   10268011253        83,700.00     03/01/97     02/01/12     179.00     04/01/97    90.0      11.750         844.88
 SBC57   10268011254       123,250.00     03/24/97     02/24/12     179.84     03/24/97    85.0      10.700       1,145.89
 SBC57   10268011263        25,386.60     03/24/97     02/24/12     179.84     04/24/97    60.0      11.750         301.95
 SBC57   10268011264        67,500.00     03/26/97     02/26/12     179.90     03/26/97    90.0      11.850         686.53
 SBC57   10268011330        26,000.00     04/04/97     03/04/17     240.10     04/04/97    87.0      11.350         274.59
 SBC57   10268011331        25,500.00     03/21/97     02/21/17     239.74     03/21/97    89.0      10.990         263.03
 SBC57   10268011343       188,000.00     03/05/97     02/05/12     179.21     04/05/97    80.0      10.750       1,754.94
 SBC57   10268011446        47,900.00     04/03/97     03/03/12     180.07     04/03/97    89.8      11.800         568.73
 SBC57   10268011470        39,931.35     03/24/97     02/24/12     179.84     04/24/97    89.8      12.000         411.45
 SBC57   10268011492        25,500.00     04/03/97     03/03/12     180.07     04/03/97    77.5      12.450         313.46
 SBC57   10268011517        56,000.00     04/05/97     03/05/27     360.13     04/05/97    80.0       9.650         477.02
 SBC57   10268011531        24,929.15     03/28/97     02/28/17     239.97     04/28/97    57.6       9.150         227.35
 SBC57   10268011561        62,400.00     04/05/97     03/05/12     180.13     04/05/97    80.0      10.850         587.19
 SBC57   10268011571        18,000.00     03/28/97     02/28/12     179.97     03/28/97    89.9      11.700         212.57
 SBC57   10268011576        20,000.00     04/04/97     03/04/12     180.10     04/04/97    13.5      10.750         224.19
 SBC57   10268011633        93,355.26     03/24/97     02/24/17     239.84     04/24/97    72.7       9.600         877.85
 SBC57   10268011636        24,336.71     03/18/97     02/18/27     359.64     04/18/97    58.3       9.950         214.10
 SBC57   10268011638        89,212.49     03/19/97     02/19/27     359.67     04/19/97    85.0      12.100         924.91
 SBC57   10268011719        55,827.71     03/24/97     02/24/17     239.84     04/24/97    74.6       9.650         527.49
 SBC57   10268011755        22,962.97     03/18/97     02/18/17     239.64     04/18/97    41.0      11.000         237.40
 SBC57   10268011765        23,429.01     03/24/97     02/24/12     179.84     04/24/97    38.5      10.400         258.31
 SBC57   10268011787        45,750.00     03/24/97     02/24/12     179.84     03/24/97    75.0      13.250         515.04
 SBC57   10268011816        17,400.00     03/20/97     02/20/12     179.70     03/20/97    79.6      13.100         221.30
 SBC57   10268011878       100,000.00     04/03/97     03/03/17     240.07     04/03/97    76.9      10.850       1,022.00
 SBC57   10268011897        16,924.64     03/24/97     02/24/07     119.84     04/24/97    53.1      12.250         246.36
 SBC57   10268011930       140,750.00     04/03/97     03/03/12     180.07     04/03/97    80.8      13.750       1,639.90
 SBC57   10268011990        31,825.75     03/24/97     02/24/12     179.84     04/24/97    84.9      12.990         403.40
 SBC57   10268012002        63,750.00     04/11/97     03/11/12     180.33     04/11/97    83.8      12.500         680.38
 SBC57   10268012018        49,869.36     03/17/97     02/17/12     179.61     04/17/97    28.7      11.100         571.44
 SBC57   10268012062        27,624.75     03/25/97     02/25/12     179.87     04/25/97    88.4      11.350         271.14
 SBC57   10268012064        15,770.00     03/26/97     02/26/12     179.90     03/26/97    85.9      11.800         187.24
 SBC57   10268012103        86,000.00     03/20/97     02/20/12     179.70     03/20/97    64.4       9.750         738.87
 SBC57   10268012173        12,212.00     03/28/97     02/28/12     179.97     03/28/97    80.0      13.500         158.55
 SBC57   10268012175        60,000.00     04/03/97     03/03/12     180.07     04/03/97    13.4      10.750         672.57
 SBC57   10268012176       100,000.00     04/05/97     03/05/27     360.13     04/05/97    80.0      11.750       1,009.41
 SBC57   10268012217        31,940.00     04/03/97     03/03/12     180.07     04/03/97    89.9      11.800         323.63
                                                                                                            
</TABLE>



<PAGE>

<TABLE>
                                                                                                                   Page 5  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal  
                                                                                                               Zip       Balance at 
Sale ID    Account       Name                         Address                         City                St   Code     Origination 
- ------------------------------------------------------------------------------------------------------------------------------------
  <C>    <S>          <C>                          <C>                             <C>                    <C> <C>      <C>          
 SBC57   10268012243  JACKSON JERRY W.             6758 OLD LOWERY ROAD            SHANNON                NC  28386       41,600.00 
 SBC57   10268012254  GRECO THOMAS                 3813 BEECHWOOD PL               SEAFORD                NY  11783       36,000.00 
 SBC57   10268012301  BALCHAN RODNEY               130-29 58TH ROAD                FLUSHING               NY  11355       36,000.00 
 SBC57   10268012312  BARAONA LOUIS A              1044 N. CASEY KEY ROAD          OSPREY                 FL  34229      160,000.00 
 SBC57   10268012326  BROWN ROBERT STEVEN          9907 CROFTON LANE               PORT RICHEY            FL  34668       36,890.00 
 SBC57   10268012349  KEAN BERNARD E               14400 LINDEN DRIVE              SPRING HILL            FL  34609       24,250.00 
 SBC57   10268012360  VALENTI JOSEPH               239 MOUNTAIN WAY                LYNDHURST              NJ  07071      136,000.00 
 SBC57   10268012400  REBOLI LOUIS                 25 LOTOWANA LANE                STONY BROOK            NY  11790       28,000.00 
 SBC57   10268012420  KU SU LIANG                  6427 FIRST PALM POINT STREET    ST PETERSBURG BEACH    FL  33706       77,500.00 
         -----------------------------------                                                                           -------------
              135     Sale Total                                                                                       8,319,134.00 



<CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
  <C>    <S>             <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
 SBC57   10268012243        41,600.00     04/05/97     03/05/12     180.13     04/05/97    80.0      10.650         385.20
 SBC57   10268012254        36,000.00     04/03/97     03/03/17     240.07     04/03/97    89.8      11.600         386.40
 SBC57   10268012301        36,000.00     03/28/97     02/28/12     179.97     03/28/97    89.9      12.600         387.01
 SBC57   10268012312       160,000.00     03/26/97     02/26/17     239.90     03/26/97    68.2      11.250       1,678.81
 SBC57   10268012326        36,890.00     04/10/97     03/10/12     180.30     04/10/97    85.0       9.400         307.50
 SBC57   10268012349        24,250.00     03/25/97     02/25/12     179.87     03/25/97    84.8      12.750         302.84
 SBC57   10268012360       135,612.75     03/28/97     02/28/17     239.97     04/28/97    60.4       9.800       1,294.46
 SBC57   10268012400        28,000.00     04/04/97     03/04/12     180.10     04/04/97    16.8       9.600         294.07
 SBC57   10268012420        77,500.00     04/03/97     03/03/17     240.07     04/03/97    69.9       9.400         717.35
         ----------------------------                               ------                 -------------------------------
              135        8,270,525.32                               213.49                 76.2      11.639      87,728.81

</TABLE>



<PAGE>

<TABLE>
                                                                                                                  Page 6  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal 
                                                                                                               Zip       Balance at
Sale ID    Account       Name                         Address                         City                St   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------------
  <C>    <S>          <C>                          <C>                             <C>                    <C> <C>        <C>  
 SBC58   10268012423  BROUGHAM TRACY O             6919 OLDGATE CIRCLE             NEW PORT RICHEY        FL  34655       23,000.00
 SBC58   10268012426  MARTINEZ MARI R              8824 SOUTH LAGOON STREET        TAMPA                  FL  33615       17,000.00
 SBC58   10268012435  OBRIEN ROBERT F              33 SWEZEY PLACE                 MONROE                 NY  10950       39,000.00
 SBC58   10268012436  EVENS ROBERT A               2295 RED ROSE LANE              LOGANVILLE             GA  30249       22,500.00
 SBC58   10268012593  DALY JOHN J JR               547 HERRICK DRIVE               DOVER                  NJ  07801       16,000.00
 SBC58   10268012684  KANE JAMES J                 4030 WALBERT AVE                ALLENTOWN              PA  18104       25,400.00
 SBC58   10268012797  BUTLER PATRICIA KENNEDY      1623 WEBSTER STREET NW          WASHINGTON             DC  20011       41,280.00
 SBC58   10268012869  ETTLIN MARK K                425 NYES PLACE                  LAGUNA BEACH           CA  92651       41,978.00
 SBC58   10268012891  CARRILLO ANTHONY C           1848 SOUTHGATE AVENUE           FULLERTON              CA  92833       28,000.00
 SBC58   10268012967  BAITA DARLENE E              3232 PETERBOROUGH STREET        HOLIDAY                FL  34690       31,800.00
 SBC58   10268012996  HAUSER ANTHONY C             972 WASHINGTON AVE              NORTHAMPTON            PA  18067       76,500.00
 SBC58   10268013009  NABAL RANDALL A JR           4209 HOLLOWTRAIL DRIVE          TAMPA                  FL  33624       19,380.00
 SBC58   10268013017  HALBERT JANET L              1635 48TH AVENUE NORTH          ST PETERSBURG          FL  33714       11,250.00
 SBC58   10268013057  TERRELL JAMES WELDON         2450 CLIFTON SPRINGS MANOR      DECATUR                GA  30034       68,800.00
 SBC58   10268013159  SOBEL LEIGH H                1100 CUTSPRING RD               STRATFORD              CT  06497       39,600.00
 SBC58   10268013226  HAMMOCK TIMMY C              143 SOUTH CARLETON              BATTLE CREEK           MI  49017       50,500.00
 SBC58   10268013307  ROBINSON LEE B               2543 E 29TH STREET              OAKLAND                CA  94602       92,000.00
 SBC58   10268013340  HERRERA MARTA                3513 MONICA PARKWAY             SARASOTA               FL  34235       49,400.00
 SBC58   10268013476  FISHER GEORGE ELLIS JR       461 ASH ST                      BROCKTON               MA  02401       50,000.00
 SBC58   10268013540  KELLER HARRY W II            3226 COURT AVE                  ERIE                   PA  16506       46,300.00
 SBC58   10268013671  WADE LAUREL                  144-12 SHORE AVENUE             JAMAICA                NY  11435       64,000.00
 SBC58   10268013708  WILKERSON DAVID J            405 ELM AVE                     GLEN BURNIE            MD  21061       23,000.00
 SBC58   10268014034  RAMBOW GEORGE H              5314 SE JENNINGS AVE            MILWAUKIE              OR  97267       29,675.00
 SBC58   10268014532  FRAZIS PAVLOS                143-08 21ST ROAD                WHITESTONE             NY  11357       65,000.00
         -----------------------------------                                                                             ----------
               24     Sale Total                                                                                         971,363.00
                                                                                                            


<CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
  <C>    <S>             <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
 SBC58   10268012423        22,936.36     03/25/97     02/25/12     179.87     04/25/97    81.6      10.250         250.69
 SBC58   10268012426        17,000.00     03/28/97     02/28/17     239.97     03/28/97    23.9      10.850         173.74
 SBC58   10268012435        39,000.00     03/28/97     02/28/17     239.97     03/28/97    33.0       9.800         371.21
 SBC58   10268012436        22,427.65     03/19/97     02/19/12     179.67     04/19/97    84.7      12.750         280.99
 SBC58   10268012593        16,000.00     04/04/97     03/04/07     120.10     04/04/97    85.3      12.500         234.20
 SBC58   10268012684        25,240.62     01/03/97     12/03/11     177.11     04/03/97    80.1      12.500         313.06
 SBC58   10268012797        41,280.00     04/04/97     03/04/12     180.10     04/04/97    84.9      13.000         456.64
 SBC58   10268012869        41,978.00     03/26/97     02/26/17     239.90     03/26/97    85.9      12.750         484.35
 SBC58   10268012891        28,000.00     03/28/97     02/28/12     179.97     03/28/97    84.5      10.550         310.38
 SBC58   10268012967        31,800.00     04/04/97     03/04/12     180.10     04/04/97    75.3      11.750         376.55
 SBC58   10268012996        76,500.00     04/05/97     03/05/27     360.13     04/05/97    85.0      12.500         816.45
 SBC58   10268013009        19,380.00     04/10/97     03/10/17     240.30     04/10/97    89.9      11.850         211.37
 SBC58   10268013017        11,250.00     03/28/97     02/28/12     179.97     03/28/97    22.5      13.750         147.94
 SBC58   10268013057        68,800.00     04/07/97     03/07/27     360.20     04/07/97    80.0      10.500         629.34
 SBC58   10268013159        39,542.99     02/21/97     01/21/17     238.72     04/21/97    90.0      12.250         442.95
 SBC58   10268013226        50,500.00     04/05/97     03/05/17     240.13     04/05/97    81.4       9.650         475.68
 SBC58   10268013307        91,788.97     03/27/97     02/27/27     359.93     04/27/97    80.0      10.990         875.44
 SBC58   10268013340        49,400.00     03/28/97     02/28/12     179.97     03/28/97    65.0      11.250         479.80
 SBC58   10268013476        50,000.00     04/11/97     03/11/27     360.33     04/11/97    58.8      10.500         457.37
 SBC58   10268013540        46,215.65     02/06/97     01/06/12     178.22     04/06/97    81.4      12.950         510.36
 SBC58   10268013671        64,000.00     03/25/97     02/25/12     179.87     03/25/97    80.0      13.000         707.97
 SBC58   10268013708        23,000.00     04/10/97     03/10/12     180.30     04/10/97    84.6      10.900         259.97
 SBC58   10268014034        29,675.00     05/01/97     04/01/12     181.00     05/01/97    86.8      11.400         344.78
 SBC58   10268014532        65,000.00     04/10/97     03/10/12     180.30     04/10/97    80.8      11.000         738.79
         ----------------------------                               ------                 -------------------------------
               24          970,715.24                               244.94                 76.8      11.541      10,350.02

</TABLE>



<PAGE>

<TABLE>
                                                                                                                   Page 7  3/27/97
ALLIANCE FUNDING COMPANY                                                    SALE SCHEDULE
A DIVISION OF SUPERIOR BANK FSB            1997-1 CLASS 1 -- 1ST SUBSEQUENT TRANSFER OF FIXED RATE MORTGAGES -- SETTLEMENT 3/27/97

