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OCTOBER ORIGINATIONS HIT RECORD $1.2 BILLION AT AMERICAN RESIDENTIAL; SERVICING PORTFOLIO GROWS TO $13.5 BILLION

 SAN DIEGO, Nov. 9 /PRNewswire/ -- American Residential Mortgage Corp., wholly owned subsidiary of American Residential Holding Corp. (NASDAQ: AMRS), today announced loan originations of $1.2 billion for October, 85 percent higher than October of 1992. New loan applications totaled $1.9 billion for October, 79 percent higher than October 1992. The pipeline of loans-in-process was a record $3.2 billion at month end, 72 percent higher than the same point in time in 1992.
 Year-to-date loan originations were $7.2 billion, 64 percent above the $4.4 billion for the first 10 months in 1992. Year-to-date loan applications totaled $12.4 billion, a 60 percent increase over the same 10-month period in the prior year.
 The record loan production was attributed to a combination of factors. These included low interest rates, prompting strong refinancing activity and a branch expansion strategy that focuses on increasing operations in areas where active home-buying markets exist. "While refinancing is a large part of this business, we are seeing a return to a more traditional housing market, with home buyers entering the market in increasing numbers," John M. Robbins,Jr., president and chief executive officer, said. "Home affordability is improving in virtually all of our markets. Our growth in market share during 1993 will enable continued strength in originations as refinance demand eventually lessens," he concluded.
 Also adding to record originations is the rapid growth of the company's correspondent loan purchase activities pursuant to a strategy initiated just a year ago when the company established its National Accounts Division to enhance the existing, smaller scale correspondent operations. During the first 10 months of 1993, correspondent originations were $1.9 billion, as compared to $80 million in the same period last year.
 American Residential's servicing portfolio grew to $13.5 billion, a 48 percent increase over the same period last year. The servicing portfolio is comprised of loans with an average coupon rate of 7.8 percent, down from 8.9 percent one year ago.
 American Residential Mortgage Corp., headquartered in San Diego, has 77 branches throughout the United States. The company originates, sells and services residential mortgages. American Residential Mortgage Corp. is one of the country's leading residential lenders.
 AMERICAN RESIDENTIAL MORTGAGE CORP.
 Business Highlights
 (Dollars in millions)
 Month of October 10 Months Ended Oct. 31,
 1993 1992 1993 1992
 Loan originations
 (fundings):
 Retail $431 $343 $3,164 $2,333
 Wholesale 221 298 2,080 1,954
 Correspondent 547 8 1,906 80
 Total originations $1,199 $649 $7,150 $4,367
 Percentage refinance
 originations 78.0 pct 71.7 pct 69.9 pct 64.5 pct
 New loan applications $1,857 $1,036 $12,405 $7,743
 Servicing purchased $285 $199 $3,750 $2,035
 As of Oct. 31,
 1993 1992
 Pipeline of loans in process $3,190 $1,860
 Owned servicing (excluding warehouse
 loans and subservicing) $13,494 $9,101
 Warehouse loans held for sale $1,200 $601
 Delinquency ratio (30 days and over):
 Including RTC 92-7 3.7 pct N/A
 Excluding RTC 92-7 2.1 pct 3.1 pct
 Foreclosure Ratio:
 Including RTC 92-7 0.6 pct N/A
 Excluding RTC 92-7 0.3 pct 0.4 pct
 NOTE: The above operating statistics do not constitute all factors impacting the quarterly and annual financial results of the company. All figures above are unaudited and may be adjusted in the reported financial statements of the company, which are provided by the company quarterly. The company makes no commitment to update this information for changes in circumstances or events which occur subsequent to the date of its release.
 -0- 11/9/93
 /CONTACT: Judith A. Berry, CFO, 619-535-4425, Clay Strittmatter, shareholder relations, 619-535-4433, or Kasey Emmel, media relations, 619-535-4310, all of American Residential/
 (AMRS)


CO: American Residential Mortgage Corp.; American Residential
 Holding Corp. ST: California IN: FIN SU:


JL-JB -- SD007 -- 2385 11/09/93 15:47 EST
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Date:Nov 9, 1993
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