<TABLE>
<CAPTION>


Payment Date:  2/20/97

                        Metropolitan Asset Funding, Inc.
                Mortgage Pass-Through Certificates, Series 1996-A

 Class                          Current Payment Information
 Information

              Beginning      Pass-     Principal    Interest       Total
Class Name    Cert. Bal.    Through   Dist. Amt.   Dist. Amt.      Dist.
Code
<S>    <C>   <C>           <C>        <C>          <C>         <C>
       A-1              $   6.050000  $1,814,876.  $198,963.7   $2,013,839.9
             39,463,885.5          %           17           6              3
                        9
       A-2   24,513,122.0   6.850000         0.00  139,929.07     139,929.07
                        0
       A-3   9,241,971.00   7.150000         0.00   55,066.74      55,066.74
       A-4   25,492,322.4   6.950000   107,432.58  147,643.03     255,075.61
                        9
       B-1   6,887,672.07   7.200000    29,026.79   41,326.03      70,352.82
       B-2   4,383,064.22   7.500000    18,471.60   27,394.15      45,865.75
       B-3   3,801,675.00   8.250000         0.00   26,136.52      26,136.52
       B-4   4,118,481.00   8.250000         0.00   28,314.56      28,314.56
       B-5   2,851,256.00   8.250000         0.00   19,602.39      19,602.39
      R/PO   2,982,293.95   2.268959         0.00        0.00           0.00
      R/ZI           0.00   2.268959         0.00        0.00           0.00
        O
        R    2,982,293.95   2.268959         0.00        0.00           0.00

Total     $123,735,743.32             $1,969,807.  $684,376.2   $2,654,183.3
  s                                            14           5              9


Payment Date:  2/20/97

                        Metropolitan Asset Funding, Inc.
                Mortgage Pass-Through Certificates, Series 1996-A
                                   (Continued)



Class                            Current Payment Information
Information

                Losses   Interest     Ending       Carry       Aggregate
Class  Name       to     Shortfal   Cert. Bal.    Forward       Unpaid
Code           Princip      ls
                  al
<S>   <C>      <C>       <C>       <C>            <C>       <C>
        A-1        0.00      0.00              $      0.00       $46,033.98
                                   37,649,0090.4
                                               2
        A-2        0.00      0.00  24,513,122.00      0.00             0.00
        A-3        0.00      0.00   9,241,971.00      0.00             0.00
        A-4        0.00      0.00  25,384,889.91      0.00             0.00
        B-1        0.00      0.00   6,858,645.27      0.00             0.00
        B-2        0.00      0.00   4,364,592.63      0.00             0.00
        B-3        0.00      0.00   3,801,675.00      0.00             0.00
        B-4        0.00      0.00   4,118,481.00      0.00             0.00
        B-5        0.00      0.00   2,851,256.00      0.00             0.00
       R/PO        0.00      0.00   3,202,768.75      0.00             0.00
       R/ZIO       0.00      0.00           0.00      0.00             0.00
         R         0.00      0.00   3,202,768.75      0.00             0.00

       Totals                      $121,986,410.                 $46,033.98
                                              98


Payment Date:  2/20/97

                Metropolitan Asset Funding, Inc.
        Mortgage Pass-Through Certificates, Series 1996-A
                           (Continued)
  Class                       Factors Per $1,000
  Information

                 Principal    Interest         Ending
 Class   Name      Dist.       Dist.         Cert. Bal.
 Code
<S>     <C>     <C>         <C>           <C>
          A-1    42.7427263   4.68585886      886.68380724
                          6
          A-2    0.00000000   5.70833328     1000.00000000
          A-3    0.00000000   5.95833291     1000.00000000
          A-4    4.16468933   5.72347189      984.06070252
          B-1    4.16468932   5.92935201      984.06070271
          B-2    4.16468932   6.17640839      984.06070271
          B-3    0.00000000   6.87500115     1000.00000000
          B-4    0.00000000   6.87500076     1000.00000000
          B-5    0.00000000   6.87500175     1124.99782399
         R/PO    0.00000000   0.00000000     1263.68146469
         R/ZIO   0.00000000   0.00000000        0.00000000
           R     0.00000000   0.00000000     1263.69146469

    Totals       15.5442554   5.40058925      962.62618595
                          2





