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.

                         Access Financial Mortgage Loan
Trust, 1996-1
                         (Registrant)

                         By:  Norwest Bank of Minnesota,
N.A.


                         Name:     Kris Solie-Johnson

                         Title:    Corporate Trust Officer


                                                  Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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




                                                      Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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
44,000,000.00       5.70000000%               0.00
0.00               0.00   0.9622837009
A-2      Senior         Sequential Pay   Fixed
16,000,000.00       5.65000000%               0.00
0.00               0.00   1.0000000000
A-3      Senior         Sequential Pay   Fixed
20,000,000.00       5.80000000%               0.00
0.00               0.00   1.0000000000
A-4      Senior         Sequential Pay   Fixed
26,000,000.00       6.20000000%               0.00
0.00               0.00   1.0000000000
A-5      Senior         Sequential Pay   Fixed
13,588,000.00       7.05000000%               0.00
0.00               0.00   1.0000000000
A-6      Senior         Sequential Pay   Variable
55,452,000.00       4.79166670%               0.00
0.00               0.00   0.9875336051
B-Fixed  Subordinate    Sequential Pay   Variable
153.58 3296018.20549551%               0.00
0.00               0.00
B-Vari   Subordinate    Sequential Pay   Variable
737.64  365947.78232146%               0.00
0.00               0.00 305.9564828372
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
175,040,891.22                                 0.00
0.00               0.00   0.9902650165

































Report  1
   03/15/96 -- 10:28am
Page  1 of  1



                                                 Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996                Phone:
(410) 884-2100
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          5.70000000%
44,000,000.00         209,000.00       1,659,517.16
0.00      42,340,482.84       1,868,517.16
A-2        02/29/1996          5.65000000%
16,000,000.00          75,333.33               0.00
0.00      16,000,000.00          75,333.33
A-3        02/29/1996          5.80000000%
20,000,000.00          96,666.67               0.00
0.00      20,000,000.00          96,666.67
A-4        02/29/1996          6.20000000%
26,000,000.00         134,333.33               0.00
0.00      26,000,000.00         134,333.33
A-5        02/29/1996          7.05000000%
13,588,000.00          79,829.50               0.00
0.00      13,588,000.00          79,829.50
A-6        02/29/1996          4.79166670%
55,452,000.00         221,422.92         691,286.53
0.00      54,760,713.47         912,709.45
B-Fixed    02/29/1996
153.58               0.00               0.00
0.00         421,988.98               0.00
B-Vari     02/29/1996
737.64               0.00               0.00
0.00         225,685.74               0.00
RU         02/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
175,040,891.22         816,585.75       2,350,803.69
0.00     173,336,871.03       3,167,389.44

































Report  2
   03/15/96 -- 10:28am
Page  1 of  1



                                             Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services              Reporting
Month:      February 1996             Phone:
(410) 884-2100
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              003916AA1              44,000,000.00
4.75000000      5.21173682     22.91739409     37.71629909
0.00000000    0.9622837009
A-2              003916AB9              16,000,000.00
4.70833313      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-3              003916AC7              20,000,000.00
4.83333350      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-4              003916AD5              26,000,000.00
5.16666654      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-5              003916AE3              13,588,000.00
5.87500000      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-6              003916AF0              55,452,000.00
3.99305562      4.40932951      4.00043804     12.46639490
0.00000000    0.9875336051
B-Fixed          N/A                           153.58
0.00000000      0.00000000      0.00000000      0.00000000
0.00000000 2747.6818596171
B-Vari           N/A                           737.64
0.00000000      0.00000000      0.00000000      0.00000000
0.00000000  305.9564828372
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 175,040,891.22
0.9902650165
































Report  3
   03/15/96 -- 10:28am
Page  1 of  1



                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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            44,000,000.00       229,316.42
1,008,365.34       421,835.40             0.00
1,659,517.16             0.00    42,340,482.84
0.00
A-2            16,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    16,000,000.00             0.00
A-3            20,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    20,000,000.00             0.00
A-4            26,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    26,000,000.00             0.00
A-5            13,588,000.00             0.00
0.00             0.00             0.00             0.00
0.00    13,588,000.00             0.00
A-6            55,452,000.00       244,506.14
221,832.29       224,948.10             0.00
691,286.53             0.00    54,760,713.47
0.00
B-Fixed               153.58             0.00
0.00     (421,835.40)             0.00             0.00
0.00       421,988.98             0.00
B-Vari                737.64             0.00
0.00     (224,948.10)             0.00             0.00
0.00       225,685.74             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        175,040,891.22       473,822.56
1,230,197.63           (0.00)             0.00
2,350,803.69             0.00   173,336,871.03
0.00


