<PAGE>
- ------------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) March 29, 1996

                    First Alliance Morgage Loan Trust 1996-1
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                    33-91148             Application Pending
- ----------------------------     --------------------   ------------------------
(State or Other Jurisdiction         (Commission             (I.R.S. Employer
      of Incorporation               File Number)           Identification No.)


c/o Prudential Securities                                        10292
   Secured Financing                                     -----------------------
      Corporation                                             (Zip Code)
Attention:  Norman Chaleff
  One New York Plaza
  New York, New York          
 (Address of Principal)
   Executive Offices


Registrant's telephone number, including area code (212) 778-1000
                                                   ---------------

                                   No Change
    ----------------------------------------------------------------------
          (Former name or former address, if changed since last report)

- --------------------------------------------------------------------------------

<PAGE>

Item 5.     Other Events
            -------------

     In  connection  with the  offering of Mortgage  Pass-Through  Certificates,
Series 1996-1,  described in a Prospectus Supplement dated as of March 28, 1996,
certain  "Computational  Materials"  within  the  meanings  of the May 20,  1994
Kidder,  Peabody  No-Action  Letter and the February 17, 1995 Public  Securities
Association  No-Action  Letter were furnished to certain  propsective  investors
(the "Related Computational Materials").


     Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
              ------------------------------------------------------------------

     (a)     Not applicable

     (b)     Not applicable

     (c)     Exhibit 99.1 Related Computational Materials (as defined in Item 5 
             above.)

<PAGE>
                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                              FIRST ALLIANCE MORTGAGE LOAN TRUST 1996-1

                              By:  Prudential Securities Secured Financing
                                   Corporation, as Depositor


                                   By:  /s/Norman Chaleff
                                      ---------------------------
                                        Name: NORMAN CHALEFF
                                        Title: Vice President



Dated: April 2, 1996


<PAGE>
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3341}]
{"company-data": {"conformed-name": "PRUDENTIAL SECURITIES SECURED FINANCING CORP", "cik": "0000839849", "assigned-sic": "6189", "irs-number": "133526694", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-84918", "film-number": "96547368"}, "business-address": {"street1": "ONE NEW YORK PLAZA", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10292", "phone": "2122141000"}, "mail-address": {"street1": "ONE SEAPORT PLAZA", "street2": "26TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10292"}, "former-company": {"former-conformed-name": "PB SECURED FINANCING CORP", "date-changed": "19910819"}}
- ------------------------------------------------------------------------------

                       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 29, 1996

                    First Alliance Morgage Loan Trust 1996-1
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                    33-91148             Application Pending
- ----------------------------     --------------------   ------------------------
(State or Other Jurisdiction         (Commission             (I.R.S. Employer
      of Incorporation               File Number)           Identification No.)

c/o Prudential Securities                                        10292
   Secured Financing                                     -----------------------
      Corporation                                             (Zip Code)
Attention:  Norman Chaleff
  One New York Plaza
  New York, New York          
 (Address of Principal)
   Executive Offices

Registrant's telephone number, including area code (212) 778-1000
                                                   ---------------

                                   No Change
    ----------------------------------------------------------------------
          (Former name or former address, if changed since last report)

- --------------------------------------------------------------------------------
Item 5.     Other Events
            -------------

     In  connection  with the  offering of Mortgage  Pass-Through  Certificates,
Series 1996-1,  described in a Prospectus Supplement dated as of March 28, 1996,
certain  "Computational  Materials"  within  the  meanings  of the May 20,  1994
Kidder,  Peabody  No-Action  Letter and the February 17, 1995 Public  Securities
Association  No-Action  Letter were furnished to certain  propsective  investors
(the "Related Computational Materials").

     Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
              ------------------------------------------------------------------

     (a)     Not applicable

     (b)     Not applicable

     (c)     Exhibit 99.1 Related Computational Materials (as defined in Item 5 
             above.)
SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                              FIRST ALLIANCE MORTGAGE LOAN TRUST 1996-1

                              By:  Prudential Securities Secured Financing
                                   Corporation, as Depositor

                                   By:  /s/Norman Chaleff
                                      ---------------------------
                                        Name: NORMAN CHALEFF
                                        Title: Vice President

Dated: April 2, 1996