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PRUDENTIAL HOME MORTGAGE CERTIFICATES 1993-10 RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 18 /PRNewswire/ -- The Prudential Home Mortgage Securities Co., Inc.'s (PHMSC) $231.0 million mortgage pass-through certificates, series 1993-10, class A, are rated 'AAA' by Fitch.
 The rating reflects credit loss protection provided by the 7.00 percent subordinate class B certificates, which are not rated. Additional key rating factors are the high quality of the mortgage collateral, strength of the legal and financial structures, and pabilities of The Prudential Home Mortgage Co., Inc. (PHMC).
 The mortgage pool consists of recently originated, conventional, fixed-rate, five and seven-year (approximately 77 percent and 23 percenloa secured by one- to four-family residential properties located primarily in California (23 percent Northern and 44 percent Southern). Because a refinancing risk exists at maturity for balloon payment mortgage loans, Fitch assumes a higher level of defaults. However, the increased potential for losses and defaults on this type of loan is mitigated somewhat by the relatively low weighted average original loan-to-value ratio (LTV) of 69.9 percent, as well as the fact that all of the loans are secured by owner-occupied properties. In addition, the pool contains approximately 22 percent cash-out refinance loans and approximately 30 percent alternative documentation loans.
 The mortgage loans were originated or acquired by PHMC and, in turn, sold to The Prudential Home Mortgage Securities Co. PHMSC, a special purpose corporation, deposited the loans in the trust, which then 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- 3/18/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or John V. Rosa, 212-908-0608, both of Fitch/


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

LR -- NY054 -- 0153 03/18/93 13:48 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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