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Previous: STRONG DISCOVERY FUND INC, 497, 1997-01-03 |
Next: REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-A, 10-Q, 1997-01-03 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report : December 26, 1996
(Date of earliest event reported)
Commission File No.: 33-72966
The Prudential Home Mortgage Securities Company, Inc.
Delaware 43-1490160
(State of Incorporation) (I.R.S. Employer
Identification No.)
5325 Spectrum Drive
Frederick, Maryland 21703
Address of principal executive offices (Zip Code)
(301) 846-8199
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5. Other Events
On December 26, 1996 a distribution was made to holders of
certain series of Mortgage Pass-Through Certificates that were
sold by the registrant during the current year.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-1, relating to the
December 26,1996 distribution
(EX-99.2) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-2, relating to the
December 26,1996 distribution
(EX-99.3) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-3, relating to the
December 26,1996 distribution
(EX-99.4) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-4, relating to the
December 26,1996 distribution
(EX-99.5) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-5, relating to the
December 26,1996 distribution
(EX-99.6) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-6, relating to the
December 26,1996 distribution
(EX-99.7) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-7, relating to the
December 26,1996 distribution
(EX-99.8) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-8, relating to the
December 26,1996 distribution
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
THE PRUDENTIAL HOME MORTGAGE SECURITIES COMPANY, INC.
December 30, 1996 by /s/ SHERRI J. SHARPS, AS ATTORNEY-IN-FACT
Sherri J. Sharps
Vice President, Norwest Bank Minnesota, N.A.
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-1, relating to the
December 26,1996 distribution
(EX-99.2) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-2, relating to the
December 26,1996 distribution
(EX-99.3) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-3, relating to the
December 26,1996 distribution
(EX-99.4) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-4, relating to the
December 26,1996 distribution
(EX-99.5) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-5, relating to the
December 26,1996 distribution
(EX-99.6) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-6, relating to the
December 26,1996 distribution
(EX-99.7) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-7, relating to the
December 26,1996 distribution
(EX-99.8) Monthly report distributed to holders of Mortgage Pass-
Through Certificates, Series 1996-8, relating to the
December 26,1996 distribution
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-1
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UVC5 7.40000 51,223,000.00 43,493,011.14 0.84909145
A-2 74434UVD3 6.61000 52,537,000.00 44,608,717.30 0.84909145
A-3 74434UVE1 7.00000 30,425,000.00 30,425,000.00 1.00000000
A-4 74434UVF8 7.00000 19,433,000.00 19,433,000.00 1.00000000
A-5 74434UVG6 7.00000 5,000,000.00 5,000,000.00 1.00000000
A-6 74434UVH4 7.00000 10,000,000.00 9,912,141.40 0.99121414
A-R 74434UVJ0 7.00000 1,000.00 0.00 0.00000000
AP 74434UVK7 0.00000 522,201.33 469,420.58 0.89892644
M 74434UVL5 7.00000 4,534,000.00 4,494,164.91 0.99121414
B-1 74434UVM3 7.00000 3,175,000.00 3,147,104.89 0.99121414
