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.

                         Equicon Mortgage Loan Trust 1995-2
                         (Registrant)

                         By:  Norwest Bank of Minnesota, N.A.

                         Name:     Kris Solie - Johnson

                         Title:    Corporate Trust Officer


                                                      Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Cover Page - Issuing

                          Report Name
Report Number

____________________________________________________________
__                              ________________

                          Series Structure Summary
1

                          Class Distribution Summary
2

                          Class Distribution Per 1,000 of
Original Balance
3

                          Class Principal Distribution
4

                          Class Interest Distribution
5

                          Fund Account Summary
6

                          Loss/Delinquency Detail
7

                          Collateral Summary
8





Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Series Structure Summary - Issuing


Aggregate Realized                             Aggregate
Ending
         Class
Original Principal                     Losses Principal
Aggregate Interest      Undistributed      Principal
Class    Description    Principal Type   Interest Type
Balance Pass Through Rate  Balance Reduction
Shortfall          Principal         Factor
____________________________________________________________
____________________________________________________________
_______________________________________________
A-1      Senior         Sequential Pay   Fixed
35,000,000.00       6.45000000%               0.00
0.00               0.00   0.9211771829
A-2      Senior         Sequential Pay   Fixed
21,000,000.00       6.50000000%               0.00
0.00               0.00   1.0000000000
A-3      Senior         Sequential Pay   Fixed
10,000,000.00       6.75000000%               0.00
0.00               0.00   1.0000000000
A-4      Senior         Sequential Pay   Fixed
8,000,000.00       7.10000000%               0.00
0.00               0.00   1.0000000000
A-5      Senior         Sequential Pay   Fixed
5,287,000.00       7.40000000%               0.00
0.00               0.00   1.0000000000
A-6      Senior         Sequential Pay   Variable
39,667,000.00       5.14125000%               0.00
0.00               0.00   0.9433228606
B Fixed  Subordinate    Sequential Pay   Variable
567.57     589.26554400%               0.00
0.00               0.00 880.9486054584
B Vari   Subordinate    Sequential Pay   Variable
142.78     405.82401600%               0.00
0.00               0.00
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
118,954,710.35                                 0.00
0.00               0.00   0.9663088496

































Report  1
   03/14/96 --  3:25pm
Page  1 of  1



                                                     Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996                Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

                                                    Class
Distribution Summary - Issuing


Beginning
Principal             Ending
                              Pass Through
Principal     Total Interest    Total Principal
Balance          Principal              Total
Class      Record Date                Rate
Balance       Distribution       Distribution
Reduction            Balance       Distribution
____________________________________________________________
____________________________________________________________
____________________________________
A-1        02/29/1996          6.45000000%
32,619,481.49         175,329.71         378,280.09
0.00      32,241,201.40         553,609.80
A-2        02/29/1996          6.50000000%
21,000,000.00         113,750.00               0.00
0.00      21,000,000.00         113,750.00
A-3        02/29/1996          6.75000000%
10,000,000.00          56,250.00               0.00
0.00      10,000,000.00          56,250.00
A-4        02/29/1996          7.10000000%
8,000,000.00          47,333.33               0.00
0.00       8,000,000.00          47,333.33
A-5        02/29/1996          7.40000000%
5,287,000.00          32,603.17               0.00
0.00       5,287,000.00          32,603.17
A-6        02/29/1996          5.14125000%
38,167,767.93         163,525.03         748,980.02
0.00      37,418,787.91         912,505.05
B Fixed    02/29/1996        589.26554400%
500,000.00         245,527.31               0.00
0.00         500,000.00         245,527.31
B Vari     02/29/1996        405.82401600%
500,000.00         169,093.34               0.00
0.00         500,000.00         169,093.34
RU         02/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
116,074,249.42       1,003,411.89       1,127,260.11
0.00     114,946,989.31       2,130,672.00

































Report  2
   03/14/96 --  3:25pm
Page  1 of  1



                                                 Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services              Reporting
Month:      February 1996             Phone:
(410) 884-2117
11000 Broken Land Parkway                       Distribution
Date:     March 18, 1996             InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800

                                     Class Distribution Per
1,000 of Original Balance - Issuing


Total Other
                                                       Total
Interest       Scheduled       Principal Total Principal
Principal          Ending