<CAPTION>
                                                                                                                         Principal 
                                                                                                               Zip       Balance at
Sale ID    Account       Name                         Address                         City                St   Code     Origination
- -----------------------------------------------------------------------------------------------------------------------------------
  <C>    <S>          <C>                          <C>                             <C>                    <C> <C>     <C>         
 SBCL15  10266137447  SHOVER MARK W                26 WHITE STREET                 COHOES                 NY  12047      157,500.00
 SBCL15  10266137871  HYDE ANTHONY                 5115 S DREXEL AVE               CHICAGO                IL  60615      220,000.00
 SBCL15  10266139370  MERCHAN JUSTO                59 SKILLMAN AVE                 JERSEY CITY            NJ  07306      250,000.00
 SBCL15  10266140137  RUDDER ALFRED                430 HALSEY STREET               BROOKLYN               NY  11233      115,000.00
 SBCL15  10266141225  RHETT ROBERT                 738 EAST 21ST STREET            BROOKLYN               NY  11210      381,500.00
 SBCL15  10266141267  XANON CORP                   385 MANHATTAN AVENUE            NEW YORK               NY  10026       91,000.00
 SBCL15  10266141707  PRINGLE RICKIE               271 HALSEY STREET               BROOKLYN               NY  11216      112,000.00
 SBCL15  10266141769  CLARDY IRENE                 5116-18 S. INDIANA              CHICAGO                IL  60615      214,500.00
 SBCL15  10266142639  OUTAR SUGRIM                 11-21 47TH ROAD & 11-23 47TH    LONG ISLAND CITY       NY  11101      282,000.00
 SBCL15  10266143429  BRIDGES JAMES                108-02 GUY BREWER BOULEVARD     JAMAICA                NY  11433      147,000.00
 SBCL15  10266143451  GRIFFIN DORIS G              3536-44 W JACKSON BLVD          CHICAGO                IL  60624      231,000.00
         -------------------------------------                                                                        -------------
               11     Sale Total                                                                                       2,201,500.00
              295     Total with Superior Bank                                                                        17,606,180.00
              295     Grand Total                                                                                     17,606,180.00



<CAPTION>
                          Cut-off Date      First                                        Original    Current     Scheduled
                           Principal       Payment     Maturity       Rem        Date      LTV       Mortgage     Payment
Sale ID    Account          Balance          Date        Date        Term        Due       Ratio      Rate       Int & Prin
- --------------------------------------------------------------------------------------------------------------------------
  <C>    <S>             <C>              <C>          <C>          <C>        <C>         <C>       <C>        <C>   
 SBCL15  10266137447       157,156.83     03/01/97     02/01/12     179.00     04/01/97    70.0      11.100       1,800.04
 SBCL15  10266137871       220,000.00     02/01/97     01/01/12     178.00     03/01/97    55.0      15.500       2,903.44
 SBCL15  10266139370       249,907.27     03/01/97     02/01/12     179.00     04/01/97    50.0      14.000       3,009.40
 SBCL15  10266140137       115,000.00     03/01/97     02/01/12     179.00     03/01/97    63.8      11.700       1,358.08
 SBCL15  10266141225       381,500.00     04/01/97     03/01/12     180.00     04/01/97    70.0      11.100       4,360.10
 SBCL15  10266141267        91,000.00     04/01/97     03/01/12     180.00     04/01/97    65.0      11.500       1,063.05
 SBCL15  10266141707       112,000.00     04/01/97     03/01/12     180.00     04/01/97    64.0      11.100       1,280.03
 SBCL15  10266141769       214,032.64     03/01/97     02/01/12     179.00     04/01/97    65.0      11.100       2,451.49
 SBCL15  10266142639       282,000.00     04/01/97     03/01/12     180.00     04/01/97    52.2      13.200       3,223.04
 SBCL15  10266143429       147,000.00     04/01/97     03/01/12     180.00     04/01/97    70.0      12.300       1,792.72
 SBCL15  10266143451       231,000.00     04/01/97     03/01/12     180.00     04/01/97    70.0      11.100       2,640.06
         ----------------------------                               ------                 -------------------------------
               11        2,200,596.74                               179.47                 62.6      12.266      25,881.45
              295       17,553,283.92                               216.03                 76.4      11.741     188,263.65
              295       17,553,283.92                               216.03                 76.4      11.741     188,263.65

</TABLE>

<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Company                                                             Sale Schedule A
A division of Superior Bank FSB          1997-1 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 1  3/27/97

                                                                                                                        Principal 
                                                                                                               Zip      Balance at
Sale ID    Account       Name                         Address                      City               State   Code     Origination
- ----------------------------------------------------------------------------------------------------------------------------------
<C>      <S>          <C>                          <C>                            <C>                   <C>   <C>       <C>       
 SB553   10216127003  AL-HAMID HASSAN              6751 WOODMONT                  DETROIT               MI    48228     51,700.00 
 SB553   10216137222  BANKS MELVIN                 3965 W. ONTARIO AVENUE         CHICAGO               IL    60624     56,000.00 
 SB553   10216138327  GREEN DEBRA R                214 N GLOVER STREET            TWISP                 WA    98856     72,000.00 
 SB553   10216138943  CAMACHO ANTONIO              1653 NORTH WHIPPLE             CHICAGO               IL    60647     83,000.00 
 SB553   10216139661  DAVIS J VANCE                120 NORTH 400 EAST             SALEM                 UT    84653     88,500.00 
 SB553   10216139981  FLEXEN WILLIAM T             19769 SW BELLAVISTA COURT      BEAVERTON             OR    97007    390,000.00 
 SB553   10216140087  BACK DONALD T                2448 W SUNRISE DRIVE           PHOENIX               AZ    85041     90,100.00 
 SB553   10216140225  COGGINS MARVIN L             2096 WEST WESTFIELD CIRCLE     WEST JORDAN           UT    84084     58,590.00 
 SB553   10216140404  LUCHAU J TARA                7471 WEBSTER STREET            ARVADA                CO    80003    110,500.00 
 SB553   10216140602  BIRKENHAUER CARLA ANN        132 16TH STREET                NEWPORT               KY    41071     69,700.00 
 SB553   10216140622  BOOHER MARK                  9583 SOUTH TARBERT CIRCLE      SOUTH JORDAN          UT    84095    132,600.00 
 SB553   10216140707  SMITH DANIEL J               1512 BERTHA AVENUE             BREMERTON             WA    98312     96,000.00 
 SB553   10216140776  GUTOWSKI FRANK JR            3620 SOUTH CUSHMAN AVENUE      TACOMA                WA    98408     61,600.00 
 SB553   10216140848  KAISER REBECCA K             518-520 NORTH WEST ST.         LIMA                  OH    45801     43,200.00 
 SB553   10216140896  LANKTON MARGERY MILLER       415 GALE STREET                ELGIN                 IL    60123     80,000.00 
 SB553   10216141062  TERRANOVA ROCHELLE M         1204 MONICA LANE               SAN JOSE              CA    95128    189,000.00 
 SB553   10216141103  VAN DYKE MICHAEL P           6284 BUENA VISTA               LEXINGTON             MI    48450    160,000.00 
 SB553   10216141106  NERO ESSIC G                 19375 WISCONSIN                DETROIT               MI    48221     56,800.00 
 SB553   10216141218  AL-THIHABAWY ISMAEL          7319 BRACE                     DETROIT               MI    48228     36,900.00 
 SB553   10216141295  GOLDAS PAWEL                 1035 NORTH HOYNE AVENUE        CHICAGO               IL    60622    166,500.00 
 SB553   10216141301  MENDOZA MARIA G              2335 WEST 21ST STREET          CHICAGO               IL    60608    144,500.00 
 SB553   10216141311  TOBIASKI JAMES L             3 S. REUTER                    ARLINGTON HEIGHTS     IL    60005    148,700.00 
 SB553   10216141329  DAVIS ARLYN SCOTT            321 SE 68TH AVENUE             HILLSBORO             OR    97124    148,750.00 
 SB553   10216141346  GRAF ARSENIUS FRANCES        12675 EUDORA STREET            THORNTON              CO    80241     89,250.00 
 SB553   10216141419  JONES KATHLEEN J             6395 ALMADEN EXPRESSWAY        SAN JOSE              CA    95120    249,000.00 
 SB553   10216141455  VAHLE JAMES A                1306 DARTFORD COURT            NAPERVILLE            IL    60540    184,000.00 
 SB553   10216141495  RYAN ROBIN                   27376 DELTON                   MADISON HEIGHTS       MI    48071     46,500.00 
 SB553   10216141504  SEMAK ROBERT M               14881 ALBERTA                  WARREN                MI    48089     52,000.00 
 SB553   10216141507  SUMBLER SUSAN P              580 WOOD VALLEY                ORTONVILLE            MI    48462    138,500.00 
 SB553   10216141509  GRIFFITH FREDERICK G         552 BELMONT AVE.               NEENAH                WI    54956     82,400.00 
 SB553   10216141510  DAHOUD ROSE                  6108 BARRIE                    DEARBORN              MI    48126     79,200.00 
 SB553   10216141593  ROBINSON THEODORE C          58241 ROMEO PLANK              RAY                   MI    48096     68,000.00 
 SB553   10216141611  VARGAS EFREN                 18615 NORTH 30TH PLACE         PHOENIX               AZ    85024    113,250.00 
 SB553   10216141683  AL-NAJAAR ALI                7233 BARRIE                    DEARBORN              MI    48126     71,200.00 
 SB553   10216141760  SOBH ALI M                   6877 RUTHERFORD                DETROIT               MI    48228     36,000.00 
 SB553   10216141858  STARK TAMERA M               12377 BROOKSIDE DR.            CROWN POINT           IN    46307     89,000.00 
 SB553   10216141865  MEACHAM MARVIN L             155 THIRD                      METAMORA              MI    48455     64,000.00 
 SB553   10216141883  MILLER DAVID R               1017 NORTH SOMERSET CIRCLE     MESA                  AZ    85205     93,600.00 
 SB553   10216141945  REEVES TARON                 5427 EAST CHUPAROSA LANE       CAVE CREEK            AZ    85331    221,000.00 
 SB553   10216141965  BLACKBURN MARY               1872 TAYLOR RD.                EAST CLEVELAND        OH    44112     56,000.00 
 SB553   10216141987  JOHNSON DOUGLAS E            620 SEMINOLE STREET            OSCEOLA               WI    54020     54,400.00 
 SB553   10216142016  SAM FONG WINSTON KAULANA     840 NORTH TWIN LAKES DRIVE     ST GEORGE             UT    84770    139,500.00 
 SB553   10216142034  WALLACE SAMUEL D             3032 YORK STREET               DENVER                CO    80207     72,000.00 
 SB553   10216142065  TIRBASO BARBARA A            3994 GRAFTON ROAD              BRUNSWICK             OH    44212    120,000.00 
 SB553   10216142068  TADROS HANI                  10012 S. PARKE AVENUE          OAK LAWN              IL    60453    148,000.00 
 SB553   10216142075  FOLTA HELGA K                4489 WOLFF DRIVE               BRUNSWICK             OH    44212    102,000.00 
 SB553   10216142080  SIMS WYONA F                 7522 S. ABERDEEN               CHICAGO               IL    60620     68,000.00 
 SB553   10216142092  AL-AKOUBI ABBAS              7534 MANSFIELD                 DETROIT               MI    48228     29,700.00 
 SB553   10216142152  PERKINS REGINALD A           2555 BELVOIR BLVD.             CLEVELAND             OH    44121     52,000.00 
 SB553   10216142158  GONZALEZ GERARDO             737 NORTH ELIZABETH STREET     CHICAGO               IL    60622    130,500.00 
 SB553   10216142169  BYORTH-DETRIO LINDA S        77 JAMES                       ORTONVILLE            MI    48462     97,100.00 
 SB553   10216142235  TWIFORD HYLAS H              3106 PINEWOOD AVENUE           BELLINGHAM            WA    98225     97,000.00 
 SB553   10216142273  AL-KHAFAJI ALAA              6551 COLEMAN                   DEARBORN              MI    48126     82,400.00 
 SB553   10216142351  PRATT TERRANCE J             42706 SOMERSET                 CANTON                MI    48187    112,200.00 
 SB553   10216142358  JAAFAR HUSSEIN               26123 TIMBER TRAIL             DEARBORN HEIGHTS      MI    48127    242,200.00 
 SB553   10216142359  AL-WISHAH NADA               7280 ROSEMONT                  DETROIT               MI    48228     46,000.00 
 SB553   10216142361  NASSER ABRAHIM               7045-47 APPOLINE               DEARBORN              MI    48126    109,800.00 
 SB553   10216142365  FROEHLICH MARK ERWIN         3604 MINTON                    ORION                 MI    48359    114,700.00 
 SB553   10216142368  HERRERA GERARDO              8882 WEST STANFORD AVENUE      LITTLETON             CO    80123     99,450.00 
 SB553   10216142400  MONASTERIO WINIEFREDO        2215 CHIPPLEGATE WAY           NORTH LAS VEGAS       NV    89030     80,280.00 
 SB553   10216142405  THOMAS ROB R                 8514 SOUTH FLOWER STREET       LITTLETON             CO    80123     95,600.00 
<CAPTION>
                        Cut-off Date   First                Initial  Minimum  Maximum
                         Principal    Payment     Maturity Mortgage Mortgage Mortgage   Gross
Sale ID    Account        Balance       Date        Date     Rate     Rate     Rate    Margin
- ---------------------------------------------------------------------------------------------
<C>      <S>           <C>            <C>         <C>       <C>      <C>     <C>       <C>  
 SB553   10216127003     51,580.58    11/01/96    10/01/26   9.875    9.875   15.875    5.750
 SB553   10216137222     55,941.71    01/01/97    12/01/26   9.250    9.250   15.250    7.750
 SB553   10216138327     71,948.40    02/01/97    01/01/27  11.000   10.000   17.000    6.750
 SB553   10216138943     82,920.16    03/01/97    02/01/27   9.625    8.625   15.625    5.000
 SB553   10216139661     88,500.00    05/01/97    04/01/27  10.750    9.750   16.750    6.000
 SB553   10216139981    390,000.00    04/01/97    03/01/27  12.125   11.125   18.125    7.000
 SB553   10216140087     90,052.06    04/01/97    03/01/27   9.125    9.125   15.125    5.500
 SB553   10216140225     58,499.31    03/01/97    02/01/27  10.500    9.500   16.500    6.250
 SB553   10216140404    110,500.00    04/01/97    03/01/27  11.000   10.000   17.000    6.500
 SB553   10216140602     69,700.00    04/01/97    03/01/27  10.500   10.500   16.500    5.750
 SB553   10216140622    132,501.69    03/01/97    02/01/27  10.875   10.875   16.875    7.500
 SB553   10216140707     95,964.83    04/01/97    03/01/27  10.875   10.875   16.875    7.250
 SB553   10216140776     61,600.00    04/01/97    03/01/27  10.875   10.875   16.875    7.250
 SB553   10216140848     43,200.00    04/01/97    03/01/27  10.500    9.500   16.500    5.750
 SB553   10216140896     79,972.99    04/01/97    03/01/27  11.250   10.250   17.250    6.000
 SB553   10216141062    189,000.00    04/01/97    03/01/27   8.500    7.500   14.500    4.000
 SB553   10216141103    159,921.30    04/01/97    03/01/27   9.500    9.500   15.500    5.500
 SB553   10216141106     56,800.00    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SB553   10216141218     36,900.00    04/01/97    03/01/27  10.250    9.250   16.250    5.750
 SB553   10216141295    166,500.00    04/01/97    03/01/27   9.875    9.875   15.875    6.000
 SB553   10216141301    144,500.00    04/01/97    03/01/27  10.500    9.500   16.500    5.750
 SB553   10216141311    148,700.00    04/01/97    03/01/27  11.125   10.125   17.125    6.250
 SB553   10216141329    148,750.00    04/01/97    03/01/27  11.875   10.875   17.875    7.375
 SB553   10216141346     89,250.00    04/01/97    03/01/27  10.125   10.125   16.125    6.500
 SB553   10216141419    249,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.750
 SB553   10216141455    184,000.00    04/01/97    03/01/27   9.500    8.500   15.500    5.250
 SB553   10216141495     46,479.43    04/01/97    03/01/27  10.000   10.000   16.000    6.000
 SB553   10216141504     52,000.00    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SB553   10216141507    138,500.00    03/01/97    02/01/27   9.000    8.000   15.000    5.500
 SB553   10216141509     82,400.00    04/01/97    03/01/27  12.250   11.250   18.250    7.500
 SB553   10216141510     79,200.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216141593     68,000.00    04/01/97    03/01/27   8.875    7.875   14.875    4.750
 SB553   10216141611    113,250.00    04/01/97    03/01/27  11.250   10.250   17.250    6.750
 SB553   10216141683     71,200.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216141760     36,000.00    04/01/97    03/01/27   8.875    7.875   14.875    3.750
 SB553   10216141858     89,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216141865     64,000.00    04/01/97    03/01/27  12.750   11.750   18.750    8.500
 SB553   10216141883     93,570.90    04/01/97    03/01/27  11.625   10.625   17.625    7.000
 SB553   10216141945    221,000.00    04/01/97    03/01/27   9.125    9.125   15.125    5.500
 SB553   10216141965     56,000.00    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SB553   10216141987     54,386.84    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SB553   10216142016    139,500.00    04/01/97    03/01/27   8.875    8.875   14.875    5.250
 SB553   10216142034     72,000.00    04/01/97    03/01/27  12.250   11.250   18.250    7.250
 SB553   10216142065    120,000.00    04/01/97    03/01/27   8.875    7.875   14.875    3.750
 SB553   10216142068    148,000.00    04/01/97    03/01/27   9.500    9.500   15.500    6.750
 SB553   10216142075    102,000.00    04/01/97    03/01/27  11.500   10.500   17.500    6.750
 SB553   10216142080     68,000.00    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SB553   10216142092     29,700.00    04/01/97    03/01/27  10.500    9.500   16.500    5.750
 SB553   10216142152     52,000.00    05/01/97    04/01/27  12.750   11.750   18.750    7.500
 SB553   10216142158    130,500.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216142169     97,100.00    04/01/97    03/01/27   9.250    8.250   15.250    5.500
 SB553   10216142235     97,000.00    04/01/97    03/01/27   9.000    8.000   15.000    4.500
 SB553   10216142273     82,400.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216142351    112,164.14    04/01/97    03/01/27  11.500   10.500   17.500    6.750
 SB553   10216142358    242,200.00    04/01/97    03/01/27  10.325   10.325   16.325    6.500
 SB553   10216142359     46,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216142361    109,800.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216142365    114,700.00    04/01/97    03/01/27   8.875    7.875   14.875    4.750
 SB553   10216142368     99,450.00    04/01/97    03/01/27  10.250    9.250   16.250    6.000
 SB553   10216142400     80,280.00    04/01/97    03/01/27  10.125   10.125   16.125    6.500
 SB553   10216142405     95,570.28    04/01/97    03/01/27  11.625   10.625   17.625    7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Company                                                             Sale Schedule A
A division of Superior Bank FSB          1997-1 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 2  3/27/97

