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NORTH AMERICAN MORTGAGE TERMINATION DATE OF TRANSFER

 SANTA ROSA, Calif., Jan. 5 /PRNewswire/ -- North American Mortgage Company (NYSE: NAC), the nation's seventh-largest originator of home loans, today announced that it had agreed with the representatives of the underwriters of its July 1992 public offering that the date for termination of the six-month transfer restriction on 6,144,505 outstanding shares of the company's common stock will be Jan. 11, 1993 at 11:59 p.m., EST. The shares involved were issued to former limited partners and others having an equity interest in IMCO Realty Services -- a California Limited Partnership -- in connection with the July 1992 acquisition by the company of the business of that partnership.
 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. It is a major originator in the California, Texas and mid-Atlantic states. Headquartered in Santa Rosa, Calif., the company operates 48 origination offices located in 13 states, including offices recently opened in South Carolina, Arizona, Florida, Nevada, Georgia and Utah.
 -0- 1/5/93
 /CONTACT: Martin S. Hughes, executive vice president of North American Mortgage Company, 707-523-5049, or Andrew R. Baer or Thomas J. Davies of Kekst & Company, 212-593-2655, for North American Mortgage Company/
 (NAC)


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

SM-KW -- NY063 -- 1797 01/05/93 13:57 EST
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Publication:PR Newswire
Date:Jan 5, 1993
Words:234
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