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



                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

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


                Date of Report (Date of earliest event reported)
                                  June 10, 1996



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


<TABLE>
<CAPTION>

                                                                        APPLICATION
         California                        33-99604                       PENDING
                                                                    ------------------
<S>                                      <C>                         <C>  
(State or Other Jurisdiction of          (Commission 
       of Incorporation)                 File Number)                 (I.R.S. Employer
                                                                     Identification No.)
- -------------------------------          -------------              
 c/o Bankers Trust Company                                                            
    of California, N.A.                                                    92714
  3 Park Plaza, 16th Floor                                          ------------------
    Irvine, California                                                  (Zip Code)
- -------------------------------
  (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 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------
(a)      Not applicable

(b)      Not applicable

(c)      Exhibits:

                  99.1     Computational   Materials   provided  by   Prudential
                           Securities  Incorporated  in  connection  with  sales
                           efforts related to the Registrant's securities.

                  99.2     Consent Letter of Independent Accountants provided by
                           Coopers  &  Lybrand  L.L.P.,   dated  June  12,  1996
                           concerning  the  inclusion  of  financial   statement
                           audits in the Registrant's  Prospectus  Supplement to
                           its Prospectus dated June 10, 1996.

                                                                      


<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:  June 14, 1996



<PAGE>
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3941}]
{"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": "96582965"}, "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 10, 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 
       of Incorporation)                 File Number)                 (I.R.S. Employer
                                                                     Identification No.)
- -------------------------------          -------------              
 c/o Bankers Trust Company                                                            
    of California, N.A.                                                    92714
  3 Park Plaza, 16th Floor                                          ------------------
    Irvine, California                                                  (Zip Code)
- -------------------------------
  (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 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------
(a)      Not applicable

(b)      Not applicable

(c)      Exhibits:

                  99.1     Computational   Materials   provided  by   Prudential
                           Securities  Incorporated  in  connection  with  sales
                           efforts related to the Registrant's securities.

                  99.2     Consent Letter of Independent Accountants provided by
                           Coopers  &  Lybrand  L.L.P.,   dated  June  12,  1996
                           concerning  the  inclusion  of  financial   statement
                           audits in the Registrant's  Prospectus  Supplement to
                           its Prospectus dated June 10, 1996.
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:  June 14, 1996