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PRUDENTIAL HOME MORTGAGE CERTIFICATES 1992-49 RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 15 /PRNewswire/ -- The Prudential Home Mortgage Securities Co., Inc.'s (PHMSC) $162.4 million mortgage pass-through certificates, series 1992-49, classes A-1 and A-R are rated 'AA' by Fitch. Only class A-1 is being offered at this time. The rating reflects credit loss protection provided by the 7.25 percent unrated subordinate class B certificates, as well as the high quality of the mortgage collateral, strength of the legal and financial structures, and servicing capabilities of The Prudential Home Mortgage Co., Inc. (PHMC).
 The certificates are collateralized by a pool of approximately 634 30-year, original-term, adjustable-rate mortgage (ARM) loans indexed to the one-year Constant Maturity Treasury Index, secured by first liens on one- to four-family residential properties. The interest rate on the mortgage loans will adjust annually, with adjustments limited to 2 percent maximum increases and decreases and by a weighted average maximum lifetime cap of 11.213 percent. The weighted average original loan-to-value ratio (LTV) for the mortgage pool is 74.9 percent. Alternative documentation loans account for approximately 43 percent, while cash-out refinance loans make up 7.8 percent. The pool is well diversified geographically, with approximately 39 percent of the loans in California and 24 percent in the Northeast.
 The pass-through rate for the class A-1 certificates will be an annual rate equal to the weighted average of the excess of (i) the mortgage interest rate on each outstanding mortgage loan minus (ii) the servicing fee rate of 0.25 percent. For the first distribution date, the pass-through rate will equal approximately 5.064 percent per annum.
 The mortgage loans were originated or acquired by PHMC and, in turn, sold to PHMSC. The Prudential Home Mortgage Securities Co., a special purpose corporation, deposited the loans in the trust, which issued the certificates. PHMC will act as servicer for the pool. For federal income tax purposes, a real estate mortgage investment conduit (REMIC) election will be made with respect to the trust fund.
 -0- 1/15/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Mary Sue Lundy, 212-908-0526, both of Fitch/


CO: Prudential Home Mortgage Securities Co. Inc. ST: IN: FIN SU: RTG

PS -- NY037 -- 5361 01/15/93 12:24 EST
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Date:Jan 15, 1993
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