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NORTH AMERICAN MORTGAGE HOLDS ANNUAL MEETING

 SANTA ROSA, Calif., May 7 /PRNewswire/ -- North American Mortgage Company (NYSE: NAC) reported that stockholders today at the company's annual meeting elected the following members of the board of directors: John F. Farrell, Jr.; Terrance G. Hodel; J. Colin Keith; James B. Nicholson; William L. Brown; and William F. Connell.
 Stockholders also approved amendments to the company's employee stock purchase and incentive stock option plans, and they ratified the appointment of Ernst & Young as independent public accountants of the company for the 1993 fiscal year.
 North American Mortgage Company is primarily engaged in the mortgage banking business and, accordingly, originates, acquires, sells and services mortgage loans which are principally first-lien mortgage loans secured by single family residences. The company is a leading residential lender in the California, Texas, Hawaii, Colorado, New Mexico and the Washington D.C. area. Headquartered in Santa Rosa, the company operates 50 origination offices located in 14 states.
 -0- 5/7/93
 /CONTACT: Martin S. Hughes, Executive Vice President of North American Mortgage Company, 707-523-5049; Andrew R. Baer or Thomas J. Davies of Kekst and Company, 212-593-2655, for North American Mortgage Company/
 (NAC)


CO: North American Mortgage Company ST: California IN: FIN SU: PER

SH -- NY056 -- 6027 05/07/93 14:32 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:207
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