                                                                                                                        Principal 
                                                                                                               Zip      Balance at
Sale ID    Account       Name                         Address                      City               State   Code     Origination
- ----------------------------------------------------------------------------------------------------------------------------------
<C>      <S>          <C>                          <C>                            <C>                   <C>   <C>   <C>           
 SB553   10216142421  FLEMING STEPHEN H            8018 KOOY DRIVE                MUNSTER               IN    46321     86,000.00 
 SB553   10216142449  TOMASZEWSKI GERALDINE A      6952 CARRIAGE HILLS DRIVE      CANTON TOWNSHIP       MI    48187     65,000.00 
 SB553   10216142468  ATENCIO MARCELLO G           912 FOUNTAIN BOULEVARD EAST    COLORADO SPRINGS      CO    80903     66,300.00 
 SB553   10216142539  GRIGGS DAVID T               45504 PLATT                    UTICA                 MI    48317     80,700.00 
 SB553   10216142546  ALDIRAWI QASSIM              6864 WINTHROP                  DETROIT               MI    48228     37,600.00 
 SB553   10216142569  STRACHAN JAMES E             6401 EAST WALTANN LANE         SCOTTSDALE            AZ    85254    147,475.00 
 SB553   10216142615  MCCLURE MARK R               12529 S. LOOMIS ST.            CALUMET PARK          IL    60643     50,400.00 
 SB553   10216142631  ALHANNA IMAD                 24526 SCOTT                    DEARBORN              MI    48124    120,800.00 
 SB553   10216142692  DANIELS DONALD G             1707 ESTATES DRIVE             MOUNT PROSPECT        IL    60056    220,000.00 
 SB553   10216142713  CAMPOS JESUS                 2108 4TH AVENUE NORTH          MINNEAPOLIS           MN    55405     58,500.00 
 SB553   10216142747  DAWSON CECILE D              1660 CLINTON STREET            AURORA                CO    80010     51,562.00 
 SB553   10216142757  BROWN WILLIAM MOELLER        1502 WEST ST JOHN ROAD         PHOENIX               AZ    85023     58,500.00 
 SB553   10216142779  NICOLI ANGELO                124 N. COLUMBIA AVE.           OGLESBY               IL    61348     63,000.00 
 SB553   10216142798  FIROSZ ZBIGNIEW              4714 NORTH DAMEN AVENUE        CHICAGO               IL    60625    270,000.00 
 SB553   10216142801  FOGG ULYSSES                 9047 S. CRANDON AVENUE         CHICAGO               IL    60617     86,700.00 
 SB553   10216142804  THOMPSON JAMES M             5941 WOODS POINT DRIVE         MILFORD               OH    45150    132,500.00 
 SB553   10216142816  ROMERO FERMIN P              3031 PAWNEE COURT              INDIANAPOLIS          IN    46236     45,100.00 
 SB553   10216142819  HOFFER BRIAN                 963 CONGRESS STREET            MARION                OH    43302     50,400.00 
 SB553   10216142877  RAMIREZ JESUS                3224 N. KENNETH                CHICAGO               IL    60641    175,900.00 
 SB553   10216142917  BEATTY JEFF M                1805 EAST 2700 SOUTH           SALT LAKE CITY        UT    84106    128,000.00 
 SB553   10216142920  SAVARE ERNEST JR             1722 SOUTH CUSHMAN AVENUE      TACOMA                WA    98405    113,400.00 
 SB553   10216142948  WOLFE NORMAN                 1703 SOUTH URBAN WAY           LAKEWOOD              CO    80228    119,000.00 
 SB553   10216142992  JOKISCH JR PAUL H            2677 BRIDLE                    BLOOMFIELD HILLS      MI    48304    155,000.00 
 SB553   10216143003  AL-ZEHIRI MOHAMMED           7115 MEAD                      DEARBORN              MI    48126     99,900.00 
 SB553   10216143004  AL-HECHIMI MEHAL             6455 TERNES                    DEARBORN              MI    48126     67,500.00 
 SB553   10216143007  HAMMOUD ALI                  4921 WILLIAMSON                DEARBORN              MI    48126     56,700.00 
 SB553   10216143034  BUSH MARK                    18016 NORTH 6TH DRIVE          PHOENIX               AZ    85023    118,650.00 
 SB553   10216143036  FOKOS GEORGE                 1650 NORTH PIMA ROAD #10B      SCOTTSDALE            AZ    85257     27,300.00 
 SB553   10216143037  FOKOS GEORGE                 1650 NORTH PIMA ROAD #7        SCOTTSDALE            AZ    85257     20,350.00 
 SB553   10216143053  BUELL REED P                 5716 NUGGET COURT NE           ALBUQUERQUE           NM    87111    161,250.00 
 SB553   10216143070  BANKS ANTHONY C              7680 COON CLUB RD.             MEDINA                OH    44256    127,500.00 
 SB553   10216143084  MALONE JOHNETTA              1474 W. BOSTON                 DETROIT               MI    48206     49,000.00 
 SB553   10216143120  EIDENBOCK CARL L             4339 WEST JULIE DRIVE          GLENDALE              AZ    85308    115,200.00 
 SB553   10216143171  LAPAPA BEATRICE M            5404 SOUTH MOBILE AVENUE       CHICAGO               IL    60638    100,000.00 
 SB553   10216143213  COVINGTON CARRIE             8657 DEERING                   YPSILANTI             MI    48198     64,000.00 
 SB553   10216143218  MOWERY GARY A                ROUTE 3 BOX 117                WESTBY                WI    54667     71,700.00 
 SB553   10216143290  OLSZYNSKA JOANNA             4239 S. MICHIGAN               CHICAGO               IL    60653    100,000.00 
 SB553   10216143296  MARTINO JUSTIN               1691 CHARLES DRIVE             GLENDALE HEIGHTS      IL    60139    113,000.00 
 SB553   10216143368  JELEN FRANCIS J              1600 THACKER STREET            DES PLAINES           IL    60016    100,000.00 
 SB553   10216143394  MEDINA BOBBY                 4317 W SCHUBERT                CHICAGO               IL    60639    148,000.00 
 SB553   10216143415  GARCIA GERALDO               919 1/2 LINCOLN AVENUE         BELOIT                WI    53511     63,000.00 
 SB553   10216143420  JESKE BRUCE E                615 MARSHALL AVENUE            MILWAUKEE             WI    53172     64,300.00 
 SB553   10216143466  HILL RAY D                   260 WOODLAND WEST DRIVE        WOODLAND PARK         CO    80863    131,750.00 
 SB553   10216143505  BAZZI NAJAH MOHAMED SAID     7724 ORCHARD                   DEARBORN              MI    48126     84,800.00 
 SB553   10216143606  RENTERIA DIGNA ESTRADA       4717 WEST DICKENS              CHICAGO               IL    60639    113,600.00 
 SB553   10216143682  PHAM LY MINH                 5935 BLUE SAGE WAY             LITTLETON             CO    80123    212,000.00 
 SB553   10216143716  HAMMAD ISMAT                 10561 WEST BLOOMFIELD          PALOS PARK            IL    60464    187,000.00 
 SB553   10216143723  SALYER MICHAEL A             221 N. BLAIR ST.               MADISON               WI    53704     88,000.00 
 SB553   10216143724  ALAWIEH BASSAM               7041 PINEHURST                 DEARBORN              MI    48126     76,500.00 
 SB553   10216143727  BAILLARGEON ALBERT           8703 WHITLOCK                  DEARBORN              MI    48126     70,500.00 
 SB553   10216143728  JONES CHARLES                18660 WOODINGHAM               DETROIT               MI    48221     60,800.00 
 SB553   10216143729  AL-MALIKY HANAH              5695 CASPER                    DETROIT               MI    48210     18,000.00 
 SB553   10216143732  KARROMA KORGIAS              7478 ANNE COURT                WEST BLOOMFIELD       MI    48322    192,000.00 
 SB553   10216143827  HALL BONNIE G                7505-07 WEST SHORE DRIVE       EDINA                 MN    55435    263,400.00 
 SB553   10216143912  KHAN MALICK                  3955 W. CHASE AVENUE           LINCOLNWOOD           IL    60645    200,000.00 
 SB553   10216143922  GOLD-LIVINGSTON ERNESTINE    3193 RUTLEDGE PARK COURT       WEST BLOOMFIELD       MI    48322    211,500.00 
 SB553   10216144019  CHARBONEAU NICOLE MARIE      43440 STARK ROAD COURT         STARK                 MN    55032     99,900.00 
 SB553   10216144026  PETTY ANGELA M               18326 HAYES                    DETROIT               MI    48205     18,600.00 
 SB553   10216144058  SPEISER JAMES J              4920 EAST ACOMA DRIVE          SCOTTSDALE            AZ    85254    124,000.00 
 SB553   10216144082  FULLER DARYL                 421 SOUTH HONEYSUCKLE LANE     GILBERT               AZ    85296    188,800.00 
 SB553   10216144119  KERTEZ MICHAEL               839 S BISHOP                   CHICAGO               IL    60607    174,200.00 
<CAPTION>
                           Cut-off Date   First                Initial  Minimum  Maximum
                            Principal    Payment     Maturity Mortgage Mortgage Mortgage   Gross
Sale ID    Account           Balance       Date        Date     Rate     Rate     Rate    Margin
- ------------------------------------------------------------------------------------------------
<C>      <S>            <C>              <C>         <C>      <C>      <C>      <C>       <C>  
 SB553   10216142421        86,000.00    04/01/97    03/01/27  11.250   10.250   17.250    6.000
 SB553   10216142449        65,000.00    04/01/97    03/01/27  10.625    9.625   16.625    6.000
 SB553   10216142468        66,300.00    04/01/97    03/01/27   9.500    9.500   15.500    5.900
 SB553   10216142539        80,700.00    04/01/97    03/01/27  11.125   10.125   17.125    6.250
 SB553   10216142546        37,600.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216142569       147,475.00    05/01/97    04/01/27  10.500    9.500   16.500    6.000
 SB553   10216142615        50,400.00    04/01/97    03/01/27  10.500    9.500   16.500    5.750
 SB553   10216142631       120,800.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216142692       220,000.00    05/01/97    04/01/27   9.250    8.250   15.250    4.500
 SB553   10216142713        58,500.00    04/01/97    03/01/27  11.250   10.250   17.250    6.750
 SB553   10216142747        51,562.00    05/01/97    04/01/27  11.875   10.875   17.875    6.900
 SB553   10216142757        58,500.00    04/01/97    03/01/27  10.625    9.625   16.625    6.000
 SB553   10216142779        62,974.96    04/01/97    03/01/27  10.500    9.500   16.500    5.750
 SB553   10216142798       270,000.00    04/01/97    03/01/27  10.625   10.625   16.625    6.750
 SB553   10216142801        86,646.11    04/01/97    03/01/27   8.375    8.375   14.375    4.500
 SB553   10216142804       132,500.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216142816        45,087.80    04/01/97    03/01/27  12.250   11.250   18.250    6.750
 SB553   10216142819        50,400.00    05/01/97    04/01/27  10.500    9.500   16.500    5.750
 SB553   10216142877       175,900.00    04/01/97    03/01/27  11.375   10.375   17.375    6.500
 SB553   10216142917       128,000.00    04/01/97    03/01/27  10.625    9.625   16.625    6.000
 SB553   10216142920       113,400.00    04/01/97    03/01/27  10.250    9.250   16.250    5.750
 SB553   10216142948       119,000.00    04/01/97    03/01/27  10.875    9.875   16.875    6.250
 SB553   10216142992       155,000.00    05/01/97    04/01/27  10.000   10.000   16.000    6.000
 SB553   10216143003        99,900.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216143004        67,500.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216143007        56,700.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216143034       118,597.51    04/01/97    03/01/27  10.000    9.000   16.000    5.500
 SB553   10216143036        27,300.00    04/01/97    03/01/27  11.000   10.000   17.000    6.500
 SB553   10216143037        20,350.00    04/01/97    03/01/27  11.000   10.000   17.000    6.500
 SB553   10216143053       161,250.00    04/01/97    03/01/27   9.000    8.000   15.000    4.500
 SB553   10216143070       127,500.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216143084        49,000.00    05/01/97    04/01/27   9.250    8.250   15.250    4.500
 SB553   10216143120       115,200.00    05/01/97    04/01/27   7.375    7.375   13.375    3.750
 SB553   10216143171       100,000.00    04/01/97    03/01/27  10.750    9.750   16.750    5.750
 SB553   10216143213        64,000.00    04/01/97    03/01/27  11.250   11.250   17.250    7.250
 SB553   10216143218        71,700.00    04/01/97    03/01/27  12.250   11.250   18.250    6.750
 SB553   10216143290       100,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216143296       113,000.00    04/01/97    03/01/27  11.125   11.125   17.125    7.250
 SB553   10216143368       100,000.00    04/01/97    03/01/27  11.250   10.250   17.250    6.000
 SB553   10216143394       148,000.00    05/01/97    04/01/27  10.500    9.500   16.500    5.750
 SB553   10216143415        63,000.00    05/01/97    04/01/27  10.250    9.250   16.250    5.750
 SB553   10216143420        64,300.00    04/01/97    03/01/27   9.375    9.375   15.375    5.750
 SB553   10216143466       131,750.00    05/01/97    04/01/27  10.750    9.750   16.750    6.500
 SB553   10216143505        84,800.00    05/01/97    04/01/27   8.375    8.375   14.375    4.500
 SB553   10216143606       113,600.00    05/01/97    04/01/27  13.500   12.500   19.500    8.500
 SB553   10216143682       212,000.00    04/01/97    03/01/27   8.750    7.750   14.750    4.250
 SB553   10216143716       187,000.00    04/01/97    03/01/27   7.875    7.875   13.875    4.750
 SB553   10216143723        88,000.00    05/01/97    04/01/27  10.750   10.750   16.750    7.000
 SB553   10216143724        76,500.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SB553   10216143727        70,500.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216143728        60,800.00    05/01/97    04/01/27  11.500   11.500   17.500    7.500
 SB553   10216143729        18,000.00    04/01/97    03/01/27   9.625    9.625   15.625    5.750
 SB553   10216143732       192,000.00    05/01/97    04/01/27  12.000   11.000   18.000    7.250
 SB553   10216143827       263,400.00    04/01/97    03/01/27  10.125   10.125   16.125    7.500
 SB553   10216143912       200,000.00    05/01/97    04/01/27  12.500   11.500   18.500    7.500
 SB553   10216143922       211,500.00    05/01/97    04/01/27  10.250    9.250   16.250    5.750
 SB553   10216144019        99,900.00    04/01/97    03/01/27  10.750   10.750   16.750    7.000
 SB553   10216144026        18,600.00    05/01/97    04/01/27  11.250   10.250   17.250    6.000
 SB553   10216144058       124,000.00    05/01/97    04/01/27   9.375    9.375   15.375    5.750
 SB553   10216144082       188,699.53    04/01/97    03/01/27   9.125    9.125   15.125    5.750
 SB553   10216144119       174,200.00    04/01/97    03/01/27  10.875    9.875   16.875    6.250
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Company                                                             Sale Schedule A
A division of Superior Bank FSB          1997-1 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 3  3/27/97

