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)  April 25,
1996

Equicon Mortgage Loan Trust 1995-2
(Exact name of registrant as specified in its charter)

New York                               33-96500
Applied For
(State or other jurisdiction       (Commission
(IRS Employer
of incorporation or           File Number)
Identification
organization)                                     Number)


c/o Norwest Bank Minnesota
National Association
Sixth Street & Marquette Avenue
Minneapolis,  Minnesota                           55479-0069
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number including area code      (612)
984-0979



Equicon Mortgage Loan Trust 1995-2
Form 8-K
INDEX


                                             Page Number

     Item 5.        Other Events                            3

     Item 7.        Financial Statements and Exhibits
3

SIGNATURES                                        4

INDEX OF EXHIBITS                                 5







ITEM 5. OTHER EVENTS

The Equicon Mortgage Loan Trust 1995-2 makes monthly
remittances to security holders.  The latest remittance was
made April 25, 1996.  We have furnished a monthly remittance
statement delivered to the trustee with security holder
payment instructions.


Monthly Remittance
Statement.....................................................
 ....Exhibit 21.1

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     Exhibits

     21.1 Monthly Remittance Statement dated as of April 25,
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 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




INDEX OF EXHIBITS


                                        Page of Sequentially
                                        Numbered Pages


21.1 Monthly Remittance Statement dated                6-13
     as of April 25, 1996.





                                                      Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services                   Reporting
Month:         March 1996                  Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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   0.8784423443
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       5.96750000%               0.00
0.00               0.00   0.9247043651
B Fixed  Subordinate    Sequential Pay   Variable
567.57     615.33878994%               0.00               0.00
0.00 880.9486054584
B Vari   Subordinate    Sequential Pay   Variable
142.78     357.38437429%               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   0.9475264138

































Report  1
   04/16/96 --  3:16pm
Page  1 of  1



                                                     Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services                  Reporting
Month:         March 1996                Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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        03/29/1996          6.45000000%      32,241,201.40
173,296.46       1,495,719.35               0.00
30,745,482.05       1,669,015.81
A-2        03/29/1996          6.50000000%      21,000,000.00
113,750.00               0.00               0.00
21,000,000.00         113,750.00
A-3        03/29/1996          6.75000000%      10,000,000.00
56,250.00               0.00               0.00
10,000,000.00          56,250.00
A-4        03/29/1996          7.10000000%       8,000,000.00
47,333.33               0.00               0.00
8,000,000.00          47,333.33
A-5        03/29/1996          7.40000000%       5,287,000.00
32,603.17               0.00               0.00
5,287,000.00          32,603.17
A-6        03/29/1996          5.96750000%      37,418,787.91
186,080.51         738,539.86               0.00
36,680,248.05         924,620.37
B Fixed    03/29/1996        615.33878994%         500,000.00
256,391.16               0.00               0.00
500,000.00         256,391.16
B Vari     03/29/1996        357.38437429%         500,000.00
148,910.16               0.00               0.00
500,000.00         148,910.16
RU         03/29/1996          0.00000000%               0.00
0.00               0.00               0.00               0.00
0.00
______________________________________________________________
______________________________________________________________
________________________________
Totals                                         114,946,989.31
1,014,614.79       2,234,259.21               0.00
112,712,730.10       3,248,874.00

































Report  2
   04/16/96 --  3:16pm
Page  1 of  1



                                                 Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services              Reporting
Month:         March 1996             Phone:
(410) 884-2117
11000 Broken Land Parkway                       Distribution
Date:     April 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
4.95132743      2.40969657     40.32514200     42.73483857
0.00000000    0.8784423443
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
4.69106587      1.96983765     16.64865783     18.61849547
0.00000000    0.9247043651
B Fixed          N/A                           567.57
451734.86970770      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
0.9475264138
































