-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PBJnUX+06MmKrR1VMw7BJNpl6RXhkHR4bCxWdyDT7G6pC0OCrybz986rGEhS+7qb fQFZ2ISYmd/BLMuBJYApLg== 0001019687-98-000191.txt : 19980720 0001019687-98-000191.hdr.sgml : 19980720 ACCESSION NUMBER: 0001019687-98-000191 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980622 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980717 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ALLIANCE MORTGAGE LOAN TRUST 1998-1A CENTRAL INDEX KEY: 0001058237 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 137148830 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-44584-01 FILM NUMBER: 98667821 BUSINESS ADDRESS: STREET 1: C/O WILMINGTON TRUST CO STREET 2: 1100 NORTH MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19890 BUSINESS PHONE: 7142248500 MAIL ADDRESS: STREET 1: C/O FIRST ALLIANCE MORTGAGE CO STREET 2: 17305 VON KARMAN AVE CITY: IRVINE STATE: CA ZIP: 92714 8-K 1 LOAN TRUST JUNE, 1998-1A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 22, 1998 ------------- First Alliance Mortgage Company on behalf of First Alliance Mortgage Loan Trust 1998-1A --------------------------------------------------------- (Exact name of registrant as specified in its charter) California 333-44585 95-2944875 - ---------------------------- -------------------- ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) c/o First Alliance Mortgage Company Attention: Brian Chisick President & CEO 17305 Von Karman Avenue Irvine, CA 92614 ----------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (949)224-8500 Not Applicable ----------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. Information relating to the distributions to Certificateholders for the June 1998 Monthly Period of the Trust in respect of the First Alliance Mortgage Loan Asset Backed Certificates, Series 1998-1A, Class A (the "Certificates") issued by the Registrant and the performance of the Trust (including distributions of principal and interest, delinquent balances of Mortgage Loans, and the subordinated amount remaining), together with certain other information relating to the certificates, is contained in the Monthly Report for the Monthly Period provided to certificateholders pursuant to the Pooling and Servicing Agreement (the "Agreement") dated as of March 1, 1998 between First Alliance Mortgage Company as Servicer, and Chase Manhattan Bank, as trustee. Item 7. Exhibit. Monthly Report for the June 1998 Monthly Period relating to the First Alliance Mortgage Loan Asset Backed Certificates Series 1998-1A, Class A issued by the First Alliance Mortgage Loan Trust 1998-1A. - -------------------------------------------------------------------------------- FIRST ALLIANCE MORTGAGE COMPANY MORTGAGE LOAN ASSET BACKED NOTES SERIES 1998-1A ================================================================================ DISTRIBUTION: 22-Jun-98
- ------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING ENDING NOTE NOTE PRINCIPAL INTEREST TOTAL NOTE SUBORDINATION PRINCIPAL CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE AMOUNT BALANCE - ------------------------------------------------------------------------------------------------------------------------------- NOTE 54,600,000.00 52,361,455.61 841,392.73 281,568.27 1,122,961.00 51,520,062.88 360,942.18 51,881,005.06 CERT N/A N/A 0.00 0.00 0.00 N/A N/A N/A =============================================================================================================================== TOTALS 54,600,000.00 52,361,455.61 841,392.73 281,568.27 1,122,961.00 51,520,062.88 51,881,005.06 ===============================================================================================================================
FACTOR INFORMATION PER $1,000
- ------------------------------------------------- --------------------------------- PRINCIPAL INTEREST ENDING NOTE INIT NOTE CURR NOTE CLASS DISTRIBUTION DISTRIBUTION BALANCE CLASS RATE RATE - ------------------------------------------------- --------------------------------- NOTE 15.41012331 5.15692802 943.59089515 NOTE 5.8975% 5.8663% CERT N/A N/A N/A CERT N/A N/A - ------------------------------------------------- ---------------------------------
- -------------------------------------------------------------------------------- FIRST ALLIANCE MORTGAGE COMPANY MORTGAGE LOAN ASSET BACKED NOTES SERIES 1998-1A ================================================================================ DISTRIBUTION: 22-Jun-98 PER $1000 --------- SECTION 3.8(a)(i) NOTE DISTRIBUTION 1,122,961.00 20.57 SECTION 3.8(a)(ii) TOTAL PRINCIPAL DISTRIBUTION 841,392.73 15.41
----------------------------------------------------------------------------------- PREPAYMENTS & PREPAID PREFUNDING SCH. PRIN. INSTALLMENTS ACCT. REMAINDER LIQUIDATIONS SUB. INCREASE SUB RED. ----------------------------------------------------------------------------------- 36,322.44 0.00 725,449.44 0.00 79,620.85 0.00 -----------------------------------------------------------------------------------
SECTION 3.8(a)(iii) TOTAL INTEREST DISTRIBUTION 281,568.27 SECTION 3.8(a)(v) INSURED PAYMENT 0.00 SECTION 3.8(a)(vii) LOAN PURCHASE PRICES 37,597.99 SUBSTITUTION AMOUNTS 0.00 SECTION 3.8(a)(viii) SUBORDINATION REDUCTION AMOUNT 0.00 SECTION 3.8(a)(ix) CURRENT REALIZED LOSSES 0.00 CUMULATIVE REALIZED LOSSES 0.00
SECTION 3.8(a)(x) NUMBER LOAN BALANCE ------ ------------ LOANS BOUGHT BACK PURSUANT TO SECTION 2.4 CURRENT 0 0.00 CUMULATIVE 0 0.00 LOANS BOUGHT BACK PURSUANT TO SECTION 2.6 CURRENT 0 0.00 CUMULATIVE 0 0.00 LOANS BOUGHT BACK PURSUANT TO SECTION 4.10 CURRENT 0 0.00 CUMULATIVE 0 0.00
SECTION 3.8(a)(xi) AVAILABLE FUNDS CAP CARRY-FORWARD AMOUNT - SECTION 3.8(b)(i) DELINQUENT MORTGAGE LOANS (includes loans in foreclosure and bankruptcy): ----------------------------------------------------- AGGREGATE CATEGORY NUMBER LOAN BALANCE PERCENTAGE ----------------------------------------------------- 30-59 DAYS 7 602,740.39 1.16% 60-89 DAYS 1 40,000.00 0.08% 90 + DAYS 6 506,445.90 0.98% ----------------------------------------------------- SECTION 3.8(b)(ii) LOANS IN FORECLOSURE (included in delinquencies above): -------------------------------------------- AGGREGATE NUMBER LOAN BALANCE PERCENTAGE -------------------------------------------- 13 1,028,946.29 1.98% -------------------------------------------- SECTION 3.8(b)(iii) LOANS IN BANKRUPTCY (included in delinquencies above): -------------------------------------------- AGGREGATE NUMBER LOAN BALANCE PERCENTAGE -------------------------------------------- 1 120,240.00 0.23% -------------------------------------------- SECTION 3.8(b)(iv) REO PROPERTIES (not included in delinquencies above): -------------------------------------------- AGGREGATE NUMBER LOAN BALANCE PERCENTAGE -------------------------------------------- 0 0.00 0.00% -------------------------------------------- SECTION 3.8(b)(vi) BOOK VALUE OF REO PROPERTY - SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. First Alliance Mortgage Loan Trust 1998-1A ------------------------------------------ (Registrant) By: First Alliance Mortgage Company --------------------------------------- (Servicer) Date: July 20, 1998 By: /s/ Brian Chisick ------------------ --------------------------------------- Name: Brian Chisick ------------------------------------- President and Title: Chief Executive Officer ------------------------------------ -----END PRIVACY-ENHANCED MESSAGE-----