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AMERICAN RESIDENTIAL MORTGAGE CORP. ADDS FIVE NEW OFFICES TO NATIONAL BRANCH NETWORK

 LA JOLLA, Calif., Dec. 17 /PRNewswire/ -- American Residential Mortgage Corp., one of the nation's leading residential lenders, is expanding its branch network to 53 offices. New branches in California, Connecticut, Ohio, Oregon and Texas will help the company increase its national market share, as well as build its presence in strong areas of home buying activity.
 New locations include Pasadena, Calif., Hartford, Conn., Cincinnati, Houston, and Portland, Ore. The new branches will offer a complete mix of conventional fixed and adjustable loans as well as FHA and VA loans.
 Ranked as the nation's fifth largest independent mortgage originator, American Residential now operates retail and wholesale loan offices in 17 states.
 "Money raised from the company's initial public offering in August has made this accelerated expansion possible," said John Robbins, president and chief executive officer of American Residential, in announcing the openings. "Our goal is to enhance our existing network of lending centers which are currently concentrated in the Western and Northeastern United States. Our targets are markets that have favorable economies as well as increased home buying activities."
 Robbins also noted that the new offices are part of American Residential's strategy to build loan origination capacity. Additional offices will be opened as market conditions allow. The firm also intends to maximize volume from its current network by expanding its correspondent loan purchase activity.
 American Residential Mortgage Corp. is headquartered in La Jolla. The company originated $3.7 billion in home loans for the first nine months of the year and serviced and subserviced $9.5 billion in residential loans as of Sept. 30, 1992. American Residential Mortgage is a subsidiary of American Residential Holding Corp. (NASDAQ: AMRS).
 -0- 12/17/92
 /CONTACT: Judith A. Berry, 619-535-4425, or Kasey Emmel, 619-535-4310, both of American Residential/
 (AMRS)


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

LS-KJ -- SD004 -- 8018 12/17/92 08:02 EST
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Publication:PR Newswire
Date:Dec 17, 1992
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