Class In   Original Certificate
formation  Information

  Type      Name    Cert. Bal.     Pass-     Cusips
                                  Through
<S>        <C>    <C>             <C>       <C>
 Senior     A-1                $  6.050000  591738AA7
                   42,460,468.00         %
            A-2    24,513,122.00  6.850000  591738AB5
            A-3     9,241,971.00  7.150000  591738AC3
            A-4    25,796,061.00  6.950000  591738AD1
Subordina   B-1     6,969,738.00  7.200000  591738AE9
   te
            B-2     4,435,288.00  7.500000  591738AF6
            B-3     3,801,675.00  8.250000        N/A
            B-4     4,118,481.00  8.250000        N/A
            B-5     2,851,256.00  8.250000        N/A
Residual    R/PO    2,534,454.68  2.268959        N/A
           R/ZIO            0.00  2.268959        N/A
             R      2,534,454.68  2.268959        N/A

 Totals          $126,722,514.68

Payment Date:  2/20/97

                Metropolitan Asset Funding, Inc.
        Mortgage Pass-Through Certificates, Series 1996-A
                           (Continued)

           Aggregate Certificat
           e
           Informatio
           n
  Class     Aggregate   Aggregate       Aggregate
  Type        Pct.       Prepay.     End. Cert. Bal.
                          Pct.
<S>        <C>         <C>         <C>
Senior      66.573579%  100.000000       $96,788,992.33
                                 %
Class A-4    23.178624    0.000000                  N/A
Subordina    10.247797    0.000000        25,197,418.65
te



             P&S
             Ref.   Ending Collateral Information
             Sec.
             5.04

                    Aggregate stated            $121,409,098.52
                    principal balance
                    Aggregate loan                        2,311
                    count
                    Aggregate                     $1,285,738.68
                    prepayment amount
                    Weighted average                        180
                    remaining term
                    Weighted average                  9.527331%
                    coupon rate

           P&S
           Ref.           Fees & Advances
           Sec.
           5.04
                                           Master      Trustee
                                          Servicer
           <S>      <C>                 <C>                 <C>
                    Monthly fees        $  77,334.69    $824.90
                    Aggregate           1,392,001.33
                    advances
                    Aggregate             809,079.42
                    recoveries
                    Outstanding         $(492,887.38
                    advances                       )

           P&S
           Ref.     Losses & Insurance Coverages
           Sec.
           5.04

                    Net realized                           0.00
                    losses (this
                    period)
                    Cumulative losses                      0.00
                    (from Cut-Off)

                                          Special     Bankruptc       Fraud
                                           Hazard         y
           <S>      <C>                 <C>           <C>        <C>
                    Net principal               0.00       0.00             0.00
                    losses
                    Net interest                0.00       0.00             0.00
                    losses
                    Excess losses               0.00       0.00             0.00
                    Loss coverage       $1,644,100.0  $129,193.    $3,801,676.00
                    amount                         0         00


Payment Date:  2/20/97

                Metropolitan Asset Funding, Inc.
        Mortgage Pass-Through Certificates, Series 1996-A
                           (Continued)

           P&
           S     Delinquency Information (as of the Due
           Re                    Date)
           f.
           Se
           c
           5.
           04
                                         Ending
                  Period       Loan      Stated
                               Count    Balance
           <S  <C>            <C>     <C>
           >
               30-59 days         189            $
                                       9,264,525.1
                                                 7
               60-89 days          26  1,192,025.5
                                                 9
               90+ days            21  1,123,085.5
                                                 4
               In                   6   247,014.62
               foreclosure
               Bankruptcy           0         0.00
                 Totals           242  11,826,650.
                                                92

           P&
           S          Reo Information
           Re
           f.
           Se
           c.
           5.
           04
                                         Ending     Book
                 Reo Date      Loan      Stated     Value
                              Number    Balance
           <S  <C>            <C>     <C>           <C>
           >
                                --            0.00   0.00
                                --            0.00   0.00
                                --            0.00   0.00
                                --            0.00   0.00
                 Totals             0         0.00   0.00

           P&
           S         Other Information
           Re
           f.
           Se
           c.
           5.
           04

               Available             $2,654,183.38
               funds
               Accretion                233,959.42
               amount
               Net                            0.00
               prepayment
               interest
               shortfalls
               Recoveries                     0.00
               on
               foreclosed
               loans
               Repurchase                     0.00
               price
               Deleted                        0.00
               mortgage
               loan
               shortfall
</TABLE>