B-2 74434UVN1 7.00000 1,360,000.00 1,348,051.23 0.99121414
B-3 74434UVQ4 7.00000 1,451,000.00 1,438,251.72 0.99121414
B-4 74434UVR2 7.00000 816,000.00 808,830.74 0.99121414
B-5 74434UVS0 7.00000 907,741.82 899,766.53 0.99121414
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 59,494.78 1,194,501.19 0.00 0.00 0.00 1,253,995.97
A-2 61,020.98 1,225,143.18 0.00 0.00 0.00 1,286,164.16
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 8,216.91 0.00 0.00 0.00 0.00 8,216.91
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 474.15 20.77 0.00 0.00 0.00 494.92
M 3,725.55 0.00 0.00 0.00 0.00 3,725.55
B-1 2,608.87 0.00 0.00 0.00 0.00 2,608.87
B-2 1,117.50 0.00 0.00 0.00 0.00 1,117.50
B-3 1,192.27 0.00 0.00 0.00 0.00 1,192.27
B-4 670.50 0.00 0.00 0.00 0.00 670.50
B-5 745.88 0.00 0.00 0.00 0.00 745.88
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 275,939.88 0.00 0.00 0.00 86.63
A-2 252,804.31 0.00 0.00 0.00 79.37
A-3 177,479.17 0.00 0.00 0.00 55.72
A-4 113,359.17 0.00 0.00 0.00 35.59
A-5 29,166.67 0.00 0.00 0.00 9.16
A-6 57,868.76 0.00 0.00 0.00 18.17
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 26,237.69 0.00 0.00 0.00 8.21
B-1 18,373.33 0.00 0.00 0.00 5.75
B-2 7,870.15 0.00 0.00 0.00 2.46
B-3 8,396.76 0.00 0.00 0.00 2.63
B-4 4,722.09 0.00 0.00 0.00 1.48
B-5 5,252.99 0.00 0.00 0.00 1.64
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 43,493,011.14 0.00 275,853.25
A-2 0.00 44,608,717.30 0.00 252,724.94
A-3 0.00 30,425,000.00 0.00 177,423.45
A-4 0.00 19,433,000.00 0.00 113,323.58
A-5 0.00 5,000,000.00 0.00 29,157.51
A-6 0.00 9,912,141.40 0.00 57,850.59
A-R 0.00 0.00 0.00 9.83
AP 0.00 469,420.58 0.00 0.00
M 0.00 4,494,164.91 0.00 26,229.48
B-1 0.00 3,147,104.89 0.00 18,367.58
B-2 0.00 1,348,051.23 0.00 7,867.69
B-3 0.00 1,438,251.72 0.00 8,394.13
B-4 0.00 808,830.74 0.00 4,720.61
B-5 0.00 899,766.53 0.00 5,251.34
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 1,844.99
Servicing Fee Support 1,538.18
Non-Supported Prepayment Interest Shortfall 306.81
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 28,147.22
Master Servicing Fee 2,800.58
Supported Prepayment/Curtailment Interest Shortfall 1,538.18
Net Servicing Fees 29,409.61
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 188,919.02
Current Period Advances By Servicer 0.00
Reimbursement of Advances 188,919.02
Ending Cumulative Advances 0.00
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 0 0.00
60 Days 1 312,590.65
90+ Days 0 0.00
Foreclosure 0 0.00
REO 0 0.00
Totals 1 312,590.65
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 45,675.02
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 171.87
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed Ratio Strip
Weighted Average Gross Coupon 7.638930%
Weighted Average Pass-Through Rate 7.000000%
Weighted Average Maturity (Stepdown Calculation) 342 Months
Beginning Scheduled Collateral Loan Count 605
Number of Loans Paid in Full 9
Ending Scheduled Collateral Loan Count 596
Beginning Scheduled Collateral Balance 168,036,392.96
Ending Scheduled Collateral Balance 165,477,460.43
Ending Actual Collateral Balance at 29-Nov-1996 166,411,650.69
Monthly P&I Constant 1,149,610.31
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.05513137% 100,000.00 0.06043119%
Fraud 3,627,698.91 2.00000003% 3,627,698.91 2.19226165%
Special Hazard 2,031,879.96 1.12020321% 2,031,879.96 1.22788926%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 12,243,741.82 6.75014233% 12,136,170.02 7.33403207%
M 7,709,741.82 4.25048611% 7,642,005.11 4.61815470%
