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BRAD MORRICE APPOINTED TO PLAZA HOME MORTGAGE BOARD OF DIRECTORS

 SANTA ANA, Calif., May 20 /PRNewswire/ -- Plaza Home Mortgage Corp. (NASDAQ: PHMC) today announced that Brad A. Morrice, executive vice president, corporate administrative officer and general counsel, has been appointed to the board of directors of the company and of its subsidiary, Plaza Home Mortgage Bank, FSB. His appointment, effective April 29, brings the total number of company directors to eight.
 Morrice has served as Plaza's outside general counsel since the company's formation in 1985, acting in that capacity while in private practice before joining Plaza as an executive vice president in February 1993. Prior to joining Plaza in February, he was a partner at the law firm of King, Purtich and Morrice and with Fried, King, Holmes and August, and was formerly an attorney with Manatt, Phelps and Phillips.
 Morrice received his Juris Doctorate from U.C. Berkeley (Boalt Hall) and earned his master's degree in business administration at Stanford University.
 Plaza Home Mortgage is a mortgage banking company specializing in the origination, sale and servicing of 1-to-4 family residential mortgage loans. Plaza conducts mortgage banking activities through its 25 loan origination offices in eight states, and is ranked the ninth-largest mortgage loan originator in California, the 22nd largest nationwide.
 -0- 5/20/93
 /EDITOR'S NOTE: For more information on Plaza by fax dial: 800- PRO-INFO, ext. 132./
 /CONTACT: James M. Weld, president and COO of Plaza Home Mortgage, 714-564-3010; or Regina K. Ryan of FRB New York, 212-661-8030, or John H. Shaw of FRB Los Angeles, 818-783-2400, for Plaza Home Mortgage/
 (PHMC)


CO: Plaza Home Mortgage Corp. ST: California IN: FIN SU: PER

EH-MS -- LA017 -- 0781 05/20/93 12:51 EDT
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Publication:PR Newswire
Date:May 20, 1993
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