                                                                                                                        Principal 
                                                                                                               Zip      Balance at
Sale ID    Account       Name                         Address                      City               State   Code     Origination
- ----------------------------------------------------------------------------------------------------------------------------------
<C>      <S>          <C>                          <C>                            <C>                   <C>   <C>   <C>           
 SB553   10216144317  PEREZ PEDRO                  1201 EAST ALTA HEIGHTS DRIVE   SANDY                 UT    84094    112,800.00 
 SB553   10216144445  GIBBONS LAURA P              17454 BRADY                    REDFORD               MI    48240     61,600.00 
      ---------------------------------------------                                                                ---------------
             124      Sale Total                                                                                    13,099,307.00 
<CAPTION>
                         Cut-off Date   First                Initial  Minimum  Maximum
                          Principal    Payment     Maturity Mortgage Mortgage Mortgage   Gross
Sale ID    Account         Balance       Date        Date     Rate     Rate     Rate    Margin
- ----------------------------------------------------------------------------------------------
<C>      <S>          <C>              <C>         <C>      <C>      <C>      <C>       <C>  
 SB553   10216144317     112,800.00    05/01/97    04/01/27  10.625    9.625   16.625    6.400
 SB553   10216144445      61,600.00    05/01/97    04/01/27   9.375    9.375   15.375    5.750
      ---------------------------------                    -----------------------------------
             124      13,098,247.53                          10.274    9.623   16.274    5.961
</TABLE>

<PAGE>
<TABLE>
Alliance Funding Company                                                             Sale Schedule A
A division of Superior Bank FSB          1997-1 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 4  3/27/97

                                                                                                                        Principal 
                                                                                                               Zip      Balance at
Sale ID    Account       Name                         Address                      City               State   Code     Origination
- ----------------------------------------------------------------------------------------------------------------------------------
<C>      <S>          <C>                          <C>                            <C>                   <C>   <C>   <C>           
 SBC554  10218002644  TRAN JENNIFER T              6 MARCHMONT LN                 WILLINGBORO           NJ    08046     43,000.00 
 SBC554  10218003911  EDWARDS WILLIAM A JR         BOX 26 ROUTE 94                CHESTER               NY    10918     98,000.00 
 SBC554  10218004122  COTRUFO RAYMOND J            168 BARTON RD                  WHITE PLAINS          NY    10605    440,000.00 
 SBC554  10218004779  FERRANTE ALDO                414 CORBIN AVE                 STATEN ISLAND         NY    10308    125,375.00 
 SBC554  10218005261  BINDA TAGEMATTIE             170-12 89TH AVENUE             JAMAICA               NY    11432    127,200.00 
 SBC554  10218005658  HAYNES GLADYS                3816 CHERRY RIDGE BOULEVARD    DECATUR               GA    30034    152,000.00 
 SBC554  10218006702  LOVELL JOSEPH L              1 RR BOX 360                   CATAWISSA             PA    17820    228,000.00 
 SBC554  10218007130  VINCENT DANIEL J             1 RR RURAL ROUTE BOX 227       HARDING               PA    18643     38,250.00 
 SBC554  10218007494  HIBSHMAN KIRK R              874 RICHARD DR                 LEBANON               PA    17046    101,230.00 
 SBC554  10218007794  STEFFENS PATRICIA E          34 BRUCE RD                    MONTCLAIR             NJ    07043    144,500.00 
 SBC554  10218007807  BLUM MITCHELL R              1351 BAY 28TH STREET           FAR ROCKAWAY          NY    11691    143,100.00 
 SBC554  10218008142  KOVALSKY DONALD              LOT 36 SECT 12 SUNRISE LAKE    DINGMANS FERRY        PA    18337    132,000.00 
 SBC554  10218008622  SHEPPARD SANDRA E            123 EAST POINT UNIT 505        LEHMAN                PA    18324     64,000.00 
 SBC554  10218008781  JONES CAROL C                522 NORTHEAST AVENUE           BALTIMORE             MD    21205     46,400.00 
 SBC554  10218008785  WILSON ELLA                  RD 8  BOX 699 BRIDGETON AVE    BRIDGETON             NJ    08302     75,000.00 
 SBC554  10218008874  TARTAGLIONE RICHARD          2030 W 10TH ST                 BROOKLYN              NY    11223    130,000.00 
 SBC554  10218008966  CARLETON RICHARD T           94 BIESELIN ROAD               BELLPORT              NY    11713     72,000.00 
 SBC554  10218009156  VANPELT FREDERICK            21700 MCNULLEN HIGHWAY         RAWLING               MD    21557     50,625.00 
 SBC554  10218009231  LLANOS MARCELINO             36 READING AVENUE              PLEASANTVILLE         NJ    08232     61,200.00 
 SBC554  10218009345  PICCININNI SCOTT             10606 MAPLE CHASE DR           BOCA RATON            FL    33498    236,000.00 
 SBC554  10218009421  SMITH CHERYLYNNE D           607 W GODFREY AVE              PHILADELPHIA          PA    19126     90,000.00 
 SBC554  10218009448  GERARDI NANCY A              205 42ND ST                    UNION CITY            NJ    07087    127,400.00 
 SBC554  10218009483  REED MICHAEL S               4020 OLD PHILADELPHIA PIKE     LANCASTER             PA    17529     70,400.00 
 SBC554  10218009526  LALLA JEFFERY                16 MAPLE CT                    BAY SHORE             NY    11706     88,000.00 
 SBC554  10218009563  HIRSCH NACHAMA               941 E 27TH ST                  BROOKLYN              NY    11210    200,000.00 
 SBC554  10218009604  GIACOMUCCI RICHARD J         100 EAST GOLF VIEW RD          ARDMORE               PA    19003    249,500.00 
 SBC554  10218009679  CHAUDHRY SAMIA N             10 CHESAPEAKE BAY              CORAM                 NY    11368     99,600.00 
 SBC554  10218009784  MESSINA ROBERT               10 JEAN CT                     MARLBORO              NJ    07746    116,600.00 
 SBC554  10218009807  COSTANZA BARBARA             309 PARK AVE                   UNION BEACH           NJ    07735     85,000.00 
 SBC554  10218009844  BROWN WILLIE                 13 PRATT ST                    CHARLESTON            SC    29407     63,000.00 
 SBC554  10218009850  BAILEY KENSON                31 NORTH EMERALD LANE          AMITYVILLE            NY    11701     94,350.00 
 SBC554  10218009865  BOYD DONALD H                9 WYNMOOR RD                   MEDIA                 PA    19063    178,500.00 
 SBC554  10218009912  ANSARI LUBNA R               4074 RIVERMEADE DRIVE          LILBURN               GA    30247    117,300.00 
 SBC554  10218009931  VANCE JOSEPH P               869 MIRABELLE AVE              WESTBURY              NY    11590    123,000.00 
 SBC554  10218009938  JUNEVICA NATALIJA            242-248 HARRAL AVENUE          BRIDGEPORT            CT    06605     96,000.00 
 SBC554  10218009944  MICKEL JOSHUA S              480 E WITENT RD                VINELAND              NJ    08320     72,250.00 
 SBC554  10218009959  BAUER RICHARD P              120 N 4TH ST                   ALLENTOWN             PA    18102     44,368.00 
 SBC554  10218009973  SANTOPADRE ROCCO JR          3 FLORAL ROAD                  AMITYVILLE            NY    11701     76,500.00 
 SBC554  10218010193  NIKNAM AMENEH FARAH          33 CHESTNUT ST                 CENTRAL ISLIP         NY    11722     70,000.00 
 SBC554  10218010248  KILLION ROBERT L             224 TODD RD                    WOLCOTT               CT    06716    101,500.00 
 SBC554  10218010348  LUXENBERG SANDI              2839 BRAGG ST                  BROOKLYN              NY    11235    120,000.00 
 SBC554  10218010380  ESCOBAR RUSSELL H            LOT 2 COLLEEN DRIVE            TUNKHANNOCK           PA    18657    124,200.00 
 SBC554  10218010397  LIMONCELLI MARY JUDITH       27 S MONTOWESE ST              BRANFORD              CT    06405     94,500.00 
 SBC554  10218010423  SALTER RICHARD               14 LAUREN LN                   NEW EGYPT             NJ    08533    212,500.00 
 SBC554  10218010648  DIIORIO JOHN                 5 FOX RUN LN                   NEWTOWN               CT    06470    178,500.00 
 SBC554  10218010735  VAIRO ANOINETTE              877 WEBSTER AVE                NEW ROCHELLE          NY    10804    205,700.00 
 SBC554  10218010805  DARROYO JOHN D               4317-19 HIGBEE STREET          PHILADELPHIA          PA    19135     49,000.00 
 SBC554  10218010840  SAFDIEH ABRAHAM              1568 E 5TH ST                  BROOKLYN              NY    11230    284,000.00 
 SBC554  10218010862  WHITE CRYSTAL                229 LANSDOWNE                  WESTPORT              CT    06880     65,000.00 
 SBC554  10218010884  GIARDALAS PATRICIA           310 RANDOLPH RD                FREEHOLD              NJ    07728    195,000.00 
 SBC554  10218010917  ROMIG DAVID W                151 HOME RD                    MERTZTOWN             PA    19539     78,000.00 
 SBC554  10218010934  HAYNES DOUGLAS V.            438 MONROE COURT               KENNESAW              GA    30144     92,000.00 
 SBC554  10218010953  CORRIGAN ROSEANN             76 NEW STREET                  HUDSON                PA    18705     90,400.00 
 SBC554  10218010996  PANNIELLO VINCENT E          120 NAVILLUS RD                TEWKSBURY             MA    01876    147,000.00 
 SBC554  10218011056  CROWTHER MARK K              134 W CARACAS AVE              HERSHEY               PA    17033     85,180.00 
 SBC554  10218011210  LEVIEV DAVID                 521 BEACH 126TH ST             BELLE HARBOR          NY    11694    267,750.00 
 SBC554  10218011219  LIPSCOMB WILLIAM             2019 ONEIDA ROAD               KARNS CITY            PA    16040     47,840.00 
 SBC554  10218011224  LEEDS HOWARD                 534 SPERRY BLVD                NEW HYDE PARK         NY    11040    178,000.00 
 SBC554  10218011238  COURSEY STACEY L             117 VAIL ST                    WATERBURY             CT    06708     46,750.00 
 SBC554  10218011301  MORSE KERRY P                315 ROBERTS RD                 PITTSBURGH            PA    15239     79,650.00 
 SBC554  10218011306  GORMAN CAROL A               1236 BALMORAL DR               PITTSBURGH            PA    15237     96,300.00 
<CAPTION>
                         Cut-off Date   First                Initial  Minimum  Maximum
                          Principal    Payment     Maturity Mortgage Mortgage Mortgage   Gross
Sale ID    Account         Balance       Date        Date     Rate     Rate     Rate    Margin
- ----------------------------------------------------------------------------------------------
<C>      <S>          <C>              <C>         <C>      <C>      <C>      <C>       <C>  
 SBC554  10218002644      42,304.82    12/01/96    11/01/26   9.500    9.500   15.500    5.750
 SBC554  10218003911      97,970.36    03/01/97    02/01/27  11.750   10.750   17.750    7.000
 SBC554  10218004122     439,794.72    03/01/97    02/01/27   9.750    8.750   15.750    5.250
 SBC554  10218004779     125,334.93    03/01/97    02/01/27  11.500   10.500   17.500    7.125
 SBC554  10218005261     127,200.00    03/01/97    02/01/27  12.125   11.125   18.125    8.250
 SBC554  10218005658     151,961.10    03/01/97    02/01/27  12.500   11.500   18.500    7.500
 SBC554  10218006702     228,000.00    03/01/97    02/01/27  11.875   11.875   17.875    8.500
 SBC554  10218007130      38,233.52    03/01/97    02/01/27  10.125   10.125   16.125    6.500
 SBC554  10218007494     100,981.50    03/01/97    02/01/27  11.750   10.750   17.750    8.000
 SBC554  10218007794     144,500.00    04/01/97    03/01/27   9.875    8.875   15.875    6.250
 SBC554  10218007807     143,100.00    03/01/97    02/01/27  11.250   10.250   17.250    6.750
 SBC554  10218008142     131,956.64    02/01/97    01/01/27  11.375   11.375   17.375    8.000
 SBC554  10218008622      63,976.55    02/01/97    01/01/27  10.875   10.875   16.875    8.000
 SBC554  10218008781      46,386.35    03/01/97    02/01/27  11.875   11.875   17.875    8.500
 SBC554  10218008785      75,000.00    04/01/97    03/01/27   9.875    8.875   15.875    6.000
 SBC554  10218008874     130,000.00    04/01/97    03/01/27   9.875    8.875   15.875    5.375
 SBC554  10218008966      71,969.81    03/01/97    02/01/27  10.250   10.250   16.250    6.875
 SBC554  10218009156      50,625.00    04/01/97    03/01/27   9.875    8.875   15.875    5.000
 SBC554  10218009231      61,181.49    03/01/97    02/01/27  11.750   10.750   17.750    7.500
 SBC554  10218009345     235,883.91    03/01/97    02/01/27   9.500    8.500   15.500    5.250
 SBC554  10218009421      89,963.26    03/01/97    02/01/27  10.375    9.375   16.375    6.000
 SBC554  10218009448     127,400.00    04/01/97    03/01/27  11.000   10.000   17.000    6.250
 SBC554  10218009483      70,354.80    03/01/97    02/01/27  11.500   10.500   17.500    6.750
 SBC554  10218009526      88,000.00    04/01/97    03/01/27  11.875   11.875   17.875    8.250
 SBC554  10218009563     200,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.750
 SBC554  10218009604     249,406.06    03/01/97    02/01/27  10.750    9.750   16.750    6.500
 SBC554  10218009679      99,553.53    03/01/97    02/01/27   9.750    8.750   15.750    5.500
 SBC554  10218009784     116,600.00    04/01/97    03/01/27   9.875    8.875   15.875    5.250
 SBC554  10218009807      85,000.00    04/01/97    03/01/27  12.000   11.000   18.000    7.000
 SBC554  10218009844      63,000.00    04/01/97    03/01/27  10.500    9.500   16.500    6.750
 SBC554  10218009850      94,292.64    01/01/97    12/01/26  11.750   10.750   17.750    7.500
 SBC554  10218009865     178,399.93    03/01/97    02/01/27   8.875    7.875   14.875    3.750
 SBC554  10218009912     117,300.00    04/01/97    03/01/27  11.125   11.125   17.125    7.750
 SBC554  10218009931     123,000.00    05/01/97    04/01/27   8.750    7.750   14.750    4.500
 SBC554  10218009938      96,000.00    04/01/97    03/01/27  12.875   11.875   18.875    8.250
 SBC554  10218009944      72,250.00    03/01/97    02/01/27  10.750   10.750   16.750    7.500
 SBC554  10218009959      44,368.00    04/01/97    03/01/27  10.850    9.850   16.850    6.600
 SBC554  10218009973      76,472.72    03/01/97    02/01/27  11.000   10.000   17.000    6.750
 SBC554  10218010193      69,772.18    03/01/97    02/01/27  10.500    9.500   16.500    6.250
 SBC554  10218010248     101,500.00    04/01/97    03/01/27   9.625    8.625   15.625    6.000
 SBC554  10218010348     120,000.00    04/01/97    03/01/27   9.375    9.375   15.375    5.750
 SBC554  10218010380     124,142.06    03/01/97    02/01/27   9.750    9.750   15.750    6.750
 SBC554  10218010397      94,500.00    04/01/97    03/01/27   8.375    7.375   14.375    3.250
 SBC554  10218010423     212,500.00    04/01/97    03/01/27  11.250   10.250   17.250    6.500
 SBC554  10218010648     178,500.00    04/01/97    03/01/27  11.500   11.500   17.500    7.875
 SBC554  10218010735     205,622.56    03/01/97    02/01/27  10.750    9.750   16.750    7.000
 SBC554  10218010805      49,000.00    03/01/97    02/01/27   9.875    9.875   15.875    7.000
 SBC554  10218010840     284,000.00    04/01/97    03/01/27  10.250    9.250   16.250    6.000
 SBC554  10218010862      65,000.00    04/01/97    03/01/27  10.125    9.125   16.125    5.750
 SBC554  10218010884     195,000.00    04/01/97    03/01/27   9.875    9.875   15.875    6.250
 SBC554  10218010917      78,000.00    04/01/97    03/01/27  10.750    9.750   16.750    6.000
 SBC554  10218010934      92,000.00    05/01/97    04/01/27   9.125    8.125   15.125    5.250
 SBC554  10218010953      90,400.00    04/01/97    03/01/27  12.750   11.750   18.750    7.500
 SBC554  10218010996     147,000.00    04/01/97    03/01/27  11.000   10.000   17.000    6.250
 SBC554  10218011056      85,180.00    04/01/97    03/01/27   8.750    7.750   14.750    5.500
 SBC554  10218011210     267,671.24    03/01/97    02/01/27  11.875   10.875   17.875    7.250
 SBC554  10218011219      47,840.00    04/01/97    03/01/27  12.000   11.000   18.000    7.000
 SBC554  10218011224     178,000.00    04/01/97    03/01/27  10.500   10.500   16.500    8.000
 SBC554  10218011238      46,750.00    04/01/97    03/01/27  12.000   11.000   18.000    7.500
 SBC554  10218011301      79,650.00    04/01/97    03/01/27  10.125    9.125   16.125    5.000
 SBC554  10218011306      96,300.00    05/01/97    04/01/27  10.250    9.250   16.250    5.750
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
Alliance Funding Company                                                             Sale Schedule A
A division of Superior Bank FSB          1997-1 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 5  3/27/97

