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AMERICAN RESIDENTIAL MORTGAGE POSTS RECORD LOAN ORIGINATIONS FOR FIRST NINE MONTHS OF 1992

 AMERICAN RESIDENTIAL MORTGAGE POSTS RECORD LOAN ORIGINATIONS
 FOR FIRST NINE MONTHS OF 1992
 LA JOLLA, Calif., Oct. 8 /PRNewswire/ -- American Residential Mortgage Corp., one of the country's leading residential mortgage bankers, announced today that it posted a record $3.7 billion in home loans for the nine months ended Sept. 30, 1992, almost doubling the $2.1 billion produced in the same period of 1991. American Residential Mortgage is a subsidiary of American Residential Holding Corp. (NASDAQ: AMRS).
 The company's pipeline of loans-in-process increased to $1.8 billion as of Sept. 30, 1992, compared to $770 million at Sept. 30, 1991.
 "Although lower mortgage rates continue to spur an active refinance market, housing sales have rebounded in many areas of the country, especially the Midwest and Northeast," said John Robbins, president. "Our expansion in these areas is paying off with both increased new mortgages and refinances."
 Home sales in other states, such as Nevada and Arizona, have also ticked up. American Residential branch production has shown strong gains in these areas. In Las Vegas, loans for home purchases were up 100 percent over the same nine-month period last year, while Phoenix posted a 102 percent gain over 1991.
 "AmRes' growing loan production operation is generating valuable low-coupon servicing, providing a solid foundation for future earnings growth," Robbins added. For the nine months ended Sept. 30, 1992, the servicing portfolio increased by $3.3 billion, or 61 percent. This increase compares favorably to $2.2 billion in net servicing portfolio growth for the first nine months of 1991.
 American Residential Mortgage Corp., headquartered in La Jolla, operates 49 offices nationwide. As of Sept. 30, 1992, the company serviced and subserviced $9.5 billion in residential loans.
 -0- 10/8/92
 /CONTACT: Judith A. Berry, 619-535-4425, or Kasey Emmel, 619-535-4310, both of American Residential Mortgage/
 (AMRS) CO: American Residential Mortgage Corp. ST: California IN: FIN SU:


BP-EH -- SD004 -- 7880 10/08/92 12:58 EDT
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Date:Oct 8, 1992
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