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DUFF & PHELPS: GREENWICH CAPITAL ACCEPTANCE, INC. $61,388,000.00 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1993-AFC1 RATED

 NEW YORK, Nov. 29 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has rated the publicly offered senior mortgage pass-through certificates issued by Greenwich Capital Acceptance, Inc. The ratings on the three classes of certificates range from `AAA' to `AA+,' as follows:
 Class Amount Rate D&P Rating
 A-1 $56,797,000 variable AAA (Triple A)
 A-2 $ 4,591,000 variable AA+ (Double A Plus)
 S $0 strip rate AAA (Triple A)
 The ratings reflect the level of subordination provided to each class by the aggregate amount of the other classes subordinate to it. Class A-1 is supported by Class A-2 and privately placed subordinate classes which total 16.5 percent of the collateral balance. Class A-2 is supported by privately placed subordinate classes which total 9.75 percent of the collateral balance. The level of subordination behind each class reflects the results of D&P's analytical model which assesses the credit enhancement requirements at each rating level. The rating on the Class S certificate does not address the change in yield attributable to prepayments and recoveries on the underlying mortgage loans.
 The certificates represent beneficial ownership interests in a pool of adjustable-rate first-lien residential mortgage loans originated by the Alliance Funding Division of Superior Bank, F.S.B., and serviced by
Lee Servicing, another division of Superior. The mortgage loans are located in 17 different states, with approximately 25 percent located in New York, 18 percent in Washington, and 15 percent in California.
 Superior Bank is a federally chartered savings bank, with its principal office located in Chicago, Illinois. Superior Bank originates, purchases, sells, and services residential mortgage loans nationwide, and currently services loans totaling over $1.3 billion in aggregate outstanding balances.
 D&P has visited the origination and servicing operations of the Alliance Funding Division and the Lee Servicing Division of Superior Bank. D&P believes that they have the experience and expertise to service these loans in a manner sufficient to support the certificate ratings.
 -0- 11/29/93
 /CONTACT: Jennifer E. Schneider 212-908-0207, or Andrew B. Jones, 212-908-0205, both of Duff & Phelps Credit Rating Co./


CO: Greenwich Capital Acceptance, Inc. ST: IN: FIN SU: RTG

CK -- NY101 -- 8507 11/29/93 19:54 EST
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Date:Nov 29, 1993
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