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PRUDENTIAL HOME 1993-20 $244.2 MILLION MORTGAGE CERTIFICATES RATED 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, May 20 /PRNewswire/ -- The Prudential Home Mortgage Securities Co., Inc.'s (PHMSC) $239.8 million mortgage pass-through certificates, series 1993-20 class A are rated `AAA' by Fitch. The $4.4 million series 1993-20 class M certificates are rated `AA.'
 The `AAA' rating on the class A senior certificates reflects the credit enhancement provided by the 1.75 percent subordinate class M certificates and the 2.75 percent unrated subordinate class B certificates. Fitch believes this credit enhancement will be sufficient to cover credit losses, including limited bankruptcy, fraud, and special hazard losses. The `AA' rating on the class M certificates reflects credit support provided by the 2.75 percent unrated subordinate class B certificates. In addition, both ratings reflect the high quality of the underlying collateral, the integrity of the legal and financial structures, and the servicing capabilities of The Prudential Home Mortgage Co., Inc. (PHMC).
 The mortgage pool consists of conventional, fixed-rate, fully amortizing 15-year mortgage loans secured primarily by one-to-four family residential properties located predominately in Northern and Southern California (24 percent and 30 percent, respectively) and in the Northeast region (18 percent). The pool contains approximately 33 percent alternative documentation loans and 19 percent cash-out refinance loans. The weighted average original loan-to-value ratio (LTV) for the mortgage pool is a low 66 percent. The low LTV, coupled with the 15-year collateral, are the primary reasons for the pool's low credit enhancement level.
 The mortgage loans were originated or acquired by PHMC, and in turn sold to PHMSC. PHMSC, a special purpose corporation, deposited the loans into the trust, which then issued the certificates. PHMC will act as servicer for the pool. For federal income tax purposes, two real estate mortgage investment conduit elections will be made with respect to the trust fund.
 -0- 5/20/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Suzanne L. Michaud, 212-908-0604, both of Fitch/


CO: Prudential Home Mortgage Securities Co., Inc. ST: IN: FIN SU: RTG

CK -- NY103 -- 0902 05/20/93 16:08 EDT
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Date:May 20, 1993
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