Report  3
   04/16/96 --  3:16pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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            32,241,201.40        84,339.38     1,411,379.97
0.00             0.00     1,495,719.35             0.00
30,745,482.05             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            37,418,787.91        78,137.55       660,402.31
0.00             0.00       738,539.86             0.00
36,680,248.05             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        114,946,989.31       162,476.93     2,071,782.28
0.00             0.00     2,234,259.21             0.00
112,712,730.10             0.00


*Principal Balance Reduction

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


























Report  4
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Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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%    32,241,201.40
173,296.46             0.00             0.00             0.00
0.00       173,296.46    30,745,482.05
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               5.96750000%    37,418,787.91
186,080.51             0.00             0.00             0.00
0.00       186,080.51    36,680,248.05
B Fixed         615.33878994%       500,000.00
256,391.16             0.00             0.00             0.00
0.00       256,391.16       500,000.00
B Vari          357.38437429%       500,000.00
148,910.16             0.00             0.00             0.00
0.00       148,910.16       500,000.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
______________________________________________________________
______________________________________________________________
_________________________________________
Totals
1,014,614.79             0.00             0.00
0.00             0.00     1,014,614.79

























Notes:
Class A-6 Interest is accrued @ LIBOR = 5.3750% over the
applicable accrual period.





Report  5
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Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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               1,014,614.79
Interest Payments                              1,014,614.79
    Scheduled Principal                           162,476.93
Scheduled Principal Payment                      162,476.93
    Other Principal                             2,071,782.28
Other Principal Payments                       2,071,782.28
    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
3,248,874.00                Total Withdrawals
3,248,874.00


Ending Balance
0.00
______________________________________________________________
______________________________________________________________
__________________________________________________






























Report  6
   04/16/96 --  3:16pm
Page  1 of  1




Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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                 101  5,689,889.42        19  1,172,590.84
10    604,576.42         8    470,900.28         0
0.00       138       7,937,956.96
2                  41  3,688,202.52         6    402,898.06
6    788,531.13         2    286,000.00         0
0.00        55       5,165,631.71
______________________________________________________________
______________________________________________________________
____________________________________
Totals            142  9,378,091.94        25  1,575,488.90
16  1,393,107.55        10    756,900.28         0
0.00       193      13,103,588.67



























Report  7
   04/16/96 --  3:16pm
Page  1 of  1



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


Collateral Summary - Issuing


Total|              Pool 1               Pool 2

______________________________________________________________
___________________________________________
Monthly P&I Constant
1,235,060.20|          802,809.46           432,250.74

|
Positive Amortization
162,476.93|           84,339.38            78,137.55
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
2,071,782.28|        1,411,379.97           660,402.31
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
2,234,259.21|        1,495,719.35           738,539.86

|
Scheduled Interest
1,072,583.27|          718,470.08           354,113.19
Servicing Fee
40,994.07|           27,684.73            13,309.34
Master Servicing Fee
2,634.20|            1,765.23               868.97
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,014,614.79|          679,624.12           334,990.67

|
Beginning Balance
114,946,989.31|       77,028,201.40        37,918,787.91
Ending Balance
112,712,730.10|       75,532,482.05        37,180,248.05
Gross P&I Distribution
3,265,848.41|        2,186,504.70         1,079,343.71
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
3,265,848.41|        2,186,504.70         1,079,343.71

|
Beginning Loan Count
1594|                1208                  386
Number of Loan Payoffs
29|                  21                    8
Ending Loan Count
1565|                1187                  378

|
Weighted Average Maturity
0.0000000000|      233.1600000000       346.6000000000
Weighted Average Gross Rate
0.000000000%|       11.136800000%        10.884600000%
Weighted Average Net Rate
0.000000000%|       10.705500000%        10.463400000%
Weighted Average Pass-Through Rate
0.000000000%|       10.529300000%        10.277100000%
Weighted Average Margin
0.000000000%|        0.000000000%         6.208800000%

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

|

|







Report  8
   04/16/96 --  3:16pm
Page  1 of  1
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 24589}]
{"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": "96559566"}, "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"}}
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)  April 25,
1996

Equicon Mortgage Loan Trust 1995-2
(Exact name of registrant as specified in its charter)

