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)  December
                          18, 1996
                              
        Access Financial Mortgage Loan Trust, 1996-1
   (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 Minnesta, N.A.
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


        Access Financial Mortgage Loan Trust, 1996-1
                          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 Access Financial Mortgage Loan Trust, Series 1996-1
makes monthly remittances to security holders.  The latest
remittance was made December 18, 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 December
18, 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.

                         Access Financial Mortgage Loan
Trust, 1996-1
                         (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                6-14
     as of December 18, 1996.


 .

Exhibit 21.1 Page 6
                                                      Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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   0.5898687166
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       5.81250000%               0.00
0.00               0.00   0.7866169812
B-Fixed  Subordinate    Sequential Pay   Variable
153.58      17.20920482%          35,912.73
0.00               0.00
B-Vari   Subordinate    Sequential Pay   Variable
737.64      15.38817564%          21,332.91
0.00               0.00
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
175,040,891.22                            57,245.64
0.00               0.00   0.8430732347

Exhibit 21.1 Page 7

                                                 Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996                Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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        12/01/1996          5.70000000%
28,196,696.15         133,934.31       2,242,472.62
0.00      25,954,223.53       2,376,406.93
A-2        12/01/1996          5.65000000%
16,000,000.00          75,333.33               0.00
0.00      16,000,000.00          75,333.33
A-3        12/01/1996          5.80000000%
20,000,000.00          96,666.67               0.00
0.00      20,000,000.00          96,666.67
A-4        12/01/1996          6.20000000%
26,000,000.00         134,333.33               0.00
0.00      26,000,000.00         134,333.33
A-5        12/01/1996          7.05000000%
13,588,000.00          79,829.50               0.00
0.00      13,588,000.00          79,829.50
A-6        12/18/1996          5.81250000%
45,862,886.05         222,148.35       2,243,401.21
0.00      43,619,484.84       2,465,549.56
B-Fixed    12/01/1996         17.20920482%
747,000.00         374,399.00               0.00
10,712.73         747,000.00         374,399.00
B-Vari     12/18/1996         15.38817564%
1,663,582.00         159,769.13               0.00
21,332.91       1,663,582.00         159,769.13
RU         11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
152,058,164.20       1,276,413.62       4,485,873.83
32,045.64     147,572,290.37       5,762,287.45

Exhibit 21.1 Page 8

                                             Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services              Reporting
Month:      November 1996             Phone:
(410) 884-2100
11000 Broken Land Parkway                       Distribution
Date:  December 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
3.04396159      1.64908182     49.07273386     50.96528682
0.00000000    0.5898687166
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
4.00613774      4.53765978     35.53426369     40.45663294
0.00000000    0.7866169812
B-Fixed          N/A                           153.58
0.00000000      0.00000000      0.00000000  69753.41841386
4863.9145722099
B-Vari           N/A                           737.64
216594.99213709      0.00000000      0.00000000
0.00000000  28920.48966976 2255.2762865354
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 175,040,891.22
0.8430732347

Exhibit 21.1 Page 9

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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            28,196,696.15        72,559.60
2,159,200.29        10,712.73             0.00
2,242,472.62             0.00    25,954,223.53
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            45,862,886.05       251,622.31
1,970,445.99        21,332.91             0.00
2,243,401.21             0.00    43,619,484.84
0.00
B-Fixed           747,000.00             0.00
0.00      (10,712.73)             0.00             0.00
10,712.73       747,000.00             0.00
B-Vari          1,663,582.00             0.00
0.00      (21,332.91)             0.00             0.00
21,332.91     1,663,582.00             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        152,058,164.20       324,181.91
4,129,646.28             0.00             0.00
4,485,873.83        32,045.64   147,572,290.37
0.00


*Principal Balance Reduction

Realized Losses Principal Balance Reduction
32,045.64
Negative Amortization Principal Balance Reduction
0.00
Other
0.00

Exhibit 21.1 Page 10

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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%    28,196,696.15
133,934.31             0.00             0.00
0.00             0.00       133,934.31    25,954,223.53
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               5.81250000%    45,862,886.05
222,148.35             0.00             0.00
0.00             0.00       222,148.35    43,619,484.84
B-Fixed          17.20920482%       747,000.00
10,712.73       159,769.13        10,712.73       534,168.13
0.00       374,399.00       747,000.00
B-Vari           15.38817564%     1,663,582.00
21,332.91     (159,769.13)        21,332.91             0.00
0.00       159,769.13     1,663,582.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
774,291.13             0.00        32,045.64
534,168.13             0.00     1,276,413.62
 1

Exhibit 21.1 Page 11


Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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               1,308,459.26
Interest Payments                              1,276,413.62
    Scheduled Principal                           324,181.91
Scheduled Principal Payment                      324,181.91
    Other Principal                             4,129,646.28
Other Principal Payments                       4,161,691.92
    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
5,762,287.45                Total Withdrawals
5,762,287.45


Ending Balance
0.00

Exhibit 21.1 Page 12


Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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
10,712.73       10,712.73            0.00            0.00
0.00       35,912.73       35,912.73
2                    0.00            0.00            0.00
21,332.91       21,332.91            0.00            0.00
0.00       21,332.91       21,332.91
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
32,045.64       32,045.64            0.00            0.00
0.00       57,245.64       57,245.64





____________________________________________________________
____________________________________________________________
________________________________________
             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                 109  7,012,033.10        21  1,135,988.16
23  1,452,523.97        39  2,189,454.73         2
51,000.00       194      11,840,999.96
2                  22  2,305,359.76         5    525,629.62
1     19,000.00        11  1,009,909.15         2
277,050.00        41       4,136,948.53
____________________________________________________________
____________________________________________________________
________________________________________
Totals            131  9,317,392.86        26  1,661,617.78
24  1,471,523.97        50  3,199,363.88         4
328,050.00       235      15,977,948.49



Exhibit 21.1 Page 13
Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services               Reporting
Month:      November 1996              Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Collateral Summary - Issuing


Total|              Pool 1               Pool 2

____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,709,173.55|        1,030,464.91           678,708.64

|
Positive Amortization
324,181.91|           72,559.60           251,622.31
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
4,129,646.28|        2,159,200.29         1,970,445.99
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
4,453,828.19|        2,231,759.89         2,222,068.30

|
Scheduled Interest
1,384,991.64|          957,905.31           427,086.33
Servicing Fee
53,501.91|           37,004.44            16,497.47
Master Servicing Fee
3,484.74|            2,395.59             1,089.15
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,308,459.26|          905,208.87           403,250.39

|
Beginning Balance
152,061,164.20|      104,534,696.15        47,526,468.05
Ending Balance
147,575,290.37|      102,292,223.53        45,283,066.84
Gross P&I Distribution
5,785,317.92|        3,152,660.76         2,632,657.16
Realized Losses/(Gains)
32,045.64|           10,712.73            21,332.91
Net P&I Trust Distribution
5,753,272.28|        3,141,948.03         2,611,324.25

|
Beginning Loan Count
2119|                1658                  461
Number of Loan Payoffs
61|                  41                   20
Ending Loan Count
2058|                1617                  441

|
Weighted Average Maturity
0.0000000000|      225.9400000000       338.1700000000
Weighted Average Gross Rate
0.000000000%|       11.065900000%        11.100700000%
Weighted Average Net Rate
0.000000000%|       10.641200000%        10.684100000%
Weighted Average Pass-Through Rate
0.000000000%|       10.458400000%        10.493200000%
Weighted Average Margin
0.000000000%|        0.000000000%         5.958700000%

|
Advances on Delinquencies
|
  Current Period Principal
0.00|                0.00                 0.00
  Current Period Interest
0.00|                0.00                 0.

Exhibit 21.1 Page 14


                                                    Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Credit Enhancement Summary - Issuing


Initial         Current         Current
Current         Current            Current

Coverage          Period          Period      Cumulative
Coverage        Coverage               Pool
Type/Purpose
Amount          Losses       Additions          Losses
Percentage          Amount            Balance
____________________________________________________________
____________________________________________________________
___________________________________________
Subordination
891.22       32,045.64            0.00       57,245.64
1.63345909%    2,410,582.00     147,575,290.37





                             Principal
                          Distribution
Scheduled   Unscheduled
                                Amount    Percentage
Payment       Payment

___________________________________________________________
Senior                    4,453,828.19 100.00000000%
100.00000000% 100.00000000%
Subordinate                       0.00   0.00000000%
0.00000000%   0.00000000%
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 25023}]
{"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": "97504494"}, "business-address": {"street1": "C/O NORWEST BANK MINNESOTA NA", "street2": "1100 BROKEN LAND PARKWAY", "city": "COLUMBIA", "state": "MD", "zip": "21044", "phone": "4108842076"}}
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)  December
                          18, 1996
                              
        Access Financial Mortgage Loan Trust, 1996-1
   (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 Minnesta, N.A.
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

        Access Financial Mortgage Loan Trust, 1996-1
                          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 Access Financial Mortgage Loan Trust, Series 1996-1
makes monthly remittances to security holders.  The latest
remittance was made December 18, 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 December
18, 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.

                         Access Financial Mortgage Loan
Trust, 1996-1
                         (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                6-14
     as of December 18, 1996.

 .

Exhibit 21.1 Page 6
                                                      Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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   0.5898687166
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       5.81250000%               0.00
0.00               0.00   0.7866169812
B-Fixed  Subordinate    Sequential Pay   Variable
153.58      17.20920482%          35,912.73
0.00               0.00
B-Vari   Subordinate    Sequential Pay   Variable
737.64      15.38817564%          21,332.91
0.00               0.00
RU       Residual       Residual         Residual
0.00       0.00000000%               0.00               0.00
0.00   0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
175,040,891.22                            57,245.64
0.00               0.00   0.8430732347

Exhibit 21.1 Page 7

                                                 Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996                Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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        12/01/1996          5.70000000%
28,196,696.15         133,934.31       2,242,472.62
0.00      25,954,223.53       2,376,406.93
A-2        12/01/1996          5.65000000%
16,000,000.00          75,333.33               0.00
0.00      16,000,000.00          75,333.33
A-3        12/01/1996          5.80000000%
20,000,000.00          96,666.67               0.00
0.00      20,000,000.00          96,666.67
A-4        12/01/1996          6.20000000%
26,000,000.00         134,333.33               0.00
0.00      26,000,000.00         134,333.33
A-5        12/01/1996          7.05000000%
13,588,000.00          79,829.50               0.00
0.00      13,588,000.00          79,829.50
A-6        12/18/1996          5.81250000%
45,862,886.05         222,148.35       2,243,401.21
0.00      43,619,484.84       2,465,549.56
B-Fixed    12/01/1996         17.20920482%
747,000.00         374,399.00               0.00
10,712.73         747,000.00         374,399.00
B-Vari     12/18/1996         15.38817564%
1,663,582.00         159,769.13               0.00
21,332.91       1,663,582.00         159,769.13
RU         11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
152,058,164.20       1,276,413.62       4,485,873.83
32,045.64     147,572,290.37       5,762,287.45

Exhibit 21.1 Page 8

                                             Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services              Reporting
Month:      November 1996             Phone:
(410) 884-2100
11000 Broken Land Parkway                       Distribution
Date:  December 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
3.04396159      1.64908182     49.07273386     50.96528682
0.00000000    0.5898687166
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
4.00613774      4.53765978     35.53426369     40.45663294
0.00000000    0.7866169812
B-Fixed          N/A                           153.58
0.00000000      0.00000000      0.00000000  69753.41841386
4863.9145722099
B-Vari           N/A                           737.64
216594.99213709      0.00000000      0.00000000
0.00000000  28920.48966976 2255.2762865354
RU               N/A                             0.00
N/A             N/A             N/A             N/A
N/A             N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals                                 175,040,891.22
0.8430732347

Exhibit 21.1 Page 9

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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            28,196,696.15        72,559.60
2,159,200.29        10,712.73             0.00
2,242,472.62             0.00    25,954,223.53
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            45,862,886.05       251,622.31
1,970,445.99        21,332.91             0.00
2,243,401.21             0.00    43,619,484.84
0.00
B-Fixed           747,000.00             0.00
0.00      (10,712.73)             0.00             0.00
10,712.73       747,000.00             0.00
B-Vari          1,663,582.00             0.00
0.00      (21,332.91)             0.00             0.00
21,332.91     1,663,582.00             0.00
RU                      0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals        152,058,164.20       324,181.91
4,129,646.28             0.00             0.00
4,485,873.83        32,045.64   147,572,290.37
0.00

*Principal Balance Reduction

Realized Losses Principal Balance Reduction
32,045.64
Negative Amortization Principal Balance Reduction
0.00
Other
0.00

Exhibit 21.1 Page 10

                                                     Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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%    28,196,696.15
133,934.31             0.00             0.00
0.00             0.00       133,934.31    25,954,223.53
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               5.81250000%    45,862,886.05
222,148.35             0.00             0.00
0.00             0.00       222,148.35    43,619,484.84
B-Fixed          17.20920482%       747,000.00
10,712.73       159,769.13        10,712.73       534,168.13
0.00       374,399.00       747,000.00
B-Vari           15.38817564%     1,663,582.00
21,332.91     (159,769.13)        21,332.91             0.00
0.00       159,769.13     1,663,582.00
RU                0.00000000%             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
774,291.13             0.00        32,045.64
534,168.13             0.00     1,276,413.62
 1

Exhibit 21.1 Page 11

Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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               1,308,459.26
Interest Payments                              1,276,413.62
    Scheduled Principal                           324,181.91
Scheduled Principal Payment                      324,181.91
    Other Principal                             4,129,646.28
Other Principal Payments                       4,161,691.92
    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
5,762,287.45                Total Withdrawals
5,762,287.45

Ending Balance
0.00

Exhibit 21.1 Page 12

Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 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
10,712.73       10,712.73            0.00            0.00
0.00       35,912.73       35,912.73
2                    0.00            0.00            0.00
21,332.91       21,332.91            0.00            0.00
0.00       21,332.91       21,332.91
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
32,045.64       32,045.64            0.00            0.00
0.00       57,245.64       57,245.64

____________________________________________________________
____________________________________________________________
________________________________________
             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                 109  7,012,033.10        21  1,135,988.16
23  1,452,523.97        39  2,189,454.73         2
51,000.00       194      11,840,999.96
2                  22  2,305,359.76         5    525,629.62
1     19,000.00        11  1,009,909.15         2
277,050.00        41       4,136,948.53
____________________________________________________________
____________________________________________________________
________________________________________
Totals            131  9,317,392.86        26  1,661,617.78
24  1,471,523.97        50  3,199,363.88         4
328,050.00       235      15,977,948.49

Exhibit 21.1 Page 13
Access Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services               Reporting
Month:      November 1996              Phone:
(410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Collateral Summary - Issuing

Total|              Pool 1               Pool 2

____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,709,173.55|        1,030,464.91           678,708.64

|
Positive Amortization
324,181.91|           72,559.60           251,622.31
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
4,129,646.28|        2,159,200.29         1,970,445.99
Principal Adjustments
0.00|                0.00                 0.00
   Total Principal Trust Distribution
4,453,828.19|        2,231,759.89         2,222,068.30

|
Scheduled Interest
1,384,991.64|          957,905.31           427,086.33
Servicing Fee
53,501.91|           37,004.44            16,497.47
Master Servicing Fee
3,484.74|            2,395.59             1,089.15
Spread
0.00|                0.00                 0.00
     Total Pass-Through Interest
1,308,459.26|          905,208.87           403,250.39

|
Beginning Balance
152,061,164.20|      104,534,696.15        47,526,468.05
Ending Balance
147,575,290.37|      102,292,223.53        45,283,066.84
Gross P&I Distribution
5,785,317.92|        3,152,660.76         2,632,657.16
Realized Losses/(Gains)
32,045.64|           10,712.73            21,332.91
Net P&I Trust Distribution
5,753,272.28|        3,141,948.03         2,611,324.25

|
Beginning Loan Count
2119|                1658                  461
Number of Loan Payoffs
61|                  41                   20
Ending Loan Count
2058|                1617                  441

|
Weighted Average Maturity
0.0000000000|      225.9400000000       338.1700000000
Weighted Average Gross Rate
0.000000000%|       11.065900000%        11.100700000%
Weighted Average Net Rate
0.000000000%|       10.641200000%        10.684100000%
Weighted Average Pass-Through Rate
0.000000000%|       10.458400000%        10.493200000%
Weighted Average Margin
0.000000000%|        0.000000000%         5.958700000%

|
Advances on Delinquencies
|
  Current Period Principal
0.00|                0.00                 0.00
  Current Period Interest
0.00|                0.00                 0.

Exhibit 21.1 Page 14

                                                    Access
Financial Mortgage Loan Trust 1996-1
Norwest Bank Minnesota, N.A.
Contact:                        Michele Latimer
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 884-2100
11000 Broken Land Parkway
Distribution Date:  December 18, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Credit Enhancement Summary - Issuing

Initial         Current         Current
Current         Current            Current

Coverage          Period          Period      Cumulative
Coverage        Coverage               Pool
Type/Purpose
Amount          Losses       Additions          Losses
Percentage          Amount            Balance
____________________________________________________________
____________________________________________________________
___________________________________________
Subordination
891.22       32,045.64            0.00       57,245.64
1.63345909%    2,410,582.00     147,575,290.37

                             Principal
                          Distribution
Scheduled   Unscheduled
                                Amount    Percentage
Payment       Payment

___________________________________________________________
Senior                    4,453,828.19 100.00000000%
100.00000000% 100.00000000%
Subordinate                       0.00   0.00000000%
0.00000000%   0.00000000%