                                                                                                                        Principal 
                                                                                                               Zip      Balance at
Sale ID    Account       Name                         Address                      City               State   Code     Origination
- ----------------------------------------------------------------------------------------------------------------------------------
<C>      <S>          <C>                          <C>                            <C>                   <C>   <C>   <C>           
 SBC554  10218011333  SALEEBY DANIEL B.            230 WAGNER ST                  TROUTMAN              NC    28166     56,000.00 
 SBC554  10218011407  KANTANAS NICK                20 SCOTT TER                   LIVINGSTON            NJ    07039    152,800.00 
 SBC554  10218011453  REYES ANGELO                 82 WOOLSEY ST                  NEW HAVEN             CT    06513     56,500.00 
 SBC554  10218011459  PAUL EDWARD J                37 BRIGHTON 2ND PL             BROOKLYN              NY    11235    123,300.00 
 SBC554  10218011488  KELLY IAN H                  211 ASBURY AVE                 WESTBURY              NY    11550    139,200.00 
 SBC554  10218011489  EDWARDS ALICE                109 WARD ST                    NEW HAVEN             CT    06519     54,400.00 
 SBC554  10218011526  MOORE PHILLIP G              512 2ND STREET UNIT 3          INDIAN ROCKS BEACH    FL    33785     82,600.00 
 SBC554  10218011536  DYE GERALD L                 RR 3 BOX 343                   MOUNT PLEASANT        PA    15666     47,873.00 
 SBC554  10218011879  ROBERTO CHRISTOPHER T        65 MAPLEWOOD DR                MONROE                CT    06468    187,850.00 
 SBC554  10218011964  WEIST MELVIN T               920 SENECA STREET              POTTSVILLE            PA    17901     68,000.00 
 SBC554  10218011969  BERGMAN DANA H               1219 NORTH WOODBINE AVENUE     PENN VALLEY           PA    19072    245,250.00 
 SBC554  10218011976  SILVERSTONE PHILLIP W        451 WARWICK ROAD               WYNNWOOD              PA    19096    544,000.00 
 SBC554  10218012030  PULEO MARY ANNE              53 4TH ST                      HIGHLANDS             NJ    07732     33,250.00 
 SBC554  10218012317  REDLINE SHERI L              334 E 9TH ST                   NORTHAMPTON           PA    18067     94,000.00 
 SBC554  10218012557  HART KATHLEEN                1806 ELECTRIC STREET           DUNMORE               PA    18509     45,000.00 
 SBC554  10218012630  LICK LILLIAN E               1502 RACE STREET               ALLENTOWN             PA    18103     74,400.00 
 SBC554  10218012756  HARMES EDWARD M              16 VILLAGE SQ                  WILLOW STREET         PA    17584    126,400.00 
 SBC554  10218012813  LARSEN THERESA M             727 MANSFIELD CITY RD          STORRS MANSFIELD      CT    06268    140,250.00 
 SBC554  10218012885  FALERO PATRICIA              183-31 DALNY ROAD              JAMAICA               NY    11432    225,000.00 
 SBC554  10218012889  KLINE W BOYD JR              3726 WALNUT ST                 HARRISBURG            PA    17109     57,600.00 
 SBC554  10218012956  MULLENBACH MATTHEW G         123 SPRING GROVE RD            PITTSBURGH            PA    15235     52,200.00 
 SBC554  10218013023  MILLARD MICHAEL R            89 ANALOMINK ST                EAST STROUDSBURG      PA    18301    166,500.00 
 SBC554  10218013113  MULQUEENEY SHARON E          21 ANGELA RD                   FRAMINGHAM            MA    01701    142,400.00 
 SBC554  10218013164  HOPKINS ELAINE EVANS         2544 16TH AVENUE SOUTH         ST PETERSBURG         FL    33712     43,500.00 
 SBC554  10218013180  RIVES DONALD R               3630 VILLANOVA CT              BETHLEHEM             PA    18017    193,500.00 
 SBC554  10218013262  KAMINSKI PETER P             15 CARRINGTON ROAD             SOUTH LYME            CT    06376     70,000.00 
 SBC554  10218013699  ALEXANDER VERA E             663 WARWICK ST                 BROOKLYN              NY    11207    161,500.00 
 SBC554  10218014486  MYERS MALLON R.              7128 ONYX DRIVE NORTH          ST PETERSBURG         FL    33702     34,400.00 
      ---------------------------------------------                                                                ---------------
              89      Sale Total                                                                                    10,826,091.00 
             213      Total with Superior                                                                           23,925,398.00 
             213      Grand Total                                                                                   23,925,398.00 
<CAPTION>
                         Cut-off Date   First                Initial  Minimum  Maximum
                          Principal    Payment     Maturity Mortgage Mortgage Mortgage   Gross
Sale ID    Account         Balance       Date        Date     Rate     Rate     Rate    Margin
- ----------------------------------------------------------------------------------------------
<C>      <S>          <C>              <C>         <C>      <C>      <C>      <C>       <C>  
 SBC554  10218011333      55,973.87    04/01/97    03/01/27   9.750    9.750   15.750    5.750
 SBC554  10218011407     152,800.00    04/01/97    03/01/27   9.625    9.625   15.625    6.250
 SBC554  10218011453      56,500.00    04/01/97    03/01/27  11.875   11.875   17.875    7.750
 SBC554  10218011459     123,300.00    04/01/97    03/01/27   9.375    9.375   15.375    5.750
 SBC554  10218011488     139,200.00    04/01/97    03/01/27   9.875    9.875   15.875    6.250
 SBC554  10218011489      54,400.00    04/01/97    03/01/27  11.875   10.875   17.875    7.250
 SBC554  10218011526      82,600.00    05/01/97    04/01/27   9.000    8.000   15.000    4.500
 SBC554  10218011536      47,855.68    04/01/97    03/01/27  10.750    9.750   16.750    5.750
 SBC554  10218011879     187,850.00    04/01/97    03/01/27   9.750    8.750   15.750    5.500
 SBC554  10218011964      68,000.00    04/01/97    03/01/27  11.875   10.875   17.875    7.250
 SBC554  10218011969     245,108.90    03/01/97    02/01/27   8.750    8.750   14.750    6.375
 SBC554  10218011976     544,000.00    04/01/97    03/01/27  10.250    9.250   16.250    7.000
 SBC554  10218012030      33,250.00    04/01/97    03/01/27  11.250   10.250   17.250    6.000
 SBC554  10218012317      94,000.00    05/01/97    04/01/27   9.000    8.000   15.000    4.500
 SBC554  10218012557      45,000.00    05/01/97    04/01/27  10.750    9.750   16.750    5.500
 SBC554  10218012630      74,400.00    05/01/97    04/01/27  10.875   10.875   16.875    6.000
 SBC554  10218012756     126,400.00    05/01/97    04/01/27  12.500   11.500   18.500    7.500
 SBC554  10218012813     140,250.00    04/01/97    03/01/27  11.375   11.375   17.375    7.750
 SBC554  10218012885     225,000.00    04/01/97    03/01/27   9.875    8.875   15.875    5.000
 SBC554  10218012889      57,555.24    02/01/97    01/01/27  10.625    9.625   16.625    6.750
 SBC554  10218012956      52,200.00    04/01/97    03/01/27   8.625    8.625   14.625    5.000
 SBC554  10218013023     166,500.00    05/01/97    04/01/27  10.000    9.000   16.000    5.750
 SBC554  10218013113     142,400.00    05/01/97    04/01/27  11.750   10.750   17.750    7.000
 SBC554  10218013164      43,500.00    05/01/97    04/01/27  11.250   10.250   17.250    6.000
 SBC554  10218013180     193,500.00    05/01/97    04/01/27   8.375    8.375   14.375    3.750
 SBC554  10218013262      70,000.00    04/01/97    03/01/27   9.250    8.250   15.250    4.500
 SBC554  10218013699     161,500.00    04/01/97    03/01/27  11.250   10.250   17.250    6.500
 SBC554  10218014486      34,400.00    05/01/97    04/01/27   8.750    7.750   14.750    4.500
      ---------------------------------                    -----------------------------------
              89      10,823,493.37                          10.463    9.738   16.463    6.337
             213      23,921,740.90                          10.360    9.675   16.360    6.131
             213      23,921,740.90                          10.360    9.675   16.360    6.131
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
Alliance  Funding Company                                                    Sale Schedule B
A division of Superior Bank FSB          1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 1  3/27/97
                                                           Principal    Type of  Scheduled   Cut-off Date
                                                           Balance at  Mortgaged  Payment     Principal  
Sale ID     Account       Name                            Origination  Property  Int & Prin    Balance   
- ---------------------------------------------------------------------------------------------------------
<C>       <S>          <C>                               <C>              <C>  <C>         <C>           
 SB553    10216127003  AL-HAMID HASSAN                      51,700.00     SF       448.94      51,580.58 
 SB553    10216137222  BANKS MELVIN                         56,000.00     MF       460.70      55,941.71 
 SB553    10216138327  GREEN DEBRA R                        72,000.00     SF       685.68      71,948.40 
 SB553    10216138943  CAMACHO ANTONIO                      83,000.00     MF       705.49      82,920.16 
 SB553    10216139661  DAVIS J VANCE                        88,500.00     SF       826.13      88,500.00 
 SB553    10216139981  FLEXEN WILLIAM T                    390,000.00     SF     4,049.16     390,000.00 
 SB553    10216140087  BACK DONALD T                        90,100.00     SF       733.08      90,052.06 
 SB553    10216140225  COGGINS MARVIN L                     58,590.00     SF       535.95      58,499.31 
 SB553    10216140404  LUCHAU J TARA                       110,500.00     SF     1,052.32     110,500.00 
 SB553    10216140602  BIRKENHAUER CARLA ANN                69,700.00     SF       637.57      69,700.00 
 SB553    10216140622  BOOHER MARK                         132,600.00     SF     1,250.27     132,501.69 
 SB553    10216140707  SMITH DANIEL J                       96,000.00     SF       905.17      95,964.83 
 SB553    10216140776  GUTOWSKI FRANK JR                    61,600.00     SF       580.82      61,600.00 
 SB553    10216140848  KAISER REBECCA K                     43,200.00     MF       395.17      43,200.00 
 SB553    10216140896  LANKTON MARGERY MILLER               80,000.00     SF       777.01      79,972.99 
 SB553    10216141062  TERRANOVA ROCHELLE M                189,000.00     SF     1,453.25     189,000.00 
 SB553    10216141103  VAN DYKE MICHAEL P                  160,000.00     SF     1,345.37     159,921.30 
 SB553    10216141106  NERO ESSIC G                         56,800.00     SF       617.24      56,800.00 
 SB553    10216141218  AL-THIHABAWY ISMAEL                  36,900.00     SF       330.66      36,900.00 
 SB553    10216141295  GOLDAS PAWEL                        166,500.00     MF     1,445.80     166,500.00 
 SB553    10216141301  MENDOZA MARIA G                     144,500.00     MF     1,321.80     144,500.00 
 SB553    10216141311  TOBIASKI JAMES L                    148,700.00     SF     1,430.17     148,700.00 
 SB553    10216141329  DAVIS ARLYN SCOTT                   148,750.00     SF     1,515.77     148,750.00 
 SB553    10216141346  GRAF ARSENIUS FRANCES                89,250.00     SF       791.49      89,250.00 
 SB553    10216141419  JONES KATHLEEN J                    249,000.00     SF     2,048.46     249,000.00 
 SB553    10216141455  VAHLE JAMES A                       184,000.00     SF     1,547.17     184,000.00 
 SB553    10216141495  RYAN ROBIN                           46,500.00     SF       408.07      46,479.43 
 SB553    10216141504  SEMAK ROBERT M                       52,000.00     SF       565.08      52,000.00 
 SB553    10216141507  SUMBLER SUSAN P                     138,500.00     SF     1,114.40     138,500.00 
 SB553    10216141509  GRIFFITH FREDERICK G                 82,400.00     SF       863.47      82,400.00 
 SB553    10216141510  DAHOUD ROSE                          79,200.00     SF       673.19      79,200.00 
 SB553    10216141593  ROBINSON THEODORE C                  68,000.00     SF       541.04      68,000.00 
 SB553    10216141611  VARGAS EFREN                        113,250.00     SF     1,099.96     113,250.00 
 SB553    10216141683  AL-NAJAAR ALI                        71,200.00     SF       585.74      71,200.00 
 SB553    10216141760  SOBH ALI M                           36,000.00     SF       286.43      36,000.00 
 SB553    10216141858  STARK TAMERA M                       89,000.00     SF       732.18      89,000.00 
 SB553    10216141865  MEACHAM MARVIN L                     64,000.00     SF       695.48      64,000.00 
 SB553    10216141883  MILLER DAVID R                       93,600.00     SF       935.85      93,570.90 
 SB553    10216141945  REEVES TARON                        221,000.00     SF     1,798.13     221,000.00 
 SB553    10216141965  BLACKBURN MARY                       56,000.00     SF       608.55      56,000.00 
 SB553    10216141987  JOHNSON DOUGLAS E                    54,400.00     SF       591.16      54,386.84 
 SB553    10216142016  SAM FONG WINSTON KAULANA            139,500.00     SF     1,109.92     139,500.00 
