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MARINE MIDLAND MORTGAGE PASS-THRU SERIES 1992-2 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --

 MARINE MIDLAND MORTGAGE PASS-THRU SERIES 1992-2 'AAA/AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 18 /PRNewswire/ -- Marine Midland Bank, N.A. (MMB) mortgage pass-through certificates Series 1992-2, $276.2 million Class A is rated 'AAA' by Fitch. The $8.2 million Class A-M is rated 'AA.'
 The ratings are based on the quality of the collateral, the credit support, and the integrity of the legal and financial structures. The approximately 7-1/2 percent credit support for the Class A certificates is provided by subordination of the Class A-M and Class B certificates, while the 4-3/4 percent credit support for the Class A-M certificates is provided by further subordination of the Class B certificates.
 The collateral is a pool of recent origination 15- and 30-year conventional, fixed rate, fully-amortizing, one-to-four family residential mortgage loans. The loans were originated by MMB, or by its subsidiary Marine Midland Mortgage Corp. (MMMC) on behalf of MMB, in conformity with MMB guidelines. A portion of the pool (approximately 2 percent by principal balance) represents loans underwritten under a limited documentation program. Approximately 23.4 percent of the mortgages are secured by properties in Maryland, 18.5 percent in Virginia, 8.0 percent in New Jersey, 7.2 percent in New York, and 6.6 percent in Connecticut. Approximately 85 percent of the loans have an original loan-to-value ratio (LTV) of 80 percent or less (for a weighted average of 71.6 percent), 98 percent are secured by single-family detached properties, and 99 percent are owner-occupied residences, all of which help minimize the risk of default.
 MMMC, a wholly owned subsidiary of MMB, will act as servicer. The delinquency ratios of its servicing portfolio are lower than national averages, and Fitch believes they will continue to provide high quality servicing for the life of the certificates. MMMC is obligated to advance delinquent payments of principal and interest to the extent they are deemed recoverable.
 The certificates are issued by a separate trust created pursuant to the trust agreement. A real estate mortgage investment conduit (REMIC) election will be made with regard to the trust fund.
 -0- 6/18/92
 /CONTACT: Alexander K. Zabik, 212-908-0634, or Michele J. Loesch, 212-908-0686, both of Fitch/ CO: Marine Midland Bank N.A. ST: New York IN: FIN SU: RTG


PS -- NY056 -- 1574 06/18/92 14:44 EDT
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Date:Jun 18, 1992
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