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AMERICAN RESIDENTIAL ADDS MIDWEST OFFICES; COMPANY MOVES TO TAP STRONG HOME-BUYING MARKETS

 LA JOLLA, Calif., June 2 /PRNewswire/ -- American Residential Mortgage Corp., one of the country's leading mortgage bankers has opened two regional offices and two satellite branches in Illinois, Indiana and Missouri. The expansion is designed to take advantage of a recovering economy and increased home-buying activity.
 The two regional offices, which will focus on the wholesale and retail markets, are located in Chicago and St. Louis. Satellite branches are in Indianapolis, and Springfield, Ohio, and will report to the Cincinnati regional center.
 "Industry statistics and economic forecasts support our plan for strong growth in the Midwest region," James Gilcrest, executive vice president, National Production, said in making the announcement. "Employment has been increasing in the Chicago area, which accounts for almost 60 percent of total employment in Illinois. The St. Louis economy is stable and a recovery is underway. This is a good time for us to expand our lending capabilities in these markets."
 These openings are part of the company's ongoing strategy to expand into new geographic areas where strong buying trends are emerging. Satellite offices are also being opened to further strengthen market presence. The company now has 24 regional offices, up from 18 in 1990, the year it began its operations as an independent company. Satellite offices total 35, up from 16 in 1990.
 The larger branch system contributed to the company's record pipeline of almost $2 billion at March 31, 1993, a level which has been sustained throughout April and May. "Our recent branch growth has produced excellent results," Gilcrest said, "and we want to continue our market penetration, especially in regions where a recovering economy is instilling further confidence in consumers."
 In Chicago, the American Residential regional office will be managed by James Newton, previously a regional manager with LaSalle Talman Home Mortgage Corp. James Oldham, formerly a vice president of Heartland Saving Bank, will manage the new St. Louis region. Both are experienced mortgage banking professionals with strong track records of producing high volume originations.
 American Residential Mortgage Corp., headquartered in La Jolla, originated $5.5 billion in home loans in 1992 and serviced a loan portfolio of $9.7 billion at Dec. 31, 1992. American Residential Mortgage is a subsidiary of American Residential Holding Corp. (NASDAQ: AMRS).
 -0- 6/2/93
 /CONTACT: Judith A. Berry, CFO, 619-535-4425, Clay Strittmatter, investor relations, 619-535-4433, or Kasey Emmel, media relations, 619-535-4310, all of American Residential Mortgage/
 (AMRS)


CO: American Residential Mortgage Corp. ST: California IN: FIN SU: PDT

JB-JL -- SD002 -- 4362 06/02/93 10:01 EDT
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Date:Jun 2, 1993
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