<TABLE>
<CAPTION>

Payment Date:  12/20/96
Accrual Period:  11/2/96 thru 12/1/96

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


Class                             Current Payment Information
Information

Class           Beginning      Pass-     Principal       Interest       Total
Code   Name    Cert. Bal.     Through    Dist. Amt.     Dist. Amt.      Dist.
<S>  <C>   <C>            <C>         <C>          <C>              <C>
     A-1                $  6.050000%  $1,533,854.6     $214,071.53  $1,747,926.2
            42,460,468.00                        9                             2
     A-2    24,513,122.00   6.850000          0.00      139,929.07    139,929.07
     A-3     9,241,971.00   7.150000          0.00       55,066.74     55,066.74
     A-4    25,796,061.00   6.950000    197,779.18      149,402.19    347,181.37
     B-1     6,969,738.00   7.200000     53,437.19       41,818.43     95,255.62
     B-2     4,435,288.00   7.500000     34,005.49       27,720.55     61,726.04
     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    2,534,454.68   2.296781          0.00            0.00          0.00
     R/ZI            0.00   2.296781          0.00            0.00          0.00
      O
      R      2,534,454.68   2.296781          0.00            0.00          0.00

Tot       $126,722,514.68             $1,819,076.5     $702,061.98  $2,521,138.5
als                                              5                             3


Payment Date:  12/20/96
Accrual Period:  11/2/96 thru 12/1/96

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


   Class                    Current Payment Information
   Information
Clas         Losses   Interest       Ending       Carry   Aggregate
 s   Name      to     Shortfal     Cert. Bal.    Forward    Unpaid
Code        Principa     ls
               l
<S>  <C>    <C>       <C>        <C>             <C>      <C>
       A-1      0.00       0.00               $      0.00  $17,254.6
                                  40,926,613.31                    4
       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   25,598,281.82      0.00       0.00
       B-1      0.00       0.00    6,916,300.81      0.00       0.00
       B-2      0.00       0.00    4,401,282.51      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    2,759,744.94      0.00       0.00
      R/ZI      0.00       0.00            0.00      0.00       0.00
         O
         R      0.00       0.00    2,759,744.94      0.00       0.00

  Totals                         $125,128,728.3            $17,254.6
                                              9                    4


Payment Date:  12/20/96
Accrual Period:  11/2/96 thru 12/1/96

                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   36.12430021   5.04166676       963.87569979
           A-2    0.00000000   5.70833328     1,000.00000000
           A-3    0.00000000   5.95833291     1,000.00000000
           A-4    7.66703025   5.79166680       992.33296975
           B-1    7.66703031   6.00000029       992.33296969
           B-2    7.66703031   6.25000000       992.33296969
           B-3    0.00000000   6.87500115     1,000.00000000
           B-4    0.00000000   6.87500076     1,000.00000000
           B-5    0.00000000   6.87500175     1,124.99782399
          R/PO    0.00000000   0.00000000     1,088.89102063
         R/ZIO    0.00000000   0.00000000         0.00000000
             R    0.00000000   0.00000000     1,086.89102063

    Totals       14.35480157   5.54015190       987.42302192


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
Subordinat   B-1      6,969,738.00   7.200000     591738AE9
    e
             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:  12/20/96
Accrual Period:  11/2/96 thru 12/1/96

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

            Aggregate Certificate
            Information
  Class     Aggregate   Aggregate         Aggregate
   Type        Pct.      Prepay.       End. Cert. Bal.
                          Pct.
<S>         <C>         <C>>       <C>
Senior      67.199624%  100.00000           $100,279,988.13
                               0%
Class A-4    22.744510   0.000000                       N/A
Subordinat   10.055866   0.000000             24,848,740.26
e


P&S Ref.
  Sec.   Ending Collateral Information
  5.04

         Aggregate stated               $125,128,728.39
         principal
         balance
         Aggregate loan                         2,351
         count
         Aggregate                        $724,091.03
         prepayment
         amount
         Weighted average                         182
         remaining term
         Weighted average                   9.540447%
         coupon rate

P&S Ref.
Sec.     Fees & Advances
5.04
                              Master        Trustee
                             Servicer
<S>      <C>               <C>            <C>
         Monthly fees       $  79,190.99      $844.22
         Aggregate                  0.00
         advances
         Aggregate            695,845.22
         recoveries
         Outstanding        $(695,845.22
         advances                      )

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

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

                              Special     Bankruptcy      Fraud
                              Hazard
<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  $129,193.00   $3,801,676.
         amount                        0                         00



Payment Date:  12/20/96
Accrual Period:  11/2/96 thru 12/1/96

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

P&S Ref.
  Sec.    Delinquency Information (as of the
  5.04    Due Date)
                                      Ending
             Period        Loan       Stated
                           Count      Balance
<S>       <C>            <C>       <C>
          30-59 days           251  $11,758,083.
                                              62
          60-89 days            43  2,392,295.23
          90+ days               1     41,478.03
          In                     1     85,405.39
          foreclosure
          Bankruptcy             0          0.00
            Totals             296  14,277,262.2
                                               7

P&S Ref.
Sec.      Reo
5.04      Information
                                      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 Ref.
Sec.      Other
5.04      Information

          Available                $2,521,138.53
          funds
          Accretion                   242,544.91
          amount
          Net                               0.00
          prepayment
          interest
          shortfalls
          Recoveries                        0.00
          on
          foreclosed
          loans
          Repurchase                  401,498.71
          price
          Deleted                       5,686.23
          mortgage
          loan
          shortfall
</TABLE>