Distribution       Principal    Distribution    Distribution
Balance       Principal
Class            Cusip               Original Balance
Factor          Factor          Factor          Factor
Reduction          Factor
____________________________________________________________
____________________________________________________________
_____________________________
A-1              294419AU0              35,000,000.00
5.00942029      2.43746143      8.37054114     10.80800257
0.00000000    0.9211771829
A-2              294419AV8              21,000,000.00
5.41666667      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-3              294419AW6              10,000,000.00
5.62500000      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-4              294419AX4               8,000,000.00
5.91666625      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-5              294419AY2               5,287,000.00
6.16666730      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-6              294419AZ9              39,667,000.00
4.12244511      1.10579348     17.77589709     18.88169057
0.00000000    0.9433228606
B Fixed          N/A                           567.57
432593.88269288      0.00000000      0.00000000
0.00000000      0.00000000  880.9486054584
B Vari           N/A                           142.78
0.00000000      0.00000000      0.00000000      0.00000000
3501.8910211514
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 118,954,710.35
0.9663088496
































Report  3
   03/14/96 --  3:25pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

                                                       Class
Principal Distribution - Issuing

                   Beginning
Principal           Ending          Current
                   Principal        Scheduled
Unscheduled                             Other  Total
Principal          Balance        Principal    Undistributed
Class                Balance        Principal
Principal        Accretion        Principal     Distribution
Reduction*          Balance        Principal
____________________________________________________________
____________________________________________________________
____________________________________________
A-1            32,619,481.49        85,311.15
292,968.94             0.00             0.00
378,280.09             0.00    32,241,201.40
0.00
A-2            21,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    21,000,000.00             0.00
A-3            10,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    10,000,000.00             0.00
A-4             8,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00     8,000,000.00             0.00
A-5             5,287,000.00             0.00
0.00             0.00             0.00             0.00
0.00     5,287,000.00             0.00
A-6            38,167,767.93        43,863.51
705,116.51             0.00             0.00
748,980.02             0.00    37,418,787.91
0.00
B Fixed           500,000.00             0.00
0.00             0.00             0.00             0.00
0.00       500,000.00             0.00
B Vari            500,000.00             0.00
0.00             0.00             0.00             0.00
0.00       500,000.00             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        116,074,249.42       129,174.66
998,085.45             0.00             0.00
1,127,260.11             0.00   114,946,989.31
0.00


*Principal Balance Reduction

Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
0.00
Other
0.00


























Report  4
   03/14/96 --  3:25pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Class Interest Distribution - Issuing

                                     Beginning
Negative                            Ending
                                    Principal/
Interest                                       Amortization
Principal/
                                      Notional
Interest       Shortfall/                             Other
Interest   Total Interest         Notional
Class       Pass-Through Rate          Balance
Accrual       (Recovery)        Accretion         Interest
Reduction     Distribution          Balance
____________________________________________________________
____________________________________________________________
_____________________________________________
A-1               6.45000000%    32,619,481.49
175,329.71             0.00             0.00
0.00             0.00       175,329.71    32,241,201.40
A-2               6.50000000%    21,000,000.00
113,750.00             0.00             0.00
0.00             0.00       113,750.00    21,000,000.00
A-3               6.75000000%    10,000,000.00
56,250.00             0.00             0.00             0.00
0.00        56,250.00    10,000,000.00
A-4               7.10000000%     8,000,000.00
47,333.33             0.00             0.00             0.00
0.00        47,333.33     8,000,000.00
A-5               7.40000000%     5,287,000.00
32,603.17             0.00             0.00             0.00
0.00        32,603.17     5,287,000.00
A-6               5.14125000%    38,167,767.93
163,525.03             0.00             0.00
0.00             0.00       163,525.03    37,418,787.91
B Fixed         589.26554400%       500,000.00
245,527.31             0.00             0.00
0.00             0.00       245,527.31       500,000.00
B Vari          405.82401600%       500,000.00
169,093.34             0.00             0.00
0.00             0.00       169,093.34       500,000.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,003,411.89             0.00             0.00
0.00             0.00     1,003,411.89

























Notes:
Class A-6 Interest is accrued @ LIBOR = 5.3125% over the
applicable accrual period.





