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PRUDENTIAL HOME MORTGAGE CERTIFICATES 1992-18 RATED 'AAA/AA' BY FITCH -- FITCH FINANCIAL WIRE --

PRUDENTIAL HOME MORTGAGE CERTIFICATES 1992-18 RATED 'AAA/AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, June 29 /PRNewswire/ -- Prudential Home Mortgage Securities Co., Inc.'s $411.4 million mortgage pass-through certificates Series 1992-18 Class A are rated "AAA" and the $15.8 million Class M certificates are rated "AA" by Fitch.
 The "AAA" rating on the Class A senior certificates reflects the credit loss protection provided by the 3.50 percent subordinate Class M certificates and the 5.25 percent subordinate Class B certificates, which are not rated. The "AA" rating on the Class M certificates reflects credit support provided by the 5.25 percent subordinate Class B certificates. Both ratings also reflect the high quality of the mortgage collateral, the strength of the legal and financial structures, and the servicing capabilities of Prudential Home Mortgage Co., Inc. (PHMC).
 The mortgage pool consists of conventional, fully amortizing, 30-year fixed-rate mortgage loans secured by one- to four-family residential properties. All mortgage loans were originated or acquired by PHMC. The weighted average original loan-to-value for the mortgage pool is 70.9 percent. Alternative documentation loans account for approximately 34.8 percent, cash-out refinance loans 22.1 percent, and loans secured by properties located in California 65.2 percent.
 Prudential Home Mortgage Securities, Inc., a special purpose corporation, deposited the loans in the trust, which 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- 6/29/92
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or Mary Sue Lundy, 212-908-0526, both of Fitch/ CO: Prudential Home Mortgage Securities Co., Inc. ST: New York IN: INS SU: RTG


GK -- NY051 -- 4725 06/29/92 12:37 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
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