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THE PRUDENTIAL HOME MORTGAGE CERTIFICATES 1993-12 RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 25 /PRNewswire/ -- The Prudential Home Mortgage Securities Co., Inc.'s (PHMSC) $320.1 million mortgage pass-through certificates, series 1993-12, classes A-1 and A-R are rated 'AA' by Fitch. Only class A-1 is being offered at this time. The rating reflects credit loss protection provided by the 7.25 percent unrated subordinate class B certificates, as well as the high quality of the mortgage collateral, strength of the legal and financial structures, and servicing capabilities of The Prudential Home Mortgage Co., Inc. (PHMC).
 The recently originated, conventional, fully amortizing, 30-year adjustable-rate, one-to-four family residential mortgage loans have interest rates that are indexed to the one-year Constant Maturity Treasury Index. The interest rates on the mortgage loans, subject to 2 percent maximum annual increases and decreases and to maximum lifetime increases (initially a weighted average lifetime cap of 11.368 percent), will adjust annually. Historically, adjustable-rate mortgage loans have experienced higher default rates than fixed-rate mortgage loans due to borrower payment shock during an increasing interest rate environment. Accordingly, Fitch assumed a higher default rate to determine the credit enhancement level.
 The pool has a weighted average original loan-to-value ratio (LTV) of approximately 75 percent. Alternative documentation loans account for 32 percent of the pool; cash-out refinance loans for 9 percent; jumbo loans for 44 percent (balances between $300,001-$600,000); and super jumbo loans 6 percent (balances between $600,001-$1,000,000). The pool is well diversified geographically, with approximately 19 percent and 35 percent in Northern and Southern California, respectively, 18 percent in the Northeast, and 8 percent in the Southwest/Central region.
 The pass-through rate for the class A-1 certificates will be an annual rate equal to the weighted average of the excess of (i) the mortgage interest rate on each outstanding mortgage loan minus (ii) the servicing fee of 0.25 percent. For the first distribution date, the pass-through rate will equal approximately 5.193 percent per annum.
 The mortgage loans were originated or acquired by PHMC and, in turn, sold to PHMSC. The Prudential Home Mortgage Securities Co., 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, a real estate mortgage investment conduit election will be made with respect to the trust fund.
 -0- 03/25/93
 /CONTACT: Joanne M. Scatassa, 212-908-0671, or John V. Rosa, 212-908-0608, both of Fitch/


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

AH -- NY061 -- 9654 03/25/93 14:18 EST
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Date:Mar 25, 1993
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