Report  5
   03/14/96 --  3:25pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Fund Account Summary - Issuing

____________________________________________________________
____________________________________________________________
______________________________________________________

Proceeds Account
   Beginning Balance
0.00

   DEPOSITS:
WITHDRAWALS:
    Interest Net of Servicing Fee               1,003,411.89
Interest Payments                              1,003,411.89
    Scheduled Principal                           129,174.66
Scheduled Principal Payment                      129,174.66
    Other Principal                               998,085.45
Other Principal Payments                         998,085.45
    Negative Amortization                               0.00
Reserve Fund 1                                         0.00
    Deposits from Reserve Fund                          0.00
Fees and Expenses                                      0.00
    Gain/Loss Adjustment                                0.00
Other Withdrawals                                      0.00
    Other Deposits                                      0.00

   Total Deposit
2,130,672.00                Total Withdrawals
2,130,672.00


Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________






























Report  6
   03/14/96 --  3:25pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Loss/Delinquency Detail - Issuing

                  Current         Current         Current
Current           Total       Aggregate       Aggregate
Aggregate       Aggregate           Total
                    Fraud      Bankruptcy  Special Hazard
Credit         Current           Fraud      Bankruptcy
Special Hazard          Credit       Aggregate
Pool #             Losses          Losses          Losses
Losses          Losses          Losses          Losses
Losses          Losses          Losses
____________________________________________________________
____________________________________________________________
_________________________________________________

1                    0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
2                    0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00





____________________________________________________________
____________________________________________________________
________________________________________
             30  Days  Delinquent    60  Days  Delinquent
90  Days  Delinquent             Foreclosures
REO's                      Totals
               Number       Balance    Number       Balance
Number       Balance    Number       Balance    Number
Balance    Number            Balance
1                  74  4,122,001.76        18    926,611.23
11    816,545.20         5    320,803.31         0
0.00       108       6,185,961.50
2                  33  2,274,616.07         9    846,831.67
4    592,500.00         1    110,500.00         0
0.00        47       3,824,447.74
____________________________________________________________
____________________________________________________________
________________________________________
Totals            107  6,396,617.83        27  1,773,442.90
15  1,409,045.20         6    431,303.31         0
0.00       155      10,010,409.24



























Report  7
   03/14/96 --  3:25pm
Page  1 of  1



                                                  Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services               Reporting
Month:      February 1996              Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Collateral Summary - Issuing


Total|              Pool 1               Pool 2

____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,191,236.42|          795,253.87           395,982.55

|
Positive Amortization
129,174.66|           85,311.15            43,863.51
Negative Amortization
0.00|                0.00                 0.00
Regular Curtailments
0.00|                0.00                 0.00
Regular Curtailment Interest
0.00|                0.00                 0.00
Prepaid Curtailments
0.00|                0.00                 0.00
Prepaid Curtailment Interest
0.00|                0.00                 0.00
Liquidations
998,085.45|          292,968.94           705,116.51
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
1,127,260.11|          378,280.09           748,980.02

|
Scheduled Interest
1,062,061.76|          709,942.72           352,119.04
Servicing Fee
41,400.16|           27,820.99            13,579.17
Master Servicing Fee
2,660.04|            1,773.90               886.14
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,003,411.89|          670,793.52           332,618.37

|
Beginning Balance
116,074,249.42|       77,406,481.49        38,667,767.93
Ending Balance
114,946,989.31|       77,028,201.40        37,918,787.91
Gross P&I Distribution
2,147,921.71|        1,060,401.82         1,087,519.89
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
2,147,921.71|        1,060,401.82         1,087,519.89

|
Beginning Loan Count
1609|                1216                  393
Number of Loan Payoffs
15|                   8                    7
Ending Loan Count
1594|                1208                  386

|
Weighted Average Maturity
0.0000000000|      234.6500000000       347.6700000000
Weighted Average Gross Rate
0.000000000%|       11.139400000%        10.821800000%
Weighted Average Net Rate
0.000000000%|       10.708100000%        10.400400000%
Weighted Average Pass-Through Rate
0.000000000%|       10.531900000%        10.214300000%
Weighted Average Margin
0.000000000%|        0.000000000%         6.242600000%

|
Advances on Delinquencies
|
  Current Period Principal
0.00|                0.00                 0.00
  Current Period Interest
0.00|                0.00                 0.00

|

|







Report  8
   03/14/96 --  3:25pm
Page  1 of  1
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 22390}]
{"company-data": {"conformed-name": "EQUICON MORTGAGE LOAN TRUST 1995-2", "cik": "0001002669", "assigned-sic": "6189", "irs-number": "526772802", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-96500-01", "film-number": "96547953"}, "business-address": {"street1": "NORWEST BANK MINNESOTA SAS TAX DEPT", "street2": "11000 BROKEN LAND PKWY", "city": "COLUMBIA", "state": "MD", "zip": "21044", "phone": "4108842076"}, "mail-address": {"street1": "C/O NORWEST BANK MINNESOTA SAS TAX DEPT", "street2": "11000 BROKEN LAND PKWY", "city": "COLUMBIA", "state": "MD", "zip": "21044"}}
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.

