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




                       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)
                                  June 28, 1996



                    First Alliance Mortgage Loan Trust 1996-2
                    -----------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>

                                                                             APPLICATION
             California                          33-99604                      PENDING
- ------------------------------------------  -------------------    ----------------------------------

   <S>                                       <C>                          <C>   
   (State or Other Jurisdiction of           (Commission File              (I.R.S. Employer
           Incorporation)                         Number)                 Identification No.)


      c/o Bankers Trust Company                                                  92714
         of California, N.A.                                       ----------------------------------
      3 Park Plaza, 16th Floor                                                (Zip Code)
         Irvine, California
- -----------------------------------------                                               
Address of Principal Executive Offices)

</TABLE>


        Registrant's telephone number, including area code (714) 550-6800
                                                           ---------------
                                    No Change
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

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




<PAGE>



Item 2.  Acquisition or Disposition of Assets
         ------------------------------------
Description of the Conveyance of Subsequent Mortgage Loans

         On June 28,  1996,  First  Alliance  Mortgage  Loan Trust  1996-2  (the
"Trust") acquired $15,172,271 of Subsequent Mortgage Loans pursuant to the terms
of the Pooling and Servicing  Agreement dated as of June 1, 1996,  between First
Alliance Mortgage  Company,  as Company and Servicer (the "Company") and Bankers
Trust  Company  of  California,  N.A.,  in its  capacity  as  Trustee,  and  the
Subsequent  Transfer  Agreement  among the Company and the Trust,  as purchaser,
dated June 28, 1996. The Subsequent  Mortgage Loans possess the  characteristics
required by the  Prospectus  dated June 10, 1996 and the  Prospectus  supplement
dated June 10,  1996,  filed  pursuant to Rule  424(b)(5) of the Act on June 18,
1996.  The Schedule of Subsequent  Mortgage  Loans is attached to the Subsequent
Transfer Agreement.



                                                                            

<PAGE>



Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------
(a)      Not applicable

(b)      Not applicable

(c)      Exhibits:

         10.1     Subsequent  Transfer Agreement dated as of June 28, 1996 among
                  First  Alliance  Mortgage  Company,  as  the  Company  and  as
                  Servicer and First Alliance  Mortgage Loan Trust 1996-2 as the
                  Purchaser.



                                                                      

<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.


                                    By:   FIRST ALLIANCE MORTGAGE COMPANY, as
                                             Company


                                             By:  /s/Brian Chisick
                                                 ---------------------
                                                 Name: Brian Chisick
                                                 Title: President


Dated:  July 12, 1996
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4503}]
{"company-data": {"conformed-name": "FIRST ALLIANCE MORTGAGE LOAN TRUST 1996-2", "cik": "0001017018", "assigned-sic": "[]", "irs-number": "952944875", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-99604-01", "film-number": "96594596"}, "business-address": {"street1": "17305 VON KARMAN AVE", "city": "IRVINE", "state": "CA", "zip": "92714", "phone": "7142248500"}, "mail-address": {"street1": "17305 VON KARMAN AVENUE", "city": "IRVINE", "state": "CA", "zip": "92714"}}
- --------------------------------------------------------------------------------

                       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)
                                  June 28, 1996

                    First Alliance Mortgage Loan Trust 1996-2
                    -----------------------------------------
             (Exact name of registrant as specified in its charter)

                                                                             APPLICATION
             California                          33-99604                      PENDING
- ------------------------------------------  -------------------    ----------------------------------
(State or Other Jurisdiction of           (Commission File              (I.R.S. Employer
           Incorporation)                         Number)                 Identification No.)

      c/o Bankers Trust Company                                                  92714
         of California, N.A.                                       ----------------------------------
      3 Park Plaza, 16th Floor                                                (Zip Code)
         Irvine, California
- -----------------------------------------                                               
Address of Principal Executive Offices)
Registrant's telephone number, including area code (714) 550-6800
                                                           ---------------
                                    No Change
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

- --------------------------------------------------------------------------------
Item 2.  Acquisition or Disposition of Assets
         ------------------------------------
Description of the Conveyance of Subsequent Mortgage Loans

         On June 28,  1996,  First  Alliance  Mortgage  Loan Trust  1996-2  (the
"Trust") acquired $15,172,271 of Subsequent Mortgage Loans pursuant to the terms
of the Pooling and Servicing  Agreement dated as of June 1, 1996,  between First
Alliance Mortgage  Company,  as Company and Servicer (the "Company") and Bankers
Trust  Company  of  California,  N.A.,  in its  capacity  as  Trustee,  and  the
Subsequent  Transfer  Agreement  among the Company and the Trust,  as purchaser,
dated June 28, 1996. The Subsequent  Mortgage Loans possess the  characteristics
required by the  Prospectus  dated June 10, 1996 and the  Prospectus  supplement
dated June 10,  1996,  filed  pursuant to Rule  424(b)(5) of the Act on June 18,
1996.  The Schedule of Subsequent  Mortgage  Loans is attached to the Subsequent
Transfer Agreement.
Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------
(a)      Not applicable

(b)      Not applicable

(c)      Exhibits:

         10.1     Subsequent  Transfer Agreement dated as of June 28, 1996 among
                  First  Alliance  Mortgage  Company,  as  the  Company  and  as
                  Servicer and First Alliance  Mortgage Loan Trust 1996-2 as the
                  Purchaser.
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.

                                    By:   FIRST ALLIANCE MORTGAGE COMPANY, as
                                             Company

                                             By:  /s/Brian Chisick
                                                 ---------------------
                                                 Name: Brian Chisick
                                                 Title: President

Dated:  July 12, 1996