 SB553    10216142034  WALLACE SAMUEL D                     72,000.00     SF       754.49      72,000.00 
 SB553    10216142065  TIRBASO BARBARA A                   120,000.00     SF       954.77     120,000.00 
 SB553    10216142068  TADROS HANI                         148,000.00     SF     1,244.46     148,000.00 
 SB553    10216142075  FOLTA HELGA K                       102,000.00     SF     1,010.10     102,000.00 
 SB553    10216142080  SIMS WYONA F                         68,000.00     SF       738.95      68,000.00 
 SB553    10216142092  AL-AKOUBI ABBAS                      29,700.00     SF       271.68      29,700.00 
 SB553    10216142152  PERKINS REGINALD A                   52,000.00     SF       565.08      52,000.00 
 SB553    10216142158  GONZALEZ GERARDO                    130,500.00     MF     1,109.24     130,500.00 
 SB553    10216142169  BYORTH-DETRIO LINDA S                97,100.00     SF       798.82      97,100.00 
 SB553    10216142235  TWIFORD HYLAS H                      97,000.00     SF       780.48      97,000.00 
 SB553    10216142273  AL-KHAFAJI ALAA                      82,400.00     MF       677.88      82,400.00 
 SB553    10216142351  PRATT TERRANCE J                    112,200.00     SF     1,111.11     112,164.14 
 SB553    10216142358  JAAFAR HUSSEIN                      242,200.00     SF     2,183.87     242,200.00 
 SB553    10216142359  AL-WISHAH NADA                       46,000.00     SF       378.43      46,000.00 
 SB553    10216142361  NASSER ABRAHIM                      109,800.00     MF       933.29     109,800.00 
 SB553    10216142365  FROEHLICH MARK ERWIN                114,700.00     SF       912.60     114,700.00 
 SB553    10216142368  HERRERA GERARDO                      99,450.00     SF       891.17      99,450.00 
 SB553    10216142400  MONASTERIO WINIEFREDO                80,280.00     SF       711.94      80,280.00 
 SB553    10216142405  THOMAS ROB R                         95,600.00     SF       955.85      95,570.28 
<CAPTION>
                         Origin    Next      Current      Property
                          LTV   Adjustment   Mortgage      Value at     Owner
Sale ID     Account      Ratio     Date        Rate      Origination   Occupied
- -------------------------------------------------------------------------------
<C>       <S>            <C>     <C>          <C>     <C>                 <C>
 SB553    10216127003     89.9   04/01/97      9.875      57,500.00       Y
 SB553    10216137222     70.0   06/01/97      9.250      80,000.00       Y
 SB553    10216138327     85.7   01/01/99     11.000      84,000.00       Y
 SB553    10216138943     79.0   02/01/99      9.625     105,000.00       Y
 SB553    10216139661     75.0   04/01/99     10.750     118,000.00       Y
 SB553    10216139981     62.9   03/01/99     12.125     620,000.00       Y
 SB553    10216140087     85.0   09/01/97      9.125     106,000.00       Y
 SB553    10216140225     65.1   02/01/99     10.500      90,000.00       Y
 SB553    10216140404     85.0   03/01/99     11.000     130,000.00       Y
 SB553    10216140602     88.7   09/01/97     10.500      78,500.00       Y
 SB553    10216140622     85.0   08/01/97     10.875     156,000.00       Y
 SB553    10216140707     80.0   09/01/97     10.875     120,000.00       Y
 SB553    10216140776     80.0   09/01/97     10.875      77,000.00       Y
 SB553    10216140848     90.0   03/01/99     10.500      48,000.00       Y
 SB553    10216140896     61.5   03/01/99     11.250     130,000.00       Y
 SB553    10216141062     66.4   03/01/99      8.500     284,500.00       N
 SB553    10216141103     72.3   09/01/97      9.500     221,000.00       Y
 SB553    10216141106     80.0   03/01/99     12.750      71,000.00       Y
 SB553    10216141218     87.8   03/01/99     10.250      42,000.00       Y
 SB553    10216141295     90.0   09/01/97      9.875     185,000.00       Y
 SB553    10216141301     85.0   03/01/99     10.500     170,000.00       Y
 SB553    10216141311     84.9   03/01/99     11.125     175,000.00       Y
 SB553    10216141329     85.0   03/01/99     11.875     175,000.00       Y
 SB553    10216141346     85.0   09/01/97     10.125     105,000.00       Y
 SB553    10216141419     74.1   03/01/99      9.250     336,000.00       Y
 SB553    10216141455     80.0   03/01/99      9.500     230,000.00       Y
 SB553    10216141495     70.4   09/01/97     10.000      66,000.00       Y
 SB553    10216141504     76.4   03/01/99     12.750      68,000.00       Y
 SB553    10216141507     74.8   02/01/99      9.000     185,000.00       Y
 SB553    10216141509     80.0   03/01/99     12.250     103,000.00       Y
 SB553    10216141510     90.0   09/01/97      9.625      88,000.00       Y
 SB553    10216141593     80.0   03/01/99      8.875      85,000.00       Y
 SB553    10216141611     89.8   03/01/99     11.250     126,000.00       Y
 SB553    10216141683     80.0   03/01/99      9.250      89,000.00       Y
 SB553    10216141760     76.5   03/01/99      8.875      47,000.00       Y
 SB553    10216141858     68.4   03/01/99      9.250     130,000.00       Y
 SB553    10216141865     80.0   03/01/99     12.750      80,000.00       Y
 SB553    10216141883     80.0   03/01/99     11.625     117,000.00       Y
 SB553    10216141945     85.0   09/01/97      9.125     260,000.00       Y
 SB553    10216141965     80.0   03/01/99     12.750      70,000.00       Y
 SB553    10216141987     80.0   03/01/99     12.750      68,000.00       Y
 SB553    10216142016     75.0   09/01/97      8.875     186,000.00       Y
 SB553    10216142034     80.0   03/01/99     12.250      90,000.00       Y
 SB553    10216142065     76.9   03/01/99      8.875     156,000.00       Y
 SB553    10216142068     70.4   09/01/97      9.500     210,000.00       Y
 SB553    10216142075     85.0   03/01/99     11.500     120,000.00       Y
 SB553    10216142080     80.0   03/01/99     12.750      85,000.00       Y
 SB553    10216142092     90.0   03/01/99     10.500      33,000.00       Y
 SB553    10216142152     80.0   04/01/99     12.750      65,000.00       Y
 SB553    10216142158     90.0   09/01/97      9.625     145,000.00       Y
 SB553    10216142169     84.8   03/01/99      9.250     114,500.00       Y
 SB553    10216142235     75.7   03/01/99      9.000     128,000.00       Y
 SB553    10216142273     84.9   03/01/99      9.250      97,000.00       Y
 SB553    10216142351     85.0   03/01/99     11.500     132,000.00       Y
 SB553    10216142358     84.9   09/01/97     10.325     285,000.00       Y
 SB553    10216142359     79.3   03/01/99      9.250      58,000.00       Y
 SB553    10216142361     89.2   09/01/97      9.625     123,000.00       Y
 SB553    10216142365     84.9   03/01/99      8.875     135,000.00       Y
 SB553    10216142368     85.0   03/01/99     10.250     117,000.00       Y
 SB553    10216142400     84.9   09/01/97     10.125      94,500.00       Y
 SB553    10216142405     80.0   03/01/99     11.625     119,500.00       Y
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
Alliance  Funding Company                                                    Sale Schedule B
A division of Superior Bank FSB          1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 2  3/27/97
                                                           Principal    Type of  Scheduled   Cut-off Date
                                                           Balance at  Mortgaged  Payment     Principal  
Sale ID     Account       Name                            Origination  Property  Int & Prin    Balance   
- ---------------------------------------------------------------------------------------------------------
<C>       <S>          <C>                               <C>              <C>  <C>         <C>           
 SB553    10216142421  FLEMING STEPHEN H                    86,000.00     SF       835.28      86,000.00 
 SB553    10216142449  TOMASZEWSKI GERALDINE A              65,000.00     SF       600.66      65,000.00 
 SB553    10216142468  ATENCIO MARCELLO G                   66,300.00     SF       557.49      66,300.00 
 SB553    10216142539  GRIGGS DAVID T                       80,700.00     SF       776.16      80,700.00 
 SB553    10216142546  ALDIRAWI QASSIM                      37,600.00     SF       309.33      37,600.00 
 SB553    10216142569  STRACHAN JAMES E                    147,475.00     SF     1,349.01     147,475.00 
 SB553    10216142615  MCCLURE MARK R                       50,400.00     SF       461.03      50,400.00 
 SB553    10216142631  ALHANNA IMAD                        120,800.00     SF       993.79     120,800.00 
 SB553    10216142692  DANIELS DONALD G                    220,000.00     SF     1,809.89     220,000.00 
 SB553    10216142713  CAMPOS JESUS                         58,500.00     SF       568.19      58,500.00 
 SB553    10216142747  DAWSON CECILE D                      51,562.00     SF       525.42      51,562.00 
 SB553    10216142757  BROWN WILLIAM MOELLER                58,500.00     SF       540.60      58,500.00 
 SB553    10216142779  NICOLI ANGELO                        63,000.00     SF       576.29      62,974.96 
 SB553    10216142798  FIROSZ ZBIGNIEW                     270,000.00     MF     2,495.06     270,000.00 
 SB553    10216142801  FOGG ULYSSES                         86,700.00     SF       658.98      86,646.11 
 SB553    10216142804  THOMPSON JAMES M                    132,500.00     SF     1,090.05     132,500.00 
 SB553    10216142816  ROMERO FERMIN P                      45,100.00     SF       472.60      45,087.80 
 SB553    10216142819  HOFFER BRIAN                         50,400.00     SF       461.03      50,400.00 
 SB553    10216142877  RAMIREZ JESUS                       175,900.00     MF     1,725.17     175,900.00 
 SB553    10216142917  BEATTY JEFF M                       128,000.00     SF     1,182.85     128,000.00 
 SB553    10216142920  SAVARE ERNEST JR                    113,400.00     SF     1,016.18     113,400.00 
 SB553    10216142948  WOLFE NORMAN                        119,000.00     SF     1,122.04     119,000.00 
 SB553    10216142992  JOKISCH JR PAUL H                   155,000.00     SF     1,360.24     155,000.00 
 SB553    10216143003  AL-ZEHIRI MOHAMMED                   99,900.00     SF       849.14      99,900.00 
 SB553    10216143004  AL-HECHIMI MEHAL                     67,500.00     SF       573.74      67,500.00 
 SB553    10216143007  HAMMOUD ALI                          56,700.00     SF       481.94      56,700.00 
 SB553    10216143034  BUSH MARK                           118,650.00     SF     1,041.24     118,597.51 
 SB553    10216143036  FOKOS GEORGE                         27,300.00     CD       259.99      27,300.00 
 SB553    10216143037  FOKOS GEORGE                         20,350.00     CD       193.80      20,350.00 
 SB553    10216143053  BUELL REED P                        161,250.00     SF     1,297.45     161,250.00 
 SB553    10216143070  BANKS ANTHONY C                     127,500.00     SF     1,048.91     127,500.00 
 SB553    10216143084  MALONE JOHNETTA                      49,000.00     SF       403.11      49,000.00 
 SB553    10216143120  EIDENBOCK CARL L                    115,200.00     SF       795.66     115,200.00 
 SB553    10216143171  LAPAPA BEATRICE M                   100,000.00     MF       933.48     100,000.00 
 SB553    10216143213  COVINGTON CARRIE                     64,000.00     SF       621.61      64,000.00 
 SB553    10216143218  MOWERY GARY A                        71,700.00     SF       751.34      71,700.00 
 SB553    10216143290  OLSZYNSKA JOANNA                    100,000.00     SF       822.68     100,000.00 
 SB553    10216143296  MARTINO JUSTIN                      113,000.00     SF     1,086.81     113,000.00 
 SB553    10216143368  JELEN FRANCIS J                     100,000.00     SF       971.26     100,000.00 
 SB553    10216143394  MEDINA BOBBY                        148,000.00     MF     1,353.81     148,000.00 
 SB553    10216143415  GARCIA GERALDO                       63,000.00     MF       564.54      63,000.00 
 SB553    10216143420  JESKE BRUCE E                        64,300.00     SF       534.81      64,300.00 
 SB553    10216143466  HILL RAY D                          131,750.00     SF     1,229.86     131,750.00 
 SB553    10216143505  BAZZI NAJAH MOHAMED SAID             84,800.00     SF       644.54      84,800.00 
 SB553    10216143606  RENTERIA DIGNA ESTRADA              113,600.00     SF     1,301.19     113,600.00 
 SB553    10216143682  PHAM LY MINH                        212,000.00     SF     1,667.81     212,000.00 
 SB553    10216143716  HAMMAD ISMAT                        187,000.00     SF     1,355.88     187,000.00 
 SB553    10216143723  SALYER MICHAEL A                     88,000.00     MF       821.46      88,000.00 
 SB553    10216143724  ALAWIEH BASSAM                       76,500.00     MF       629.35      76,500.00 
 SB553    10216143727  BAILLARGEON ALBERT                   70,500.00     SF       599.24      70,500.00 
 SB553    10216143728  JONES CHARLES                        60,800.00     SF       602.10      60,800.00 
 SB553    10216143729  AL-MALIKY HANAH                      18,000.00     SF       153.00      18,000.00 
 SB553    10216143732  KARROMA KORGIAS                     192,000.00     SF     1,974.94     192,000.00 
 SB553    10216143827  HALL BONNIE G                       263,400.00     MF     2,335.89     263,400.00 