                         Equicon Mortgage Loan Trust 1995-2
                         (Registrant)

                         By:  Norwest Bank of Minnesota, N.A.

                         Name:     Kris Solie - Johnson

                         Title:    Corporate Trust Officer

                                                      Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Cover Page - Issuing

                          Report Name
Report Number

____________________________________________________________
__                              ________________

                          Series Structure Summary
1

                          Class Distribution Summary
2

                          Class Distribution Per 1,000 of
Original Balance
3

                          Class Principal Distribution
4

                          Class Interest Distribution
5

                          Fund Account Summary
6

                          Loss/Delinquency Detail
7

                          Collateral Summary
8

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Series Structure Summary - Issuing

Aggregate Realized                             Aggregate
Ending
         Class
Original Principal                     Losses Principal
Aggregate Interest      Undistributed      Principal
Class    Description    Principal Type   Interest Type
Balance Pass Through Rate  Balance Reduction
Shortfall          Principal         Factor
____________________________________________________________
____________________________________________________________
_______________________________________________
A-1      Senior         Sequential Pay   Fixed
35,000,000.00       6.45000000%               0.00
0.00               0.00   0.9211771829
A-2      Senior         Sequential Pay   Fixed
21,000,000.00       6.50000000%               0.00
0.00               0.00   1.0000000000
A-3      Senior         Sequential Pay   Fixed
10,000,000.00       6.75000000%               0.00
0.00               0.00   1.0000000000
A-4      Senior         Sequential Pay   Fixed
8,000,000.00       7.10000000%               0.00
0.00               0.00   1.0000000000
A-5      Senior         Sequential Pay   Fixed
5,287,000.00       7.40000000%               0.00
0.00               0.00   1.0000000000
A-6      Senior         Sequential Pay   Variable
39,667,000.00       5.14125000%               0.00
0.00               0.00   0.9433228606
B Fixed  Subordinate    Sequential Pay   Variable
567.57     589.26554400%               0.00
0.00               0.00 880.9486054584
B Vari   Subordinate    Sequential Pay   Variable
142.78     405.82401600%               0.00
0.00               0.00
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
118,954,710.35                                 0.00
0.00               0.00   0.9663088496

Report  1
   03/14/96 --  3:25pm
Page  1 of  1

                                                     Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996                Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

                                                    Class
Distribution Summary - Issuing

Beginning
Principal             Ending
                              Pass Through
Principal     Total Interest    Total Principal
Balance          Principal              Total
Class      Record Date                Rate
Balance       Distribution       Distribution
Reduction            Balance       Distribution
____________________________________________________________
____________________________________________________________
____________________________________
A-1        02/29/1996          6.45000000%
32,619,481.49         175,329.71         378,280.09
0.00      32,241,201.40         553,609.80
A-2        02/29/1996          6.50000000%
21,000,000.00         113,750.00               0.00
0.00      21,000,000.00         113,750.00
A-3        02/29/1996          6.75000000%
10,000,000.00          56,250.00               0.00
0.00      10,000,000.00          56,250.00
A-4        02/29/1996          7.10000000%
8,000,000.00          47,333.33               0.00
0.00       8,000,000.00          47,333.33
A-5        02/29/1996          7.40000000%
5,287,000.00          32,603.17               0.00
0.00       5,287,000.00          32,603.17
A-6        02/29/1996          5.14125000%
38,167,767.93         163,525.03         748,980.02
0.00      37,418,787.91         912,505.05
B Fixed    02/29/1996        589.26554400%
500,000.00         245,527.31               0.00
0.00         500,000.00         245,527.31
B Vari     02/29/1996        405.82401600%
500,000.00         169,093.34               0.00
0.00         500,000.00         169,093.34
RU         02/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
116,074,249.42       1,003,411.89       1,127,260.11
0.00     114,946,989.31       2,130,672.00

Report  2
   03/14/96 --  3:25pm
Page  1 of  1

                                                 Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services              Reporting
Month:      February 1996             Phone:
(410) 884-2117
11000 Broken Land Parkway                       Distribution
Date:     March 18, 1996             InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800