B-1 4,534,741.82 2.50006519% 4,494,900.22 2.71632173%
B-2 3,174,741.82 1.75027859% 3,146,848.99 1.90167832%
B-3 1,723,741.82 0.95032244% 1,708,597.27 1.03252568%
B-4 907,741.82 0.50045048% 899,766.53 0.54373963%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-2
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UWU4 7.25000 9,667,860.00 8,834,074.67 0.91375699
A-2 74434UWV2 7.25000 9,810,363.00 9,810,363.00 1.00000000
A-3 74434UWW0 7.25000 20,750,000.00 20,750,000.00 1.00000000
A-4 74434UWX8 7.25000 21,800,000.00 21,800,000.00 1.00000000
A-5 74434UWY6 7.25000 39,857,900.00 39,573,374.51 0.99286150
A-6 74434UWZ3 7.00000 4,996,513.00 4,579,620.45 0.91656330
A-7 74434UXR0 7.45000 57,959,566.00 53,123,610.41 0.91656329
A-8 74434UXA7 7.25000 44,500,000.00 39,305,253.30 0.88326412
A-9 74434UXB5 7.25000 5,250,000.00 5,250,000.00 1.00000000
A-10 74434UXC3 7.25000 5,000,000.00 5,000,000.00 1.00000000
A-11 74434UXD1 7.00000 5,325,000.00 5,325,000.00 1.00000000
A-12 74434UXE9 8.00000 1,775,000.00 1,775,000.00 1.00000000
A-13 74434UXF6 7.00000 3,000,000.00 3,000,000.00 1.00000000
A-14 74434UXG4 7.05000 59,689,996.00 54,709,659.26 0.91656329
A-15 74434UXH2 7.40000 60,962,267.00 56,186,453.86 0.92165952
A-16 74434UXJ8 6.85000 9,993,028.00 8,826,483.07 0.88326412
A-17 74434UXK5 8.00000 1,000,000.00 1,000,000.00 1.00000000
A-18 74434UXL3 6.65000 4,996,514.00 4,413,241.54 0.88326412
A-19 74434UXM1 7.45000 9,993,028.00 8,826,483.07 0.88326412
A-20 74434UXN9 7.13500 22,251,865.00 22,251,865.00 1.00000000
A-R 74434UXP4 7.25000 100.00 0.00 0.00000000
AP 74434UXQ2 0.00000 377,400.60 372,789.41 0.98778171
B-1 74434UYH1 7.25000 10,639,000.00 10,563,053.53 0.99286150
B-2 74434UYJ7 7.25000 4,255,000.00 4,224,625.70 0.99286150
B-3 74434UYK4 7.25000 3,192,000.00 3,169,213.92 0.99286150
B-4 74434UYL2 7.25000 4,468,000.00 4,436,105.20 0.99286150
B-5 74434UYM0 7.25000 1,915,000.00 1,901,329.78 0.99286150
B-6 74434UYN8 7.25000 2,128,275.14 2,113,082.45 0.99286150
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 8,847.08 102,949.30 0.00 0.00 0.00 111,796.38
A-2 0.00 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 29,782.55 0.00 0.00 0.00 0.00 29,782.55
A-6 4,423.54 51,474.64 0.00 0.00 0.00 55,898.17
A-7 51,313.06 597,106.04 0.00 0.00 0.00 648,419.09
A-8 55,120.09 641,406.76 0.00 0.00 0.00 696,526.86
A-9 0.00 0.00 0.00 0.00 0.00 0.00
A-10 0.00 0.00 0.00 0.00 0.00 0.00
A-11 0.00 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00 0.00
A-13 0.00 0.00 0.00 0.00 0.00 0.00
A-14 52,845.05 614,933.10 0.00 0.00 0.00 667,778.14
A-15 50,674.90 589,680.12 0.00 0.00 0.00 640,355.02
A-16 12,377.90 144,035.86 0.00 0.00 0.00 156,413.76
A-17 0.00 0.00 0.00 0.00 0.00 0.00
A-18 6,188.95 72,017.93 0.00 0.00 0.00 78,206.88
A-19 12,377.90 144,035.86 0.00 0.00 0.00 156,413.76
A-20 0.00 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 324.58 49.76 0.00 0.00 0.00 374.35
B-1 7,949.65 0.00 0.00 0.00 0.00 7,949.65
B-2 3,179.41 0.00 0.00 0.00 0.00 3,179.41
B-3 2,385.12 0.00 0.00 0.00 0.00 2,385.12
B-4 3,338.57 0.00 0.00 0.00 0.00 3,338.57
B-5 1,430.92 0.00 0.00 0.00 0.00 1,430.92
B-6 1,581.46 0.00 0.00 0.00 8.82 1,581.46
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 54,047.97 0.00 0.00 0.00 0.00
A-2 59,270.94 0.00 0.00 0.00 0.00
A-3 125,364.58 0.00 0.00 0.00 0.00
A-4 131,708.33 0.00 0.00 0.00 0.00
A-5 239,269.07 0.00 0.00 0.00 0.00
A-6 27,040.53 0.00 0.00 0.00 0.00
A-7 333,834.68 0.00 0.00 0.00 0.00
A-8 241,677.42 0.00 0.00 0.00 0.00
A-9 31,718.75 0.00 0.00 0.00 0.00
A-10 30,208.33 0.00 0.00 0.00 0.00