 SB553    10216143912  KHAN MALICK                         200,000.00     SF     2,134.52     200,000.00 
 SB553    10216143922  GOLD-LIVINGSTON ERNESTINE           211,500.00     SF     1,895.25     211,500.00 
 SB553    10216144019  CHARBONEAU NICOLE MARIE              99,900.00     SF       932.55      99,900.00 
 SB553    10216144026  PETTY ANGELA M                       18,600.00     SF       180.65      18,600.00 
 SB553    10216144058  SPEISER JAMES J                     124,000.00     SF     1,031.37     124,000.00 
 SB553    10216144082  FULLER DARYL                        188,800.00     SF     1,536.14     188,699.53 
 SB553    10216144119  KERTEZ MICHAEL                      174,200.00     SF     1,642.51     174,200.00 
<CAPTION>
                         Origin    Next      Current      Property
                          LTV   Adjustment   Mortgage      Value at     Owner
Sale ID     Account      Ratio     Date        Rate      Origination   Occupied
- -------------------------------------------------------------------------------
<C>       <S>            <C>     <C>          <C>     <C>                 <C>
 SB553    10216142421     74.7   03/01/99     11.250     115,000.00       Y
 SB553    10216142449     54.1   03/01/99     10.625     120,000.00       Y
 SB553    10216142468     85.0   09/01/97      9.500      78,000.00       Y
 SB553    10216142539     84.9   03/01/99     11.125      95,000.00       Y
 SB553    10216142546     80.0   03/01/99      9.250      47,000.00       Y
 SB553    10216142569     84.7   04/01/99     10.500     174,000.00       N
 SB553    10216142615     90.0   03/01/99     10.500      56,000.00       Y
 SB553    10216142631     80.0   03/01/99      9.250     151,000.00       Y
 SB553    10216142692     80.0   04/01/99      9.250     275,000.00       Y
 SB553    10216142713     90.0   03/01/99     11.250      65,000.00       Y
 SB553    10216142747     73.6   04/01/99     11.875      70,000.00       Y
 SB553    10216142757     73.1   03/01/99     10.625      80,000.00       Y
 SB553    10216142779     90.0   03/01/99     10.500      70,000.00       Y
 SB553    10216142798     90.0   09/01/97     10.625     300,000.00       Y
 SB553    10216142801     85.0   09/01/97      8.375     102,000.00       Y
 SB553    10216142804     83.8   03/01/99      9.250     158,000.00       Y
 SB553    10216142816     55.0   03/01/99     12.250      82,000.00       Y
 SB553    10216142819     90.0   04/01/99     10.500      56,000.00       Y
 SB553    10216142877     84.9   03/01/99     11.375     207,000.00       Y
 SB553    10216142917     80.0   03/01/99     10.625     160,000.00       Y
 SB553    10216142920     90.0   03/01/99     10.250     126,000.00       Y
 SB553    10216142948     85.0   03/01/99     10.875     140,000.00       Y
 SB553    10216142992     69.8   10/01/97     10.000     222,000.00       Y
 SB553    10216143003     89.1   09/01/97      9.625     112,000.00       Y
 SB553    10216143004     88.8   09/01/97      9.625      76,000.00       Y
 SB553    10216143007     88.5   09/01/97      9.625      64,000.00       Y
 SB553    10216143034     84.9   03/01/99     10.000     139,605.00       Y
 SB553    10216143036     65.0   03/01/99     11.000      42,000.00       Y
 SB553    10216143037     55.0   03/01/99     11.000      37,000.00       N
 SB553    10216143053     73.2   03/01/99      9.000     220,000.00       Y
 SB553    10216143070     85.0   03/01/99      9.250     150,000.00       Y
 SB553    10216143084     70.0   04/01/99      9.250      70,000.00       N
 SB553    10216143120     90.0   10/01/97      7.375     128,000.00       Y
 SB553    10216143171     55.5   03/01/99     10.750     180,000.00       Y
 SB553    10216143213     80.0   09/01/97     11.250      80,000.00       Y
 SB553    10216143218     59.0   03/01/99     12.250     121,500.00       Y
 SB553    10216143290     79.3   03/01/99      9.250     126,000.00       Y
 SB553    10216143296     84.9   09/01/97     11.125     133,000.00       Y
 SB553    10216143368     51.2   03/01/99     11.250     195,000.00       Y
 SB553    10216143394     80.0   04/01/99     10.500     185,000.00       Y
 SB553    10216143415     90.0   04/01/99     10.250      70,000.00       Y
 SB553    10216143420     89.9   09/01/97      9.375      71,500.00       Y
 SB553    10216143466     85.0   04/01/99     10.750     155,000.00       Y
 SB553    10216143505     80.0   10/01/97      8.375     106,000.00       Y
 SB553    10216143606     80.0   04/01/99     13.500     142,000.00       Y
 SB553    10216143682     80.0   03/01/99      8.750     265,000.00       Y
 SB553    10216143716     69.5   09/01/97      7.875     269,000.00       Y
 SB553    10216143723     80.0   10/01/97     10.750     110,000.00       Y
 SB553    10216143724     81.3   03/01/99      9.250      94,000.00       Y
 SB553    10216143727     89.2   09/01/97      9.625      79,000.00       Y
 SB553    10216143728     80.0   10/01/97     11.500      76,000.00       Y
 SB553    10216143729     90.0   09/01/97      9.625      20,000.00       Y
 SB553    10216143732     78.3   04/01/99     12.000     245,000.00       Y
 SB553    10216143827     84.9   09/01/97     10.125     309,900.00       Y
 SB553    10216143912     80.0   04/01/99     12.500     250,000.00       Y
 SB553    10216143922     90.0   04/01/99     10.250     235,000.00       Y
 SB553    10216144019     79.9   09/01/97     10.750     125,000.00       Y
 SB553    10216144026     51.6   04/01/99     11.250      36,000.00       Y
 SB553    10216144058     77.5   10/01/97      9.375     160,000.00       Y
 SB553    10216144082     80.0   09/01/97      9.125     236,000.00       Y
 SB553    10216144119     84.9   03/01/99     10.875     205,000.00       Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance  Funding Company                                                    Sale Schedule B
A division of Superior Bank FSB          1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 3  3/27/97
                                                           Principal    Type of  Scheduled   Cut-off Date
                                                           Balance at  Mortgaged  Payment     Principal  
Sale ID     Account       Name                            Origination  Property  Int & Prin    Balance   
- ---------------------------------------------------------------------------------------------------------
<C>       <S>          <C>                               <C>              <C>  <C>         <C>           
 SB553    10216144317  PEREZ PEDRO                         112,800.00     SF     1,042.38     112,800.00 
 SB553    10216144445  GIBBONS LAURA P                      61,600.00     SF       512.36      61,600.00 
      ------------------------------------------------------------------     ----------------------------
              124      Sale Total                       13,099,307.00          117,779.15  13,098,247.53 
<CAPTION>
                         Origin    Next      Current      Property
                          LTV   Adjustment   Mortgage      Value at     Owner
Sale ID     Account      Ratio     Date        Rate      Origination   Occupied
- -------------------------------------------------------------------------------
<C>       <S>            <C>     <C>          <C>     <C>                 <C>
 SB553    10216144317     80.0   04/01/99     10.625     141,000.00       Y
 SB553    10216144445     89.9   10/01/97      9.375      68,500.00       Y
      -------------------------            -------------------------
              124         80.1                10.274  16,547,005.00      
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance  Funding Company                                                    Sale Schedule B
A division of Superior Bank FSB          1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 4  3/27/97
                                                           Principal    Type of  Scheduled   Cut-off Date
                                                           Balance at  Mortgaged  Payment     Principal  
Sale ID     Account       Name                            Origination  Property  Int & Prin    Balance   
- ---------------------------------------------------------------------------------------------------------
<C>       <S>          <C>                               <C>              <C>  <C>         <C>           
 SBC554   10218002644  TRAN JENNIFER T                      43,000.00     SF       361.57      42,304.82 
 SBC554   10218003911  EDWARDS WILLIAM A JR                 98,000.00     SF       989.22      97,970.36 
 SBC554   10218004122  COTRUFO RAYMOND J                   440,000.00     SF     3,780.28     439,794.72 
 SBC554   10218004779  FERRANTE ALDO                       125,375.00     SF     1,241.58     125,334.93 
 SBC554   10218005261  BINDA TAGEMATTIE                    127,200.00     MF     1,320.65     127,200.00 
 SBC554   10218005658  HAYNES GLADYS                       152,000.00     SF     1,622.23     151,961.10 
 SBC554   10218006702  LOVELL JOSEPH L                     228,000.00     SF     2,323.32     228,000.00 
 SBC554   10218007130  VINCENT DANIEL J                     38,250.00     SF       339.21      38,233.52 
 SBC554   10218007494  HIBSHMAN KIRK R                     101,230.00     SF     1,021.82     100,981.50 
 SBC554   10218007794  STEFFENS PATRICIA E                 144,500.00     SF     1,254.76     144,500.00 
 SBC554   10218007807  BLUM MITCHELL R                     143,100.00     SF     1,389.88     143,100.00 
 SBC554   10218008142  KOVALSKY DONALD                     132,000.00     SF     1,294.61     131,956.64 
 SBC554   10218008622  SHEPPARD SANDRA E                    64,000.00     SF       603.45      63,976.55 
 SBC554   10218008781  JONES CAROL C                        46,400.00     SF       472.82      46,386.35 
 SBC554   10218008785  WILSON ELLA                          75,000.00     SF       651.26      75,000.00 
 SBC554   10218008874  TARTAGLIONE RICHARD                 130,000.00     SF     1,128.85     130,000.00 
 SBC554   10218008966  CARLETON RICHARD T                   72,000.00     SF       645.19      71,969.81 
 SBC554   10218009156  VANPELT FREDERICK                    50,625.00     SF       439.60      50,625.00 
 SBC554   10218009231  LLANOS MARCELINO                     61,200.00     SF       617.76      61,181.49 
 SBC554   10218009345  PICCININNI SCOTT                    236,000.00     SF     1,984.42     235,883.91 
 SBC554   10218009421  SMITH CHERYLYNNE D                   90,000.00     SF       814.87      89,963.26 
 SBC554   10218009448  GERARDI NANCY A                     127,400.00     MF     1,213.26     127,400.00 
 SBC554   10218009483  REED MICHAEL S                       70,400.00     SF       697.16      70,354.80 
 SBC554   10218009526  LALLA JEFFERY                        88,000.00     SF       896.72      88,000.00 
 SBC554   10218009563  HIRSCH NACHAMA                      200,000.00     MF     1,645.35     200,000.00 
 SBC554   10218009604  GIACOMUCCI RICHARD J                249,500.00     SF     2,329.04     249,406.06 
 SBC554   10218009679  CHAUDHRY SAMIA N                     99,600.00     SF       855.72      99,553.53 
 SBC554   10218009784  MESSINA ROBERT                      116,600.00     SF     1,012.49     116,600.00 
 SBC554   10218009807  COSTANZA BARBARA                     85,000.00     SF       874.32      85,000.00 
 SBC554   10218009844  BROWN WILLIE                         63,000.00     SF       576.29      63,000.00 
 SBC554   10218009850  BAILEY KENSON                        94,350.00     SF       952.38      94,292.64 
 SBC554   10218009865  BOYD DONALD H                       178,500.00     SF     1,420.23     178,399.93 
 SBC554   10218009912  ANSARI LUBNA R                      117,300.00     SF     1,128.17     117,300.00 
 SBC554   10218009931  VANCE JOSEPH P                      123,000.00     SF       967.64     123,000.00 
 SBC554   10218009938  JUNEVICA NATALIJA                    96,000.00     MF     1,052.58      96,000.00 
 SBC554   10218009944  MICKEL JOSHUA S                      72,250.00     MF       674.44      72,250.00 
 SBC554   10218009959  BAUER RICHARD P                      44,368.00     MF       417.51      44,368.00 
 SBC554   10218009973  SANTOPADRE ROCCO JR                  76,500.00     SF       728.53      76,472.72 
 SBC554   10218010193  NIKNAM AMENEH FARAH                  70,000.00     SF       640.32      69,772.18 
 SBC554   10218010248  KILLION ROBERT L                    101,500.00     SF       862.74     101,500.00 
 SBC554   10218010348  LUXENBERG SANDI                     120,000.00     MF       998.10     120,000.00 
 SBC554   10218010380  ESCOBAR RUSSELL H                   124,200.00     SF     1,067.07     124,142.06 
 SBC554   10218010397  LIMONCELLI MARY JUDITH               94,500.00     SF       718.27      94,500.00 
 SBC554   10218010423  SALTER RICHARD                      212,500.00     SF     2,063.93     212,500.00 
 SBC554   10218010648  DIIORIO JOHN                        178,500.00     SF     1,767.67     178,500.00 
 SBC554   10218010735  VAIRO ANOINETTE                     205,700.00     SF     1,920.17     205,622.56 
 SBC554   10218010805  DARROYO JOHN D                       49,000.00     SF       425.49      49,000.00 
 SBC554   10218010840  SAFDIEH ABRAHAM                     284,000.00     SF     2,544.93     284,000.00 
