<TABLE>
<CAPTION>

Payment Date:  1/21/97

                        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               $  6.05000  $1,462,727.7  $206,338.3   $1,669,066.
              40,926,613.3       0%             2           4            06
                         1
       A-2    24,513,122.0  6.85000          0.00  139,929.07    139,929.07
                         0        0
       A-3    9,241,971.00  7.15000          0.00   55,066.74     55,066.74
                                  0
       A-4    25,598,281.8  6.95000    105,959.33  148,256.72    254,216.05
                         2        0
       B-1    6,916,300.81  7.20000     28,628.74   41,497.80     70,126.54
                                  0
       B-2    4,401,282.51  7.50000     18,218.29   27,508.02     45,726.31
                                  0
       B-3    3,801,675.00  8.25000          0.00   26,136.52     26,136.52
                                  0
       B-4    4,118,481.00  8.25000          0.00   28,314.56     28,314.56
                                  0
       B-5    2,851,256.00  8.25000          0.00   19,602.39     19,602.38
                                  0
       R/PO   2,759,744.94  2.28095          0.00        0.00          0.00
                                  1
       R/ZI           0.00  2.28095          0.00        0.00          0.00
        O                         1
        R     2,759,744.94  2.28095          0.00        0.00          0.00
                                  1

Total      $125,128,728.39           $1,815,534.0  $692,650.1   $2,308,184.
  s                                             8           6            24

Payment Date:  1/21/97

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



 Class Information              Current Payment Information

                    Losses   Interest     Ending       Carry  Aggregat
 Class     Name       to     Shortfal   Cert. Bal.    Forwar      e
  Code             Principa     ls                       d     Unpaid
                       l
<S>      <C>       <C>       <C>       <C>            <C>     <C>
            A-1         0.00      0.00             $     0.00  $32,549.
                                        39,463,885.5                 36
                                                   9
            A-2         0.00      0.00  24,513,122.0     0.00      0.00
                                                   0
            A-3         0.00      0.00  9,241,971.00     0.00      0.00
            A-4         0.00      0.00  25,492,322.4     0.00      0.00
                                                   9
            B-1         0.00      0.00  6,887,672.07     0.00      0.00
            B-2         0.00      0.00  4,383,064.22     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  2,851,258.00     0.00      0.00
           R/PO         0.00      0.00  2,982,293.05     0.00      0.00
           R/ZIO        0.00      0.00          0.00     0.00      0.00
             R          0.00      0.00  2,982,293.95     0.00      0.00

Totals                                  $123,735,743           $32,549.
                                                 .32                 36

Payment Date:  1/21/97

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

             Class                      Factors Per $1,000
             Information
 Class           Principal   Interest        Ending
 Code    Name      Dist.       Dist.       Cert. Bal.
<S>     <C>      <C>        <C>          <C>
          A-1     34.449166  4.85953994    929.42853360
                         19
          A-2     0.0000000  5.70833326  1,000.00000000
                          0
          A-3     0.0000000  5.95833291  1,000.00000000
                          0
          A-4     4.1075779  5.74726196    988.22539185
                          0
          B-1     4.1075776  5.95399712    988.22539203
                          6
          B-2     4.1075776  6.20208203    988.22539203
                          6
          B-3     0.0000000  6.87500115  1,000.00000000
                          0
          B-4     0.0000000  6.87500076  1,000.00000000
                          0
          B-5     0.0000000  6.87500175  1,124.99782399
                          0
         R/PO     0.0000000  0.00000000  1,176.70044576
                          0
         R/ZIO    0.0000000  0.00000000      0.00000000
                          0
           R      0.0000000  0.00000000  1,176.70044578
                          0

 Totals           12.748595  5.46588080    976.43061797
                         48


             Class               Original Certificate Information
             Information


  Type     Name    Cert. Bal.    Pass-       Cusips
                                Through
<S>        <C>    <C>           <C>       <C>
 Senior     A-1              $   6.05000     591738AA7
                  42,460,468.0        0%
                             0
            A-2   24,513,122.0   6.85000     591738AB5
                             0         0
            A-3   9,241,971.00   7.15000     591738AC3
                                       0
            A-4   25,796,061.0   6.95000     591738AD1
                             0         0
Subordina   B-1   6,969,738.00   7.20000     591738AE9
   te                                  0
            B-2   4,435,288.00   7.50000     591738AF6
                                       0
            B-3   3,801,675.00   8.25000           N/A
                                       0
            B-4   4,118,481.00   8.25000           N/A
                                       0
            B-5   2,851,256.00   8.25000           N/A
                                       0
Residual   R/PO   2,534,454.68   2.28095           N/A
                                       1
           R/ZIO          0.00   2.28095           N/A
                                       1
             R    2,534,454.68   2.28095           N/A
                                       1

 Totals           $126,722,514
                           .68

Payment Date:  1/21/97
                        Metropolitan Asset Funding, Inc.
                Mortgage Pass-Through Certificates, Series 1996-A
                                   (Continued)

            Aggregate Certificate
            Informatio
            n
   Class     Aggregate    Aggregate          Aggregate
   Type        Pct.     Prepay. Pct.      End. Cert. Bal.
<S>         <C>         <C>            <C>
Senior       66.920548%   100.000000%          $96,711,301.08
Class A-4     22.938028      0.000000                     N/A
Subordinate   10.141424      0.000000           25,024,442.24

  P&S
 Ref.    Ending Collateral
 Sec.    Information
 5.04

         Aggregate stated                   $125,735,743.33
         principal balance
         Aggregate loan                               2,335
         count
         Aggregate                              $930,552.46
         prepayment amount
         Weighted average                               181
         remaining term
         Weighted average                         9.528904%
         coupon rate

P&S
Ref.     Fees & Advances
Sec.
5.04
                                Master          Trustee
                               Servicer
<S>      <C>                <C>             <C>
         Monthly fees          $  78,205.38         $834.19
         Aggregate             1,392,001.33
         advances
         Aggregate               786,190.64
         recoveries
         Outstanding                      $
         advances               (90,034.53)
Payment Date:  1/21/97
                        Metropolitan Asset Funding, Inc.
                Mortgage Pass-Through Certificates, Series 1996-A
                                   (Continued)


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

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

                            Special Hazard    Bankruptcy       Fraud
<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        $1,644,100.00     $129,193.00  $3,801,676.
         amount                                                       00



 P&S Ref.
Sec. 5.04   Delinquency Information (as of
            the Due Date)
                                             Ending
                Period       Loan Count      Stated
                                            Balance
<S>         <C>             <C>          <C>
            30-59 days               214  $10,757,452.0
                                                      8
            60-89 days                40   1,721,625.00
            90+ days                  14     676,717.37
            In foreclosure             3     130,157.16
            Bankruptcy                 0
                                                   0.00
              Totals                 271  $13,285,951.6
                                                      1
Payment Date:  1/21/97
                        Metropolitan Asset Funding, Inc.
                Mortgage Pass-Through Certificates, Series 1996-A
                                   (Continued)


P&S Ref.
Sec. 5.04         Reo Information
                                             Ending     Book
               Reo Date     Loan Number      Stated     Valu
                                            Balance       e
<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 Ref.
Sec. 5.04        Other Information

            Available                     $2,308,184.24
            funds
            Accretion                        237,843.72
            amount
            Net prepayment                         0.00
            interest
            shortfalls
            Recoveries on                          0.00
            foreclosed
            loans
            Repurchase                             0.00
            price
            Deleted                                0.00
            mortgage loan
            shortfall

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