New York                               33-96500
Applied For
(State or other jurisdiction       (Commission
(IRS Employer
of incorporation or           File Number)
Identification
organization)                                     Number)

c/o Norwest Bank Minnesota
National Association
Sixth Street & Marquette Avenue
Minneapolis,  Minnesota                           55479-0069
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number including area code      (612)
984-0979

Equicon Mortgage Loan Trust 1995-2
Form 8-K
INDEX

                                             Page Number

     Item 5.        Other Events                            3

     Item 7.        Financial Statements and Exhibits
3

SIGNATURES                                        4

INDEX OF EXHIBITS                                 5

ITEM 5. OTHER EVENTS

The Equicon Mortgage Loan Trust 1995-2 makes monthly
remittances to security holders.  The latest remittance was
made April 25, 1996.  We have furnished a monthly remittance
statement delivered to the trustee with security holder
payment instructions.

Monthly Remittance
Statement.....................................................
 ....Exhibit 21.1

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     Exhibits

     21.1 Monthly Remittance Statement dated as of April 25,
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 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

INDEX OF EXHIBITS

                                        Page of Sequentially
                                        Numbered Pages

21.1 Monthly Remittance Statement dated                6-13
     as of April 25, 1996.

                                                      Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services                   Reporting
Month:         March 1996                  Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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   0.8784423443
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       5.96750000%               0.00
0.00               0.00   0.9247043651
B Fixed  Subordinate    Sequential Pay   Variable
567.57     615.33878994%               0.00               0.00
0.00 880.9486054584
B Vari   Subordinate    Sequential Pay   Variable
142.78     357.38437429%               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   0.9475264138

Report  1
   04/16/96 --  3:16pm
Page  1 of  1

                                                     Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services                  Reporting
Month:         March 1996                Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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        03/29/1996          6.45000000%      32,241,201.40
173,296.46       1,495,719.35               0.00
30,745,482.05       1,669,015.81
A-2        03/29/1996          6.50000000%      21,000,000.00
113,750.00               0.00               0.00
21,000,000.00         113,750.00
A-3        03/29/1996          6.75000000%      10,000,000.00
56,250.00               0.00               0.00
10,000,000.00          56,250.00
A-4        03/29/1996          7.10000000%       8,000,000.00
47,333.33               0.00               0.00
8,000,000.00          47,333.33
A-5        03/29/1996          7.40000000%       5,287,000.00
32,603.17               0.00               0.00
5,287,000.00          32,603.17
A-6        03/29/1996          5.96750000%      37,418,787.91
186,080.51         738,539.86               0.00
36,680,248.05         924,620.37
B Fixed    03/29/1996        615.33878994%         500,000.00
256,391.16               0.00               0.00
500,000.00         256,391.16
B Vari     03/29/1996        357.38437429%         500,000.00
148,910.16               0.00               0.00
500,000.00         148,910.16
RU         03/29/1996          0.00000000%               0.00
0.00               0.00               0.00               0.00
0.00
______________________________________________________________
______________________________________________________________
________________________________
Totals                                         114,946,989.31
1,014,614.79       2,234,259.21               0.00
112,712,730.10       3,248,874.00

Report  2
   04/16/96 --  3:16pm
Page  1 of  1

                                                 Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services              Reporting
Month:         March 1996             Phone:
(410) 884-2117
11000 Broken Land Parkway                       Distribution
Date:     April 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
4.95132743      2.40969657     40.32514200     42.73483857
0.00000000    0.8784423443
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
4.69106587      1.96983765     16.64865783     18.61849547
0.00000000    0.9247043651
B Fixed          N/A                           567.57
451734.86970770      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
0.9475264138

Report  3
   04/16/96 --  3:16pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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            32,241,201.40        84,339.38     1,411,379.97
0.00             0.00     1,495,719.35             0.00
30,745,482.05             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            37,418,787.91        78,137.55       660,402.31
0.00             0.00       738,539.86             0.00
36,680,248.05             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        114,946,989.31       162,476.93     2,071,782.28
0.00             0.00     2,234,259.21             0.00
112,712,730.10             0.00

