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NORTH AMERICAN MORTGAGE COMPANY DECLARES QUARTERLY DIVIDEND

 SANTA ROSA, Calif., May 7 /PRNewswire/ -- The board of directors of North American Mortgage Company (NYSE: NAC), the nation's sixth largest originator of home loans, announced that at its meeting today, the board of directors declared a quarterly dividend of $0.05. The dividend is payable on June 3, 1993, to holders of its common stock of record on May 20, 1993.
 North American Mortgage Company is primarily engaged in the mortgage banking business and, accordingly, originates, acquires, sells and services mortgage loans which are principally first-lien mortgage loans secured by single family residences. The company is a leading residential lender in the California, Texas, Hawaii, Colorado, New Mexico and the Washington D.C. area. Headquartered in Santa Rosa, California, the company operates 50 origination offices located in fourteen states.
 -0- 5/7/93
 /CONTACT: Martin S. Hughes, executive vice presdient of North American Mortgage Company, 707-523-5049, or Andrew R. Baer or Thomas J. Davies, both of Kekst and Company, 212-593-2655, for Kekst and Company/
 (NAC)


CO: North American Mortgage Company ST: California IN: FIN SU: DIV

TM -- NY065 -- 6101 05/07/93 16:13 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:186
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