*Principal Balance Reduction

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


























Report  4
   03/15/96 -- 10:28am
Page  1 of  1



                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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               5.70000000%    44,000,000.00
209,000.00             0.00             0.00
0.00             0.00       209,000.00    42,340,482.84
A-2               5.65000000%    16,000,000.00
75,333.33             0.00             0.00             0.00
0.00        75,333.33    16,000,000.00
A-3               5.80000000%    20,000,000.00
96,666.67             0.00             0.00             0.00
0.00        96,666.67    20,000,000.00
A-4               6.20000000%    26,000,000.00
134,333.33             0.00             0.00
0.00             0.00       134,333.33    26,000,000.00
A-5               7.05000000%    13,588,000.00
79,829.50             0.00             0.00             0.00
0.00        79,829.50    13,588,000.00
A-6               4.79166670%    55,452,000.00
221,422.92             0.00             0.00
0.00             0.00       221,422.92    54,760,713.47
B-Fixed     3296018.20549551%           153.58
421,835.40             0.00       421,835.40
0.00             0.00             0.00       421,988.98
B-Vari       365947.78232146%           737.64
224,948.10             0.00       224,948.10
0.00             0.00             0.00       225,685.74
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,463,369.25             0.00       646,783.50
0.00             0.00       816,585.75

























Notes:
Class A-6 Interest is accrued @ LIBOR = 5.375% over the
applicable accrual period.





Report  5
   03/15/96 -- 10:28am
Page  1 of  1




Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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               1,463,369.25
Interest Payments                                816,585.75
    Scheduled Principal                           473,822.56
Scheduled Principal Payment                      473,822.56
    Other Principal                             1,230,197.63
Other Principal Payments                       1,876,981.13
    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
3,167,389.44                Total Withdrawals
3,167,389.44


Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________






























Report  6
   03/15/96 -- 10:28am
Page  1 of  1




Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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                  48  2,968,025.19        15    719,257.80
1    105,350.00         0          0.00         0
0.00        64       3,792,632.99
2                   4    325,750.00         9  1,024,400.00
2    210,200.00         0          0.00         0
0.00        15       1,560,350.00
____________________________________________________________
____________________________________________________________
________________________________________
Totals             52  3,293,775.19        24  1,743,657.80
3    315,550.00         0          0.00         0
0.00        79       5,352,982.99



























Report  7
   03/15/96 -- 10:28am
Page  1 of  1



                                              Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services               Reporting
Month:      February 1996              Phone:
(410) 884-2100
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
2,025,635.86|        1,306,732.39           718,903.47

|
Positive Amortization
473,822.56|          229,316.42           244,506.14
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
1,230,197.63|        1,008,365.34           221,832.29
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
1,704,020.19|        1,237,681.76           466,338.43

|
Scheduled Interest
1,551,813.30|        1,077,415.97           474,397.33
Servicing Fee
61,594.00|           42,343.67            19,250.33
Master Servicing Fee
4,011.35|            2,740.56             1,270.79
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,463,369.25|        1,016,998.23           446,371.02

|
Beginning Balance
175,040,891.22|      119,588,153.58        55,452,737.64
Ending Balance
173,336,871.03|      118,350,471.82        54,986,399.21
Gross P&I Distribution
3,194,239.49|        2,272,754.06           921,485.43
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
3,194,239.49|        2,272,754.06           921,485.43

|
Beginning Loan Count
2444|                1904                  540
Number of Loan Payoffs
14|                  13                    1
Ending Loan Count
2430|                1891                  539

|
Weighted Average Maturity
0.0000000000|      234.3300000000       347.6400000000
Weighted Average Gross Rate
0.000000000%|       11.123000000%         9.548800000%
Weighted Average Net Rate
0.000000000%|       10.698100000%         9.132200000%
Weighted Average Pass-Through Rate
0.000000000%|       10.515500000%         8.941300000%
Weighted Average Margin
0.000000000%|        0.000000000%         5.953300000%

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

|

|







Report  8
   03/15/96 -- 10:28am
Page  1 of  1
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 22585}]
{"company-data": {"conformed-name": "ACCESS FINANCIAL MORTGAGE LOAN TRUST 1996-1", "cik": "0001008617", "assigned-sic": "6189", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-96500-03", "film-number": "96548065"}, "business-address": {"street1": "C/O NORWEST BANK MINNESOTA NA", "street2": "1100 BROKEN LAND PARKWAY", "city": "COLUMBIA", "state": "MD", "zip": "21044", "phone": "4108842076"}}
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.

