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AAMES OPENS IN LAS VEGAS, FIRST OUT OF STATE OFFICE

 LOS ANGELES, Sept. 7 /PRNewswire/ -- Aames Financial Corp. (NASDAQ: AAMS) today announced that its Aames Home Loan of Nevada subsidiary has opened a Las Vegas office, the company's first expansion out of its home state of California. The office will be exclusively involved in making equity-based home loans on local residences.
 "We are especially pleased that our first interstate effort will be in Las Vegas with its excellent growth market characteristics," said Gary K. Judis, chairman, president and chief executive officer. "We look forward to strong loan production from this office that can be packaged into our pooled mortgage product and sold to institutional buyers."
 Judis added: "Dee Weber, who is managing this office, comes to us with many years of background in the home lending market. Her experience will be an important factor in accelerating Aames' lending activities in the area."
 Aames' Las Vegas office is located at 601 S. Rancho Drive #C-24, Las Vegas, NV 89106. The telephone number is 702-382-5850.
 Through its 25 California offices, and now Las Vegas, Aames arranges mortgage loans between lenders and real property owners, and pools mortgages for sale into institutional markets. The company currently services a loan portfolio in excess of $262 million.
 -0- 9/7/93
 /CONTACT: Gregory J. Witherspoon, Aames Financial, 213-351-6100; Roger S. Pondel, Pondel Parsons & Wilkinson, 310-207-9300/
 (AAMS)


CO: Aames Financial Corp.; Aames Home Loan of Nevada ST: California, Nevada IN: FIN SU: PDT

JL-MF -- LA010 -- 9196 09/07/93 09:03 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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