*Principal Balance Reduction

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

Report  4
   04/16/96 --  3:16pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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%    32,241,201.40
173,296.46             0.00             0.00             0.00
0.00       173,296.46    30,745,482.05
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               5.96750000%    37,418,787.91
186,080.51             0.00             0.00             0.00
0.00       186,080.51    36,680,248.05
B Fixed         615.33878994%       500,000.00
256,391.16             0.00             0.00             0.00
0.00       256,391.16       500,000.00
B Vari          357.38437429%       500,000.00
148,910.16             0.00             0.00             0.00
0.00       148,910.16       500,000.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
______________________________________________________________
______________________________________________________________
_________________________________________
Totals
1,014,614.79             0.00             0.00
0.00             0.00     1,014,614.79

Notes:
Class A-6 Interest is accrued @ LIBOR = 5.3750% over the
applicable accrual period.

Report  5
   04/16/96 --  3:16pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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               1,014,614.79
Interest Payments                              1,014,614.79
    Scheduled Principal                           162,476.93
Scheduled Principal Payment                      162,476.93
    Other Principal                             2,071,782.28
Other Principal Payments                       2,071,782.28
    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
3,248,874.00                Total Withdrawals
3,248,874.00

Ending Balance
0.00
______________________________________________________________
______________________________________________________________
__________________________________________________

Report  6
   04/16/96 --  3:16pm
Page  1 of  1

Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact:                           Carol Tracey
Securities Administration Services
Reporting   Month:         March 1996
Phone:                           (410) 884-2117
11000 Broken Land Parkway
Distribution Date:     April 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                 101  5,689,889.42        19  1,172,590.84
10    604,576.42         8    470,900.28         0
0.00       138       7,937,956.96
2                  41  3,688,202.52         6    402,898.06
6    788,531.13         2    286,000.00         0
0.00        55       5,165,631.71
______________________________________________________________
______________________________________________________________
____________________________________
Totals            142  9,378,091.94        25  1,575,488.90
16  1,393,107.55        10    756,900.28         0
0.00       193      13,103,588.67

Report  7
   04/16/96 --  3:16pm
Page  1 of  1

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

Collateral Summary - Issuing

Total|              Pool 1               Pool 2

______________________________________________________________
___________________________________________
Monthly P&I Constant
1,235,060.20|          802,809.46           432,250.74

|
Positive Amortization
162,476.93|           84,339.38            78,137.55
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
2,071,782.28|        1,411,379.97           660,402.31
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
2,234,259.21|        1,495,719.35           738,539.86

|
Scheduled Interest
1,072,583.27|          718,470.08           354,113.19
Servicing Fee
40,994.07|           27,684.73            13,309.34
Master Servicing Fee
2,634.20|            1,765.23               868.97
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,014,614.79|          679,624.12           334,990.67

|
Beginning Balance
114,946,989.31|       77,028,201.40        37,918,787.91
Ending Balance
112,712,730.10|       75,532,482.05        37,180,248.05
Gross P&I Distribution
3,265,848.41|        2,186,504.70         1,079,343.71
Realized Losses/(Gains)
0.00|                0.00                 0.00
Net P&I Trust Distribution
3,265,848.41|        2,186,504.70         1,079,343.71

|
Beginning Loan Count
1594|                1208                  386
Number of Loan Payoffs
29|                  21                    8
Ending Loan Count
1565|                1187                  378

|
Weighted Average Maturity
0.0000000000|      233.1600000000       346.6000000000
Weighted Average Gross Rate
0.000000000%|       11.136800000%        10.884600000%
Weighted Average Net Rate
0.000000000%|       10.705500000%        10.463400000%
Weighted Average Pass-Through Rate
0.000000000%|       10.529300000%        10.277100000%
Weighted Average Margin
0.000000000%|        0.000000000%         6.208800000%

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

|

|

Report  8
   04/16/96 --  3:16pm
Page  1 of  1