A-11 31,062.50 0.00 0.00 0.00 0.00
A-12 11,833.33 0.00 0.00 0.00 0.00
A-13 17,500.00 0.00 0.00 0.00 0.00
A-14 325,342.44 0.00 0.00 0.00 0.00
A-15 350,431.99 0.00 0.00 0.00 0.00
A-16 51,277.37 0.00 0.00 0.00 0.00
A-17 6,666.67 0.00 0.00 0.00 0.00
A-18 24,890.11 0.00 0.00 0.00 0.00
A-19 55,768.82 0.00 0.00 0.00 0.00
A-20 132,305.88 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
B-1 63,866.48 0.00 0.00 0.00 0.00
B-2 25,542.99 0.00 0.00 0.00 0.00
B-3 19,161.74 0.00 0.00 0.00 0.00
B-4 26,821.64 0.00 0.00 0.00 0.00
B-5 11,495.85 0.00 0.00 0.00 0.00
B-6 12,776.15 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 8,834,074.67 0.00 54,047.97
A-2 0.00 9,810,363.00 0.00 59,270.94
A-3 0.00 20,750,000.00 0.00 125,364.58
A-4 0.00 21,800,000.00 0.00 131,708.33
A-5 0.00 39,573,374.51 0.00 239,269.07
A-6 0.00 4,579,620.45 0.00 27,040.53
A-7 0.00 53,123,610.41 0.00 333,834.68
A-8 0.00 39,305,253.30 0.00 241,677.42
A-9 0.00 5,250,000.00 0.00 31,718.75
A-10 0.00 5,000,000.00 0.00 30,208.33
A-11 0.00 5,325,000.00 0.00 31,062.50
A-12 0.00 1,775,000.00 0.00 11,833.33
A-13 0.00 3,000,000.00 0.00 17,500.00
A-14 0.00 54,709,659.26 0.00 325,342.44
A-15 0.00 56,186,453.86 0.00 350,431.99
A-16 0.00 8,826,483.07 0.00 51,277.37
A-17 0.00 1,000,000.00 0.00 6,666.67
A-18 0.00 4,413,241.54 0.00 24,890.11
A-19 0.00 8,826,483.07 0.00 55,768.82
A-20 0.00 22,251,865.00 0.00 132,305.88
A-R 0.00 0.00 0.00 0.00
AP 0.00 372,789.41 0.00 0.00
B-1 0.00 10,563,053.53 0.00 63,866.48
B-2 0.00 4,224,625.70 0.00 25,542.99
B-3 0.00 3,169,213.92 0.00 19,161.74
B-4 0.00 4,436,105.20 0.00 26,821.64
B-5 0.00 1,901,329.78 0.00 11,495.85
B-6 0.00 2,113,082.45 0.00 12,776.15
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 4,147.29
Servicing Fee Support 4,147.29
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 71,279.21
Master Servicing Fee 6,739.64
Supported Prepayment/Curtailment Interest Shortfall 4,147.29
Net Servicing Fees 73,871.55
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 508,662.75
Current Period Advances By Servicer 62,241.15
Reimbursement of Advances 508,662.75
Ending Cumulative Advances 62,241.15
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 7 1,836,802.53
60 Days 1 99,291.85
90+ Days 0 0.00
Foreclosure 3 860,457.58
REO 1 185,700.78
Totals 12 2,982,252.74
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 680,398.46
Current Period Realized Loss - Includes Interest Shortfall 8.82
Cumulative Realized Losses - Includes Interest Shortfall 1,370.40
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed Ratio Strip
Weighted Average Gross Coupon 8.098196%
Weighted Average Pass-Through Rate 7.250000%
Weighted Average Maturity (Stepdown Calculation) 347 Months
Beginning Scheduled Collateral Loan Count 1,643
Number of Loans Paid in Full 10
Ending Scheduled Collateral Loan Count 1,633
Beginning Scheduled Collateral Balance 404,382,521.06
Ending Scheduled Collateral Balance 401,120,682.12
Ending Actual Collateral Balance at 29-Nov-1996 402,699,292.68
Monthly P&I Constant 2,824,929.83
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 153,035.91 0.03596160% 153,035.91 0.03815209%
Fraud 8,511,073.51 2.00000000% 8,511,073.51 2.12182365%
Special Hazard 4,256,324.91 1.00018521% 4,256,324.91 1.06110831%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 26,597,275.14 6.25004004% 26,407,410.58 6.58340788%
B-1 15,958,275.14 3.75000289% 15,844,357.05 3.95002246%
B-2 11,703,275.14 2.75012902% 11,619,731.35 2.89681681%
B-3 8,511,275.14 2.00004738% 8,450,517.43 2.10672693%