                                     Class Distribution Per
1,000 of Original Balance - Issuing

Total Other
                                                       Total
Interest       Scheduled       Principal Total Principal
Principal          Ending

Distribution       Principal    Distribution    Distribution
Balance       Principal
Class            Cusip               Original Balance
Factor          Factor          Factor          Factor
Reduction          Factor
____________________________________________________________
____________________________________________________________
_____________________________
A-1              294419AU0              35,000,000.00
5.00942029      2.43746143      8.37054114     10.80800257
0.00000000    0.9211771829
A-2              294419AV8              21,000,000.00
5.41666667      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-3              294419AW6              10,000,000.00
5.62500000      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-4              294419AX4               8,000,000.00
5.91666625      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-5              294419AY2               5,287,000.00
6.16666730      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-6              294419AZ9              39,667,000.00
4.12244511      1.10579348     17.77589709     18.88169057
0.00000000    0.9433228606
B Fixed          N/A                           567.57
432593.88269288      0.00000000      0.00000000
0.00000000      0.00000000  880.9486054584
B Vari           N/A                           142.78
0.00000000      0.00000000      0.00000000      0.00000000
3501.8910211514
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 118,954,710.35
0.9663088496

Report  3
   03/14/96 --  3:25pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

                                                       Class
Principal Distribution - Issuing

                   Beginning
Principal           Ending          Current
                   Principal        Scheduled
Unscheduled                             Other  Total
Principal          Balance        Principal    Undistributed
Class                Balance        Principal
Principal        Accretion        Principal     Distribution
Reduction*          Balance        Principal
____________________________________________________________
____________________________________________________________
____________________________________________
A-1            32,619,481.49        85,311.15
292,968.94             0.00             0.00
378,280.09             0.00    32,241,201.40
0.00
A-2            21,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    21,000,000.00             0.00
A-3            10,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    10,000,000.00             0.00
A-4             8,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00     8,000,000.00             0.00
A-5             5,287,000.00             0.00
0.00             0.00             0.00             0.00
0.00     5,287,000.00             0.00
A-6            38,167,767.93        43,863.51
705,116.51             0.00             0.00
748,980.02             0.00    37,418,787.91
0.00
B Fixed           500,000.00             0.00
0.00             0.00             0.00             0.00
0.00       500,000.00             0.00
B Vari            500,000.00             0.00
0.00             0.00             0.00             0.00
0.00       500,000.00             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        116,074,249.42       129,174.66
998,085.45             0.00             0.00
1,127,260.11             0.00   114,946,989.31
0.00

*Principal Balance Reduction

Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
0.00
Other
0.00

Report  4
   03/14/96 --  3:25pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Class Interest Distribution - Issuing

                                     Beginning
Negative                            Ending
                                    Principal/
Interest                                       Amortization
Principal/
                                      Notional
Interest       Shortfall/                             Other
Interest   Total Interest         Notional
Class       Pass-Through Rate          Balance
Accrual       (Recovery)        Accretion         Interest
Reduction     Distribution          Balance
____________________________________________________________
____________________________________________________________
_____________________________________________
A-1               6.45000000%    32,619,481.49
175,329.71             0.00             0.00
0.00             0.00       175,329.71    32,241,201.40
A-2               6.50000000%    21,000,000.00
113,750.00             0.00             0.00
0.00             0.00       113,750.00    21,000,000.00
A-3               6.75000000%    10,000,000.00
56,250.00             0.00             0.00             0.00
0.00        56,250.00    10,000,000.00
A-4               7.10000000%     8,000,000.00
47,333.33             0.00             0.00             0.00
0.00        47,333.33     8,000,000.00
A-5               7.40000000%     5,287,000.00
32,603.17             0.00             0.00             0.00
0.00        32,603.17     5,287,000.00
A-6               5.14125000%    38,167,767.93
163,525.03             0.00             0.00
0.00             0.00       163,525.03    37,418,787.91
B Fixed         589.26554400%       500,000.00
245,527.31             0.00             0.00
0.00             0.00       245,527.31       500,000.00
B Vari          405.82401600%       500,000.00
169,093.34             0.00             0.00
0.00             0.00       169,093.34       500,000.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,003,411.89             0.00             0.00
0.00             0.00     1,003,411.89

Notes:
Class A-6 Interest is accrued @ LIBOR = 5.3125% over the
applicable accrual period.

