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JHM MORTGAGE SECURITIES L.P. REPORTS SECOND QUARTER EARNINGS

 MCLEAN, Va., Aug. 13 /PRNewswire/ -- JHM Mortgage Securities L.P. (NYSE: JHM) announced today that its net income for the three months ended June 30, 1993, was $903,000, or 16 cents per unit, compared to $1,032,000, or 18 cents per unit, for the three months ended June 30, 1992.
 Second quarter taxable income to unitholders, upon which quarterly distributions are based, was $1,330,000, or 23 cents per unit, compared to $1,349,000, or 24 cents per unit, for the second quarter 1992.
 The company reported that residential mortgage production rose to $40 million per month during the second quarter. JHM expects volume to increase to $60-65 million per month by the end of 1993. The increase in loan production will primarily be generated through the expansion of JHM's wholesale purchase program into the Southeast region of the country.
 JHM Mortgage Securities L.P. is a publicly traded partnership whose objective is to provide high quarterly income through the management of mortgage-related assets. The partnership is managed by JHM Mortgage Capital Corporation and is affiliated with The JHM Group of McLean. For further information, call 703-883-2900.
 -0- 8/13/93
 /CONTACT: Stephen P. Gavula or C. Thomas Williamson III of JHM Mortgage Securities L.P., 703-883-2900/
 (JHM)


CO: JHM Mortgage Securities L.P. ST: Virginia IN: FIN SU: ERN

DC-TW -- DC024 -- 2716 08/13/93 17:01 EDT
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Publication:PR Newswire
Date:Aug 13, 1993
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