                         Access Financial Mortgage Loan
Trust, 1996-1
                         (Registrant)

                         By:  Norwest Bank of Minnesota,
N.A.

                         Name:     Kris Solie-Johnson

                         Title:    Corporate Trust Officer

                                                  Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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

                                                      Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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
44,000,000.00       5.70000000%               0.00
0.00               0.00   0.9622837009
A-2      Senior         Sequential Pay   Fixed
16,000,000.00       5.65000000%               0.00
0.00               0.00   1.0000000000
A-3      Senior         Sequential Pay   Fixed
20,000,000.00       5.80000000%               0.00
0.00               0.00   1.0000000000
A-4      Senior         Sequential Pay   Fixed
26,000,000.00       6.20000000%               0.00
0.00               0.00   1.0000000000
A-5      Senior         Sequential Pay   Fixed
13,588,000.00       7.05000000%               0.00
0.00               0.00   1.0000000000
A-6      Senior         Sequential Pay   Variable
55,452,000.00       4.79166670%               0.00
0.00               0.00   0.9875336051
B-Fixed  Subordinate    Sequential Pay   Variable
153.58 3296018.20549551%               0.00
0.00               0.00
B-Vari   Subordinate    Sequential Pay   Variable
737.64  365947.78232146%               0.00
0.00               0.00 305.9564828372
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
175,040,891.22                                 0.00
0.00               0.00   0.9902650165

Report  1
   03/15/96 -- 10:28am
Page  1 of  1

                                                 Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996                Phone:
(410) 884-2100
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          5.70000000%
44,000,000.00         209,000.00       1,659,517.16
0.00      42,340,482.84       1,868,517.16
A-2        02/29/1996          5.65000000%
16,000,000.00          75,333.33               0.00
0.00      16,000,000.00          75,333.33
A-3        02/29/1996          5.80000000%
20,000,000.00          96,666.67               0.00
0.00      20,000,000.00          96,666.67
A-4        02/29/1996          6.20000000%
26,000,000.00         134,333.33               0.00
0.00      26,000,000.00         134,333.33
A-5        02/29/1996          7.05000000%
13,588,000.00          79,829.50               0.00
0.00      13,588,000.00          79,829.50
A-6        02/29/1996          4.79166670%
55,452,000.00         221,422.92         691,286.53
0.00      54,760,713.47         912,709.45
B-Fixed    02/29/1996
153.58               0.00               0.00
0.00         421,988.98               0.00
B-Vari     02/29/1996
737.64               0.00               0.00
0.00         225,685.74               0.00
RU         02/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
175,040,891.22         816,585.75       2,350,803.69
0.00     173,336,871.03       3,167,389.44

Report  2
   03/15/96 -- 10:28am
Page  1 of  1

                                             Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services              Reporting
Month:      February 1996             Phone:
(410) 884-2100
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              003916AA1              44,000,000.00
4.75000000      5.21173682     22.91739409     37.71629909
0.00000000    0.9622837009
A-2              003916AB9              16,000,000.00
4.70833313      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-3              003916AC7              20,000,000.00
4.83333350      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-4              003916AD5              26,000,000.00
5.16666654      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-5              003916AE3              13,588,000.00
5.87500000      0.00000000      0.00000000      0.00000000
0.00000000    1.0000000000
A-6              003916AF0              55,452,000.00
3.99305562      4.40932951      4.00043804     12.46639490
0.00000000    0.9875336051
B-Fixed          N/A                           153.58
0.00000000      0.00000000      0.00000000      0.00000000
0.00000000 2747.6818596171
B-Vari           N/A                           737.64
0.00000000      0.00000000      0.00000000      0.00000000
0.00000000  305.9564828372
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 175,040,891.22
0.9902650165

Report  3
   03/15/96 -- 10:28am
Page  1 of  1

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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            44,000,000.00       229,316.42
1,008,365.34       421,835.40             0.00
1,659,517.16             0.00    42,340,482.84
0.00
A-2            16,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    16,000,000.00             0.00
A-3            20,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    20,000,000.00             0.00
A-4            26,000,000.00             0.00
0.00             0.00             0.00             0.00
0.00    26,000,000.00             0.00
A-5            13,588,000.00             0.00
0.00             0.00             0.00             0.00
0.00    13,588,000.00             0.00
A-6            55,452,000.00       244,506.14
221,832.29       224,948.10             0.00
691,286.53             0.00    54,760,713.47
0.00
B-Fixed               153.58             0.00
0.00     (421,835.40)             0.00             0.00
0.00       421,988.98             0.00
B-Vari                737.64             0.00
0.00     (224,948.10)             0.00             0.00
0.00       225,685.74             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        175,040,891.22       473,822.56
1,230,197.63           (0.00)             0.00
2,350,803.69             0.00   173,336,871.03
0.00

