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DEMARK ADOPTS HOME LENDING ASSOCIATES NAME; REPORTS ACQUISITION OF LIBERTY MORTGAGE

 TUKWILA, Wash., Sept. 20 /PRNewswire/ -- Home Lending Associates Inc. ("Home Lending"), the mortgage brokering and wholesale mortgage lending firm acquired by Hilltop Products Inc./Demark Financial Inc. (OTC: DEMK) in June 1993, has completed a change in the name of its parent Delaware corporation to Home Lending Associates Inc. The company's common stock is now quoted on the Electronic Bulletin Board under the new symbol "HMLA" and has the new CUSIP No. 437141-10-4.
 David Zehm, president of Home Lending, reports that the company has also acquired Liberty Mortgage Inc. of Seattle, a transaction expected to add approximately $20 million in originations to Home Lending's monthly volume. As a FHA correspondent, Liberty's status will also enable Home Lending to broaden the scope of financial products it offers its customers.
 Home Lending's growth in mortgage volume continues, with $76 million in originations and over $29 million in closings recorded for the month of August 1993, up from $66 million in originations and $20 million in closings for the month of July. For the six months ended June 30, 1993, Home Lending reported net profit of $34,298 on revenues of $2,312,655 at a time when the company expanded to include 160 loan officers operating in 14 locations in Washington, Oregon, New Mexico and Idaho. Further expansion, through both acquisition and new offices, is planned.
 -0- 9/20/93
 /CONTACT: Mark Waller, 503-635-9309/
 (HMLA)


CO: Home Lending Associates Inc.; Demark Financial Inc.;
 Liberty Mortgage Inc. ST: Washington IN: FIN SU: TNM


JB-EH -- LA030 -- 3742 09/20/93 14:08 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
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