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AMERICAN RESIDENTIAL LOAN ORIGINATIONS TOP $1.3 BILLION IN NOVEMBER; SERVICING PORTFOLIO HITS RECORD $14.4 BILLION

 LA JOLLA, Calif., Dec. 7 /PRNewswire/ -- American Residential Mortgage Corp., wholly owned subsidiary of American Residential Holding Corp. (NASDAQ: AMRS), today announced loan originations of $1.3 billion for November, more than double the originations from November 1992. New loan applications totaled $1.6 billion for November, 166 percent higher than levels at November 1992. The pipeline of loans-in-process was $3.1 billion at month-end, 95 percent higher than the same month last year.
 Year-to-date loan originations were $8.5 billion, 70 percent above the $5.0 billion for the first 11 months in 1992. Year-to-date loan applications totaled $14.1 billion, a 68 percent increase over the same 11-month period last year.
 Originations were at a record level, despite the fact that November begins the slow time of the year for home sales. The upswing can be attributed to a number of factors, including continued refinance demand, increased consumer confidence, home affordability, and the company's expansion into regions with strong and growing economies. "Continued low interest rates are prompting consumers to enter the home-buying market," John M. Robbins Jr., president and chief executive officer, said. "Most regions are enjoying increased levels of home sales, and we expect the home purchase market to stay strong well into 1994," he concluded.
 American Residential's servicing portfolio grew to $14.4 billion, a 42 percent increase over the same period last year. The servicing portfolio is comprised of loans with an average coupon rate of 7.7 percent, down from 8.8 percent one year ago.
 American Residential Mortgage Corp., headquartered in San Diego, has 83 branches throughout the United States. The company originates, sells, and services residential mortgages. American Residential Mortgage Corp. is one of the country's leading residential lenders.
 AMERICAN RESIDENTIAL MORTGAGE CORP.
 Business Highlights
 (Dollars in Millions)
 11 Months Ended
 Month of November Nov. 30,
 1993 1992 1993 1992
 Loan originations
 (fundings):
 Retail $460 $303 $3,624 $2,636
 Wholesale 213 300 2,292 2,254
 Correspondent 634 10 2,541 90
 Total originations $1,307 $613 $8,457 $4,980
 Percentage refinance
 originations 78.2 pct 69.9 pct 71.2 pct 65.2 pct
 New loan applications $1,643 $617 $14,073 $8,354
 Servicing purchased $40 $734 $3,790 $2,764
 As of Nov. 30,
 1993 1992
 Pipeline of loans in process $3,064 $1,567
 Owned servicing (excluding
 warehouse loans and subservicing) $14,432 $10,177
 Warehouse loans held for sale $1,096 $577
 Delinquency ratio (30 days and over):
 Including RTC 92-7 3.5 pct N/A
 Excluding RTC 92-7 2.1 pct 3.0 pct
 Foreclosure ratio:
 Including RTC 92-7 0.6 pct N/A
 Excluding RTC 92-7 0.3 pct 0.4 pct
 NOTE: The above operating statistics do not constitute all factors impacting the quarterly and annual financial results of the company. All figures above are unaudited and may be adjusted in the reported financial statements of the company, which are provided by the company quarterly. The company makes no commitment to update this information for changes in circumstances or events which occur subsequent to the date of its release.
 -0- 12/7/93
 /CONTACT: Judith A. Berry, CFO, 619-535-4425, Clay Strittmatter, shareholder relations, 619-535-4433, or Kasey Emmel, media relations, 619-535-4310, all of American Residential Mortgage/
 (AMRS)


CO: American Residential Mortgage Corp. ST: California IN: FIN SU:

JL-LS -- SD002 -- 1185 12/07/93 10:01 EST
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Date:Dec 7, 1993
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