 SBC554   10218010862  WHITE CRYSTAL                        65,000.00     CD       576.43      65,000.00 
 SBC554   10218010884  GIARDALAS PATRICIA                  195,000.00     MF     1,693.28     195,000.00 
 SBC554   10218010917  ROMIG DAVID W                        78,000.00     SF       728.12      78,000.00 
 SBC554   10218010934  HAYNES DOUGLAS V.                    92,000.00     SF       748.54      92,000.00 
 SBC554   10218010953  CORRIGAN ROSEANN                     90,400.00     SF       982.37      90,400.00 
 SBC554   10218010996  PANNIELLO VINCENT E                 147,000.00     SF     1,399.91     147,000.00 
 SBC554   10218011056  CROWTHER MARK K                      85,180.00     SF       670.11      85,180.00 
 SBC554   10218011210  LEVIEV DAVID                        267,750.00     MF     2,728.37     267,671.24 
 SBC554   10218011219  LIPSCOMB WILLIAM                     47,840.00     SF       492.09      47,840.00 
 SBC554   10218011224  LEEDS HOWARD                        178,000.00     SF     1,628.24     178,000.00 
 SBC554   10218011238  COURSEY STACEY L                     46,750.00     SF       480.88      46,750.00 
 SBC554   10218011301  MORSE KERRY P                        79,650.00     SF       706.35      79,650.00 
 SBC554   10218011306  GORMAN CAROL A                       96,300.00     SF       862.94      96,300.00 
<CAPTION>
                         Origin    Next      Current      Property
                          LTV   Adjustment   Mortgage      Value at     Owner
Sale ID     Account      Ratio     Date        Rate      Origination   Occupied
- -------------------------------------------------------------------------------
<C>       <S>            <C>     <C>          <C>     <C>                 <C>
 SBC554   10218002644     63.2   05/01/97      9.500      68,000.00       Y
 SBC554   10218003911     70.0   02/01/99     11.750     140,000.00       Y
 SBC554   10218004122     80.0   02/01/99      9.750     550,000.00       Y
 SBC554   10218004779     85.0   02/01/99     11.500     147,500.00       Y
 SBC554   10218005261     80.0   02/01/99     12.125     159,000.00       Y
 SBC554   10218005658     80.0   02/01/99     12.500     190,000.00       Y
 SBC554   10218006702     80.0   08/01/97     11.875     285,000.00       Y
 SBC554   10218007130     85.0   08/01/97     10.125      45,000.00       Y
 SBC554   10218007494     80.9   02/01/99     11.750     125,000.00       Y
 SBC554   10218007794     85.0   03/01/99      9.875     170,000.00       Y
 SBC554   10218007807     90.0   02/01/99     11.250     159,000.00       Y
 SBC554   10218008142     80.0   07/01/97     11.375     165,000.00       Y
 SBC554   10218008622     80.0   07/01/97     10.875      80,000.00       Y
 SBC554   10218008781     80.0   08/01/97     11.875      58,000.00       Y
 SBC554   10218008785     45.1   03/01/99      9.875     166,000.00       Y
 SBC554   10218008874     70.2   03/01/99      9.875     185,000.00       Y
 SBC554   10218008966     53.3   08/01/97     10.250     135,000.00       Y
 SBC554   10218009156     75.0   03/01/99      9.875      67,500.00       Y
 SBC554   10218009231     85.0   02/01/99     11.750      72,000.00       Y
 SBC554   10218009345     80.0   02/01/99      9.500     295,000.00       Y
 SBC554   10218009421     72.0   02/01/99     10.375     125,000.00       Y
 SBC554   10218009448     84.9   03/01/99     11.000     149,900.00       Y
 SBC554   10218009483     80.0   02/01/99     11.500      88,000.00       Y
 SBC554   10218009526     80.0   09/01/97     11.875     110,000.00       Y
 SBC554   10218009563     80.0   03/01/99      9.250     250,000.00       Y
 SBC554   10218009604     71.9   02/01/99     10.750     347,000.00       Y
 SBC554   10218009679     80.0   02/01/99      9.750     124,500.00       Y
 SBC554   10218009784     32.8   03/01/99      9.875     355,000.00       Y
 SBC554   10218009807     77.2   03/01/99     12.000     110,000.00       Y
 SBC554   10218009844     87.5   03/01/99     10.500      72,000.00       Y
 SBC554   10218009850     85.0   12/01/98     11.750     111,000.00       Y
 SBC554   10218009865     85.0   02/01/99      8.875     210,000.00       Y
 SBC554   10218009912     85.0   09/01/97     11.125     138,000.00       Y
 SBC554   10218009931     75.0   04/01/99      8.750     164,000.00       Y
 SBC554   10218009938     80.0   03/01/99     12.875     120,000.00       Y
 SBC554   10218009944     85.0   08/01/97     10.750      85,000.00       Y
 SBC554   10218009959     70.9   03/01/99     10.850      62,500.00       N
 SBC554   10218009973     90.0   02/01/99     11.000      85,000.00       Y
 SBC554   10218010193     70.0   02/01/99     10.500     100,000.00       N
 SBC554   10218010248     58.0   03/01/99      9.625     175,000.00       Y
 SBC554   10218010348     80.0   09/01/97      9.375     150,000.00       Y
 SBC554   10218010380     90.0   08/01/97      9.750     138,000.00       Y
 SBC554   10218010397     60.9   03/01/99      8.375     155,000.00       Y
 SBC554   10218010423     85.0   03/01/99     11.250     250,000.00       Y
 SBC554   10218010648     85.0   09/01/97     11.500     210,000.00       Y
 SBC554   10218010735     85.0   02/01/99     10.750     242,000.00       Y
 SBC554   10218010805     70.0   08/01/97      9.875      70,000.00       Y
 SBC554   10218010840     49.3   03/01/99     10.250     575,000.00       Y
 SBC554   10218010862     15.2   03/01/99     10.125     425,000.00       Y
 SBC554   10218010884     75.0   09/01/97      9.875     260,000.00       Y
 SBC554   10218010917     75.0   03/01/99     10.750     104,000.00       Y
 SBC554   10218010934     81.4   04/01/99      9.125     113,000.00       Y
 SBC554   10218010953     80.0   03/01/99     12.750     113,000.00       Y
 SBC554   10218010996     84.9   03/01/99     11.000     173,000.00       Y
 SBC554   10218011056     70.9   03/01/99      8.750     120,000.00       N
 SBC554   10218011210     85.0   02/01/99     11.875     315,000.00       Y
 SBC554   10218011219     69.3   03/01/99     12.000      69,000.00       Y
 SBC554   10218011224     80.9   09/01/97     10.500     220,000.00       Y
 SBC554   10218011238     85.0   03/01/99     12.000      55,000.00       Y
 SBC554   10218011301     90.0   03/01/99     10.125      88,500.00       Y
 SBC554   10218011306     90.0   04/01/99     10.250     107,000.00       Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Alliance  Funding Company                                                    Sale Schedule B
A division of Superior Bank FSB          1996-4 Class 2 - 1st Subsequent Transfer of Adjustable Rate Mortgages - Settlement 3/27/97
                                                                                                                    Page 5  3/27/97
                                                           Principal    Type of  Scheduled   Cut-off Date
                                                           Balance at  Mortgaged  Payment     Principal  
Sale ID     Account       Name                            Origination  Property  Int & Prin    Balance   
- ---------------------------------------------------------------------------------------------------------
<C>       <S>          <C>                               <C>              <C>  <C>         <C>           
 SBC554   10218011333  SALEEBY DANIEL B.                    56,000.00     SF       481.13      55,973.87 
 SBC554   10218011407  KANTANAS NICK                       152,800.00     SF     1,298.78     152,800.00 
 SBC554   10218011453  REYES ANGELO                         56,500.00     MF       575.74      56,500.00 
 SBC554   10218011459  PAUL EDWARD J                       123,300.00     SF     1,025.55     123,300.00 
 SBC554   10218011488  KELLY IAN H                         139,200.00     SF     1,208.74     139,200.00 
 SBC554   10218011489  EDWARDS ALICE                        54,400.00     MF       554.34      54,400.00 
 SBC554   10218011526  MOORE PHILLIP G                      82,600.00     SF       664.62      82,600.00 
 SBC554   10218011536  DYE GERALD L                         47,873.00     SF       446.89      47,855.68 
 SBC554   10218011879  ROBERTO CHRISTOPHER T               187,850.00     SF     1,613.92     187,850.00 
 SBC554   10218011964  WEIST MELVIN T                       68,000.00     SF       692.92      68,000.00 
 SBC554   10218011969  BERGMAN DANA H                      245,250.00     SF     1,929.38     245,108.90 
 SBC554   10218011976  SILVERSTONE PHILLIP W               544,000.00     SF     4,874.79     544,000.00 
 SBC554   10218012030  PULEO MARY ANNE                      33,250.00     SF       322.94      33,250.00 
 SBC554   10218012317  REDLINE SHERI L                      94,000.00     SF       756.35      94,000.00 
 SBC554   10218012557  HART KATHLEEN                        45,000.00     SF       420.07      45,000.00 
 SBC554   10218012630  LICK LILLIAN E                       74,400.00     SF       701.51      74,400.00 
 SBC554   10218012756  HARMES EDWARD M                     126,400.00     SF     1,349.01     126,400.00 
 SBC554   10218012813  LARSEN THERESA M                    140,250.00     SF     1,375.52     140,250.00 
 SBC554   10218012885  FALERO PATRICIA                     225,000.00     SF     1,953.78     225,000.00 
 SBC554   10218012889  KLINE W BOYD JR                      57,600.00     MF       532.28      57,555.24 
 SBC554   10218012956  MULLENBACH MATTHEW G                 52,200.00     SF       406.01      52,200.00 
 SBC554   10218013023  MILLARD MICHAEL R                   166,500.00     MF     1,461.16     166,500.00 
 SBC554   10218013113  MULQUEENEY SHARON E                 142,400.00     SF     1,437.40     142,400.00 
 SBC554   10218013164  HOPKINS ELAINE EVANS                 43,500.00     SF       422.50      43,500.00 
 SBC554   10218013180  RIVES DONALD R                      193,500.00     SF     1,470.74     193,500.00 
 SBC554   10218013262  KAMINSKI PETER P                     70,000.00     SF       575.87      70,000.00 
 SBC554   10218013699  ALEXANDER VERA E                    161,500.00     MF     1,568.59     161,500.00 
 SBC554   10218014486  MYERS MALLON R.                      34,400.00     SF       270.62      34,400.00 
      ------------------------------------------------------------------     ----------------------------
               89      Sale Total                       10,826,091.00           98,836.65  10,823,493.37 
              213      Total with Superior              23,925,398.00          216,615.80  23,921,740.90 
              213      Grand Total                      23,925,398.00          216,615.80  23,921,740.90 
<CAPTION>
                         Origin    Next      Current      Property
                          LTV   Adjustment   Mortgage      Value at     Owner
Sale ID     Account      Ratio     Date        Rate      Origination   Occupied
- -------------------------------------------------------------------------------
<C>       <S>            <C>     <C>          <C>     <C>                 <C>
 SBC554   10218011333     74.6   09/01/97      9.750      75,000.00       Y
 SBC554   10218011407     80.0   09/01/97      9.625     191,000.00       Y
 SBC554   10218011453     64.9   09/01/97     11.875      87,000.00       Y
 SBC554   10218011459     90.0   09/01/97      9.375     137,000.00       Y
 SBC554   10218011488     76.0   09/01/97      9.875     183,000.00       Y
 SBC554   10218011489     85.0   03/01/99     11.875      64,000.00       Y
 SBC554   10218011526     70.0   04/01/99      9.000     118,000.00       Y
 SBC554   10218011536     75.9   03/01/99     10.750      63,000.00       Y
 SBC554   10218011879     85.0   03/01/99      9.750     221,000.00       Y
 SBC554   10218011964     80.0   03/01/99     11.875      85,000.00       Y
 SBC554   10218011969     90.0   08/01/97      8.750     272,500.00       Y
 SBC554   10218011976     85.0   03/01/99     10.250     640,000.00       Y
 SBC554   10218012030     70.0   03/01/99     11.250      47,500.00       Y
 SBC554   10218012317     83.5   04/01/99      9.000     112,500.00       Y
 SBC554   10218012557     56.2   04/01/99     10.750      80,000.00       Y
 SBC554   10218012630     80.8   10/01/97     10.875      92,000.00       Y
 SBC554   10218012756     80.0   04/01/99     12.500     158,000.00       Y
 SBC554   10218012813     85.0   09/01/97     11.375     165,000.00       Y
 SBC554   10218012885     90.0   03/01/99      9.875     250,000.00       Y
 SBC554   10218012889     60.6   01/01/99     10.625      95,000.00       N
 SBC554   10218012956     90.0   09/01/97      8.625      58,000.00       Y
 SBC554   10218013023     90.0   04/01/99     10.000     185,000.00       Y
 SBC554   10218013113     80.0   04/01/99     11.750     178,000.00       Y
 SBC554   10218013164     75.0   04/01/99     11.250      58,000.00       Y
 SBC554   10218013180     90.0   10/01/97      8.375     215,000.00       Y
 SBC554   10218013262     70.0   03/01/99      9.250     100,000.00       Y
 SBC554   10218013699     85.0   03/01/99     11.250     190,000.00       Y
 SBC554   10218014486     80.0   04/01/99      8.750      43,000.00       Y
      -------------------------            -------------------------
               89         78.9                10.463  14,359,900.00      
              213         79.6                10.360  30,906,905.00      
              213         79.6                10.360  30,906,905.00      
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission