UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   Form 10-K/A
                               (Amendment No. 1)

  [ X ]   ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF
          THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
          For the fiscal year ended December 31, 1999

  [   ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
          THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                       Commission File number 333-86411-01

 First Alliance Mortgage Loan Trust 1999-4

           New York                                      13-4106720
 (State of other jurisdiction                         (I.R.S. Employer
              of                                     Identification No.)
incorporation or organization)

   First Alliance Mortgage Loan Trust 1999-4
   C/O The Chase Manhattan Bank, as Trustee
   450 West 33rd Street, 15th Floor
   New York, New York                                    10001-2697
     Address of principal                                (Zip Code)
      executive offices)

Registrant's telephone number, including area code:  (212) 946-8600

Securities registered pursuant to Section 12(b) of the Act:

             None                                         None
    (Title of each class)                      (Name of each exchange on
                                                  which registered)
                                  None
                            (Title of class)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes   No X .

     Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. Not applicable.

     State the aggregate market value of the voting stock held by non-affiliates
of registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of specified date within 60 days prior to the date of filing. Not
applicable.

Number of shares of common stock outstanding as of December 31, 1999. Not
applicable.

      Documents Incorporated by Reference.  Not applicable.



<PAGE>

                                      Index

  Part I
     Item 1 - BUSINESS
     Item 2 - PROPERTIES
     Item 3 - LEGAL PROCEEDINGS
     Item 4 - SUBMISSION OF MATTERS TO A VOTE OF SERCURITY HOLDERS

  Part II
     Item 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDE
              MATTERS
     Item 6 - SELECTED FINANCIAL DATA
     Item 7 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
              RESULTS OF OPERATIONS
    Item 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
     Item 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
     Item 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
              FINANCIAL DISCLOSURE

  Part III
    Item 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
    Item 11 - EXECUTIVE COMPENSATION
    Item 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
    Item 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

  Part IV
    Item 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

SIGNATURES

INDEX TO EXHIBITS

    Exhibit 99.1
    Exhibit 99.2


<PAGE>

                                     PART I
ITEM 1 - BUSINESS

     Not Applicable.

ITEM 2 - PROPERTIES

     Not Applicable.

ITEM 3 - LEGAL PROCEEDINGS

     First Alliance Mortgage Company ("First Alliance")is not aware of any
material pending legal proceedings involving either the First Alliance Mortgage
Loan Trust 1999-4 (the "Trust") established pursuant to the Trust Agreement
dated as of December 1, 1999 between First Alliance, as Seller and Servicer, and
The Chase Manhattan Bank, as Trustee and Oversight Agent.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matter has been submitted to a vote of the holders of beneficial
interests in the Trust through the solicitation of proxies or otherwise.


                                     PART II

ITEM 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS

     To the best knowledge of First Alliance, there is no established public
trading market for any beneficial interests in the Trust.

     The Notes issued by the Trust are held by the Depository Trust Company
("DTC") which in turn maintains records of holders of beneficial interests in
such Notes. Based on information obtained from DTC, as of December 31, 1999,
there were 4 holders of the Fixed Rate Note and 4 holders of the Variable Rate
Notes.

ITEM 6 - SELECTED FINANCIAL DATA

     Not applicable.

ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

     Not applicable.

ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     Not applicable.

<PAGE>

ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

     In addition to the information included in the Annual Compilation of
Monthly Trustee's Statements attached as Exhibit 99.2 hereto, the gross
servicing compensation paid to the Servicer for the year ended December 31, 1999
was $0.00.

ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

     There were no changes of accountants or disagreements on accounting or
financial disclosures between the Issuer and its accountants.


                            PART III

ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     Not applicable.

ITEM 11 - EXECUTIVE COMPENSATION

     Not applicable.

ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth (i) the name and address of each entity owning
more than 5% of the outstanding principal amount of the Notes issued by the
Trust; (ii) the principal amount of the Notes owned by each and(iii) the percent
that the principal amount of the Notes owned by such entity represents of the
outstanding principal amount of the Notes. The information set forth in the
table for the Notes is based upon information obtained from DTC and represents
ownership of beneficial interests in the Notes held by DTC. First Alliance is
not aware of any Schedules 13D or 13G filed with the Securities and Exchange
Commission in respect of the Notes.

                                                         Amount Owned
                                                         ------------

Name and Address                              Class      Principal     Percent
----------------                           -----------  -----------  -----------

Boston Safe Deposit & Trust Co.                A-1       $8,000,000      29%
C/O Mellon Bank N.A.
Three Mellon Bank Center, Room 153-3015
Pittsburgh, PA 15259

Chase Manhattan Bank                           A-1      $16,000,000      57%
4 New York Plaza, 13th Floor
New York, NY 10004

CIBC World Markets Corp.                       A-1       $2,000,000       7%
200 Liberty Street, 6th Floor
New York, NY 10281

Fifth Third Bank                               A-1       $2,000,000       7%
Dept. 00850 - Proxy
38 Fountain Square Plaza
Cincinnati, OH 45263

<PAGE>

American Express Trust Company                 A-2       $2,000,000       3%
180 East 5th Street
St. Paul, MN 55101

Investors Fiduciary Trust Company              A-2      $33,075,000      44%
1776 Heritage Dr.
No. Quincy, MA 02171

Northern Trust Company                         A-2      $30,000,000      40%
801 S. Canal C-IN
Chicago, IL 60607

State Street Bank & Trust Company              A-2      $10,000,000      13%
1776 Heritage Dr.
No. Quincy, MA 02171


ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     None


                                     PART IV

ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a) The following documents are filed as part of this report:

     1.   Financial Statements:

          Not applicable.

     2.   Financial Statement Schedules:

          Not applicable.

     3.   Exhibits:

          Exhibit No.                      Description
            99.1        Statement of Compliance of the Servicer - First
                          Alliance Mortgage Company
            99.2        Annual Compilation of Monthly Trustee's Statements

(b)  Reports on Form 8-K.

     Reports on Form 8-K have been filed by the Issuer during the period covered
     by this report.

     Not Applicable

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of Section 13 and 15(d) 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.

                    FIRST ALLIANCE MORTGAGE COMPANY
                    on behalf of
                    First Alliance Mortgage Loan Trust 1999-4

                    By:  /S/ Francisco Nebot
                       ------------------------------
                    Name:  Francisco Nebot
                    Title: President and Chief Financial Officer


Date:  April 3, 2000

<PAGE>

                                INDEX TO EXHIBITS
                                   Item 14(C)


    Exhibit No.                   Description
     99.1          Statement of Compliance of the Servicer - First Alliance
                     Mortgage Company
     99.2          Annual Compilation of Monthly Trustee's Statements