June 18, 1996

Marc Solomont Real Estate Finance

c/o Marc Solomont

10940 Wilshire Blvd., Suite #1540

Los Angeles, Ca  90024

RE: Preferred Broker Status

Dear Marc,

The Staff and I would like to thank you for your continued dedication to Bank of America Mortgage and our service.  It has and will continue to be a pleasure working with you and your organization.

It should be noted that your company is still in the top echelon of our approved mortgage brokers and  bankers.  Currently, your firm ranks in the top 3 in dollars funded and total units closed.  This is an incredible accomplishment considering the relative size of your firm compared to that of other correspondents.

Your firm's processing and overall packaging meets and often exceeds our expectations.  For these and numerous other reasons, we are renewing your Preferred Broker status which provides you with reduced fees and priority underwriting, document preparation, and funding.  We look forward to maintaining and also expanding our relationship in the following years.

Sincerely Yours,

Tony Rodriguez

Account Executive

Greater Los Angeles Area