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DUFF & PHELPS: DLJ MORTGAGE ACCEPTANCE CORP. $127,495,549 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1993-Q13

 NEW YORK, Aug. 26 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated the publicly offered senior and subordinate mortgage pass- through certificates
issued by DLJ Mortgage Acceptance Corp. The ratings on the four classes of certificates range from 'AAA' to 'BBB', as follows:
 Class Amount Rate D&P Rating
 S $0 variable AAA (Triple A)
 A-1 $99,920,000.00 adjustable AAA (Triple A)
 A-2 $21,411,641.62 adjustable AA (Double A)
 B-1 $6,163,906.93 adjustable BBB (Triple B)
 The ratings reflect the level of subordination provided to each class by the aggregate amount of the other classes subordinate to it. Class S is an interest-only strip that receives cash flow prior to all subordinate classes. Class A-1 is supported by Class A-2, Class B-1 and privately placed subordinate classes which total 23 percent of the collateral balance. Class A-2 is supported by Class B-1 and the privately placed subordinate classes which total 6.5 percent of the collateral balance. Class B-1 is supported by the privately placed subordinate classes which total 1.75 percent of the collateral balance. D&P's ratings do not address the effect on the certificates' yield attributable to prepayments or recoveries on the underlying mortgage loans. Further, the rating on the Class S certificates does not address whether investors will recoup their initial investment.
 The certificates represent beneficial ownership interests in a pool of adjustable-rate first-lien residential mortgage loans originated by Quality Mortgage USA, Inc. Quality Mortgage USA, Inc. lends for the purchase or refinancing of properties located throughout California as well as Nevada, Arizona, Washington, Texas, Colorado and Georgia. The majority of the loans originated by Quality are in southern California. Lomas Mortgage USA will service the mortgage loans. D&P has visited the servicing operations of Lomas Mortgage USA and believes that Lomas has the experience and expertise to service these loans in a manner sufficient to support the certificate ratings.
 Duff & Phelps tracks housing price changes and associated economic factors in the different MSAs (Metropolitan Statistical Area) in which Quality Mortgage lends. In January, D&P released a study of Los Angeles and surrounding counties' housing price changes. This analysis, combined with D&P's quantitative model incorporating performance experience obtained from Mortgage Information Corporation on several million securitized loans, gives D&P a unique insight into the performance and loss experience on loans in those areas.
 -0- 8/26/93
 /CONTACT: Jennifer E. Schneider, 212-908-0207, or Andrew B. Jones, 212-908-0205, both of Duff & Phelps Credit Rating Co./


CO: DLJ Mortgage Acceptance Corp. ST: New York IN: FIN SU: RTG

LD -- NY074 -- 6396 08/26/93 18:27 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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