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JHM MORTGAGE SECURITIES L.P. ANNOUNCES ACQUISITION OF NEW MORTGAGE SERVICING RIGHTS

 JHM MORTGAGE SECURITIES L.P. ANNOUNCES ACQUISITION
 OF NEW MORTGAGE SERVICING RIGHTS
 MCLEAN, Va., April 22 /PRNewswire/ -- JHM Mortgage Securities L.P. (NYSE: JHM) today announced that it has purchased an additional $550 million of GNMA mortgage servicing rights. The majority of the new servicing portfolio relates to mortgages that were originated during the past year. The acquisition, which was financed through JHM's term credit facility with First Bank National Association, increases JHM's ownership of mortgage servicing rights to approximately $2.7 billion.
 JHM Mortgage L.P. is a publicly traded partnership whose objective is to provide high quarterly income through the management of mortgage-related assets. The partnership is managed by JHM Mortgage Capital Corporation and is affiliated with The JHM Group of McLean. For further information, call 703-883-2900.
 -0- 4/22/92
 /CONTACT: Stephen P. Gavula or C. Thomas Williamson III of The JHM Group, 703-883-2900/
 (JHM) CO: JHM Mortgage Securities L.P. ST: Virginia IN: FIN SU: TNM


DC -- DC002 -- 1096 04/22/92 09:21 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
Words:169
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