B-4 4,043,275.14 0.95012107% 4,014,412.23 1.00079911%
B-5 2,128,275.14 0.50011908% 2,113,082.45 0.52679469%
B-6 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Account Beginning Current Period Current Period Ending
Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
A-11 Rounding Account 999.99 0.00 0.00 999.99
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-3
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UXU3 6.75000 5,051,000.00 4,644,925.07 0.91960504
A-2 74434UXV1 6.75000 27,033,000.00 23,678,295.32 0.87590335
A-3 74434UXW9 6.75000 58,855,000.00 54,427,231.61 0.92476819
A-4 74434UXX7 6.75000 10,915,000.00 10,915,000.00 1.00000000
A-5 74434UXY5 6.75000 18,000,000.00 17,413,119.11 0.96739551
A-R 74434UYD0 6.75000 100.00 0.00 0.00000000
AP 74434UXZ2 0.00000 647,572.74 615,609.17 0.95064096
M 74434UYA6 6.75000 1,249,000.00 1,208,276.99 0.96739551
B-1 74434UYB4 6.75000 1,249,000.00 1,208,276.99 0.96739551
B-2 74434UYC2 6.75000 624,000.00 603,654.80 0.96739551
B-3 74434UYE8 6.75000 562,000.00 543,676.27 0.96739550
B-4 74434UYF5 6.75000 312,000.00 301,827.40 0.96739551
B-5 74434UYG3 6.75000 375,241.61 363,007.05 0.96739551
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 16,418.16 16,801.02 0.00 0.00 0.00 33,219.18
A-2 135,635.29 138,798.16 0.00 0.00 0.00 274,433.45
A-3 179,020.72 183,195.29 0.00 0.00 0.00 362,216.02
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 61,327.38 0.00 0.00 0.00 0.00 61,327.38
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 2,328.37 161.68 0.00 0.00 0.00 2,490.05
M 4,255.44 0.00 0.00 0.00 0.00 4,255.44
B-1 4,255.44 0.00 0.00 0.00 0.00 4,255.44
B-2 2,126.02 0.00 0.00 0.00 0.00 2,126.02
B-3 1,914.78 0.00 0.00 0.00 0.00 1,914.78
B-4 1,063.01 0.00 0.00 0.00 0.00 1,063.01
B-5 1,239.35 0.00 0.00 0.00 39.13 1,239.35
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 26,314.56 0.00 0.00 0.00 0.00
A-2 134,734.10 0.00 0.00 0.00 0.00
A-3 308,190.64 0.00 0.00 0.00 0.00
A-4 61,396.88 0.00 0.00 0.00 0.00
A-5 98,293.76 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 6,820.49 0.00 0.00 0.00 0.00
B-1 6,820.49 0.00 0.00 0.00 0.00
B-2 3,407.52 0.00 0.00 0.00 0.00
B-3 3,068.95 0.00 0.00 0.00 0.00
B-4 1,703.76 0.00 0.00 0.00 0.00
B-5 2,049.11 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 4,644,925.07 0.00 26,314.56
A-2 0.00 23,678,295.32 0.00 134,734.10
A-3 0.00 54,427,231.61 0.00 308,190.64
A-4 0.00 10,915,000.00 0.00 61,396.87
A-5 0.00 17,413,119.11 0.00 98,293.76
A-R 0.00 0.00 0.00 0.00
AP 0.00 615,609.17 0.00 0.00
M 0.00 1,208,276.99 0.00 6,820.49
B-1 0.00 1,208,276.99 0.00 6,820.49
B-2 0.00 603,654.80 0.00 3,407.52
B-3 0.00 543,676.27 0.00 3,068.95
B-4 0.00 301,827.40 0.00 1,703.76
B-5 0.00 363,007.05 0.00 2,049.11
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 495.15
Servicing Fee Support 495.15
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 19,809.81
Master Servicing Fee 1,944.38
Supported Prepayment/Curtailment Interest Shortfall 495.15
Net Servicing Fees 21,259.04
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 183,586.77
Current Period Advances By Servicer 47,260.92
Reimbursement of Advances 183,586.77
Ending Cumulative Advances 47,260.92
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 0 0.00
60 Days 0 0.00
90+ Days 0 0.00
Foreclosure 1 367,500.00
REO 0 0.00
Totals 1 367,500.00
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 121,031.50
Current Period Realized Loss - Includes Interest Shortfall 39.13
Cumulative Realized Losses - Includes Interest Shortfall 2,469.15
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 15 Year Ratio Strip
