TAMPA, Fla., May 6 /PRNewswire/ -- IMC Mortgage Company (Nasdaq: IMCC)
(IMC) today announced that a shelf registration for the future issuance of
$3 billion of asset-backed securities was declared effective with the
Securities and Exchange Commission on May 2, 1997. The filing was made by the
company's wholly owned subsidiary, IMC Securities, Inc. and allows for the
future issuance of certificates representing an undivided ownership interest
in REMIC trusts at prices to be determined at the time of sale.
IMC Mortgage Company is a Tampa-based specialty consumer finance company
engaged in purchasing, originating, servicing and selling home equity loans
secured primarily by first liens on one-to-four family residential properties.
The Company has wholesale and retail operations in the United States and began
limited operations in early 1996 in the United Kingdom through a joint
venture. To receive a copy of future press releases by fax, call: IMC
Investor Relations Dept., 813-915-2515.
SOURCE IMC Mortgage Company
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CONTACT:
Jean S. Schwindt, CFA, Vice President -
Investor Relations, 813-915-2515, or Stuart D. Marvin, CPA, Chief
Financial Officer, 813-915-2548, both of IMC Mortgage Company
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