Report  5
   03/14/96 --  3:25pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Fund Account Summary - Issuing

____________________________________________________________
____________________________________________________________
______________________________________________________

Proceeds Account
   Beginning Balance
0.00

   DEPOSITS:
WITHDRAWALS:
    Interest Net of Servicing Fee               1,003,411.89
Interest Payments                              1,003,411.89
    Scheduled Principal                           129,174.66
Scheduled Principal Payment                      129,174.66
    Other Principal                               998,085.45
Other Principal Payments                         998,085.45
    Negative Amortization                               0.00
Reserve Fund 1                                         0.00
    Deposits from Reserve Fund                          0.00
Fees and Expenses                                      0.00
    Gain/Loss Adjustment                                0.00
Other Withdrawals                                      0.00
    Other Deposits                                      0.00

   Total Deposit
2,130,672.00                Total Withdrawals
2,130,672.00

Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________

Report  6
   03/14/96 --  3:25pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Loss/Delinquency Detail - Issuing

                  Current         Current         Current
Current           Total       Aggregate       Aggregate
Aggregate       Aggregate           Total
                    Fraud      Bankruptcy  Special Hazard
Credit         Current           Fraud      Bankruptcy
Special Hazard          Credit       Aggregate
Pool #             Losses          Losses          Losses
Losses          Losses          Losses          Losses
Losses          Losses          Losses
____________________________________________________________
____________________________________________________________
_________________________________________________

1                    0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
2                    0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00

____________________________________________________________
____________________________________________________________
________________________________________
             30  Days  Delinquent    60  Days  Delinquent
90  Days  Delinquent             Foreclosures
REO's                      Totals
               Number       Balance    Number       Balance
Number       Balance    Number       Balance    Number
Balance    Number            Balance
1                  74  4,122,001.76        18    926,611.23
11    816,545.20         5    320,803.31         0
0.00       108       6,185,961.50
2                  33  2,274,616.07         9    846,831.67
4    592,500.00         1    110,500.00         0
0.00        47       3,824,447.74
____________________________________________________________
____________________________________________________________
________________________________________
Totals            107  6,396,617.83        27  1,773,442.90
15  1,409,045.20         6    431,303.31         0
0.00       155      10,010,409.24

Report  7
   03/14/96 --  3:25pm
Page  1 of  1

                                                  Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services               Reporting
Month:      February 1996              Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     March 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Collateral Summary - Issuing

Total|              Pool 1               Pool 2

____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,191,236.42|          795,253.87           395,982.55

|
Positive Amortization
129,174.66|           85,311.15            43,863.51
Negative Amortization
0.00|                0.00                 0.00
Regular Curtailments
0.00|                0.00                 0.00
Regular Curtailment Interest
0.00|                0.00                 0.00
Prepaid Curtailments
0.00|                0.00                 0.00
Prepaid Curtailment Interest
0.00|                0.00                 0.00
Liquidations
998,085.45|          292,968.94           705,116.51
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
1,127,260.11|          378,280.09           748,980.02

|
Scheduled Interest
1,062,061.76|          709,942.72           352,119.04
Servicing Fee
41,400.16|           27,820.99            13,579.17
Master Servicing Fee
2,660.04|            1,773.90               886.14
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,003,411.89|          670,793.52           332,618.37

|
Beginning Balance
116,074,249.42|       77,406,481.49        38,667,767.93
Ending Balance
114,946,989.31|       77,028,201.40        37,918,787.91
Gross P&I Distribution
2,147,921.71|        1,060,401.82         1,087,519.89
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
2,147,921.71|        1,060,401.82         1,087,519.89

|
Beginning Loan Count
1609|                1216                  393
Number of Loan Payoffs
15|                   8                    7
Ending Loan Count
1594|                1208                  386

|
Weighted Average Maturity
0.0000000000|      234.6500000000       347.6700000000
Weighted Average Gross Rate
0.000000000%|       11.139400000%        10.821800000%
Weighted Average Net Rate
0.000000000%|       10.708100000%        10.400400000%
Weighted Average Pass-Through Rate
0.000000000%|       10.531900000%        10.214300000%
Weighted Average Margin
0.000000000%|        0.000000000%         6.242600000%

|
Advances on Delinquencies
|
  Current Period Principal
0.00|                0.00                 0.00
  Current Period Interest
0.00|                0.00                 0.00

|

|

Report  8
   03/14/96 --  3:25pm
Page  1 of  1