*Principal Balance Reduction

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

Report  4
   03/15/96 -- 10:28am
Page  1 of  1

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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               5.70000000%    44,000,000.00
209,000.00             0.00             0.00
0.00             0.00       209,000.00    42,340,482.84
A-2               5.65000000%    16,000,000.00
75,333.33             0.00             0.00             0.00
0.00        75,333.33    16,000,000.00
A-3               5.80000000%    20,000,000.00
96,666.67             0.00             0.00             0.00
0.00        96,666.67    20,000,000.00
A-4               6.20000000%    26,000,000.00
134,333.33             0.00             0.00
0.00             0.00       134,333.33    26,000,000.00
A-5               7.05000000%    13,588,000.00
79,829.50             0.00             0.00             0.00
0.00        79,829.50    13,588,000.00
A-6               4.79166670%    55,452,000.00
221,422.92             0.00             0.00
0.00             0.00       221,422.92    54,760,713.47
B-Fixed     3296018.20549551%           153.58
421,835.40             0.00       421,835.40
0.00             0.00             0.00       421,988.98
B-Vari       365947.78232146%           737.64
224,948.10             0.00       224,948.10
0.00             0.00             0.00       225,685.74
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,463,369.25             0.00       646,783.50
0.00             0.00       816,585.75

Notes:
Class A-6 Interest is accrued @ LIBOR = 5.375% over the
applicable accrual period.

Report  5
   03/15/96 -- 10:28am
Page  1 of  1

Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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               1,463,369.25
Interest Payments                                816,585.75
    Scheduled Principal                           473,822.56
Scheduled Principal Payment                      473,822.56
    Other Principal                             1,230,197.63
Other Principal Payments                       1,876,981.13
    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
3,167,389.44                Total Withdrawals
3,167,389.44

Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________

Report  6
   03/15/96 -- 10:28am
Page  1 of  1

Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      February 1996
Phone:                           (410) 884-2100
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                  48  2,968,025.19        15    719,257.80
1    105,350.00         0          0.00         0
0.00        64       3,792,632.99
2                   4    325,750.00         9  1,024,400.00
2    210,200.00         0          0.00         0
0.00        15       1,560,350.00
____________________________________________________________
____________________________________________________________
________________________________________
Totals             52  3,293,775.19        24  1,743,657.80
3    315,550.00         0          0.00         0
0.00        79       5,352,982.99

Report  7
   03/15/96 -- 10:28am
Page  1 of  1

                                              Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services               Reporting
Month:      February 1996              Phone:
(410) 884-2100
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
2,025,635.86|        1,306,732.39           718,903.47

|
Positive Amortization
473,822.56|          229,316.42           244,506.14
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
1,230,197.63|        1,008,365.34           221,832.29
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
1,704,020.19|        1,237,681.76           466,338.43

|
Scheduled Interest
1,551,813.30|        1,077,415.97           474,397.33
Servicing Fee
61,594.00|           42,343.67            19,250.33
Master Servicing Fee
4,011.35|            2,740.56             1,270.79
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,463,369.25|        1,016,998.23           446,371.02

|
Beginning Balance
175,040,891.22|      119,588,153.58        55,452,737.64
Ending Balance
173,336,871.03|      118,350,471.82        54,986,399.21
Gross P&I Distribution
3,194,239.49|        2,272,754.06           921,485.43
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
3,194,239.49|        2,272,754.06           921,485.43

|
Beginning Loan Count
2444|                1904                  540
Number of Loan Payoffs
14|                  13                    1
Ending Loan Count
2430|                1891                  539

|
Weighted Average Maturity
0.0000000000|      234.3300000000       347.6400000000
Weighted Average Gross Rate
0.000000000%|       11.123000000%         9.548800000%
Weighted Average Net Rate
0.000000000%|       10.698100000%         9.132200000%
Weighted Average Pass-Through Rate
0.000000000%|       10.515500000%         8.941300000%
Weighted Average Margin
0.000000000%|        0.000000000%         5.953300000%

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

|

|

Report  8
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