Weighted Average Gross Coupon 7.423121%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 168 Months
Beginning Scheduled Collateral Loan Count 453
Number of Loans Paid in Full 2
Ending Scheduled Collateral Loan Count 451
Beginning Scheduled Collateral Balance 116,671,479.01
Ending Scheduled Collateral Balance 115,922,899.77
Ending Actual Collateral Balance at 29-Nov-1996 116,289,920.61
Monthly P&I Constant 1,085,035.80
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.08008142% 100,000.00 0.08626423%
Fraud 2,497,707.01 2.00019918% 2,497,707.01 2.15462779%
Special Hazard 1,987,480.00 1.59160216% 1,987,480.00 1.71448437%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 4,371,241.61 3.50055225% 4,228,719.50 3.64787243%
M 3,122,241.61 2.50033534% 3,020,442.51 2.60556156%
B-1 1,873,241.61 1.50011844% 1,812,165.52 1.56325068%
B-2 1,249,241.61 1.00041039% 1,208,510.72 1.04251250%
B-3 687,241.61 0.55035282% 664,834.45 0.57351434%
B-4 375,241.61 0.30049880% 363,007.05 0.31314525%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-4
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UYQ1 6.50000 134,516,000.00 128,481,408.29 0.95513848
A-2 74434UYR9 6.50000 10,000,000.00 10,000,000.00 1.00000000
A-3 74434UYS7 7.00000 10,530,000.00 10,530,000.00 1.00000000
A-4 74434UYT5 0.00000 810,000.00 810,000.00 1.00000000
A-5 74434UYU2 6.50000 9,900,000.00 9,828,545.00 0.99278232
A-R 74434UYV0 6.50000 1,000.00 0.00 0.00000000
AP 74434UYW8 0.00000 27,206.22 26,929.63 0.98983357
M 74434UYX6 6.50000 4,409,000.00 4,377,177.26 0.99278232
B-1 74434UYY4 6.50000 1,764,000.00 1,751,268.02 0.99278232
B-2 74434UYZ1 6.50000 1,322,000.00 1,312,458.23 0.99278232
B-3 74434UZW7 6.50000 1,500,000.00 1,489,173.48 0.99278232
B-4 74434UZX5 6.50000 793,000.00 787,276.38 0.99278232
B-5 74434UZY3 6.50000 794,392.15 788,658.48 0.99278232
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 124,971.24 1,304,112.65 0.00 0.00 0.00 1,429,083.88
A-2 0.00 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 8,127.58 0.00 0.00 0.00 0.00 8,127.58
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 25.54 4.66 0.00 0.00 0.00 30.21
M 3,619.65 0.00 0.00 0.00 0.00 3,619.65
B-1 1,448.19 0.00 0.00 0.00 0.00 1,448.19
B-2 1,085.32 0.00 0.00 0.00 0.00 1,085.32
B-3 1,231.45 0.00 0.00 0.00 0.00 1,231.45
B-4 651.03 0.00 0.00 0.00 0.00 651.03
B-5 430.84 0.00 0.00 0.00 221.33 430.84
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 703,681.83 0.00 0.00 0.00 0.00
A-2 54,166.67 0.00 0.00 0.00 0.00
A-3 61,425.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00
A-5 53,281.98 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 23,729.32 0.00 0.00 0.00 0.00
B-1 9,493.88 0.00 0.00 0.00 0.00
B-2 7,115.03 0.00 0.00 0.00 0.00
B-3 8,073.03 0.00 0.00 0.00 0.00
B-4 4,267.94 0.00 0.00 0.00 0.00
B-5 4,275.43 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 128,481,408.29 0.00 703,681.83
A-2 0.00 10,000,000.00 0.00 54,166.67
A-3 0.00 10,530,000.00 0.00 61,425.00
A-4 0.00 810,000.00 0.00 0.00
A-5 0.00 9,828,545.00 0.00 53,281.98
A-R 0.00 0.00 0.00 0.00
AP 0.00 26,929.63 0.00 0.00
M 0.00 4,377,177.26 0.00 23,729.32
B-1 0.00 1,751,268.02 0.00 9,493.88
B-2 0.00 1,312,458.23 0.00 7,115.03
B-3 0.00 1,489,173.48 0.00 8,073.03
B-4 0.00 787,276.38 0.00 4,267.94
B-5 0.00 788,658.48 0.00 4,275.43
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 761.66
Servicing Fee Support 761.66
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 28,820.84
Master Servicing Fee 2,860.46
Supported Prepayment/Curtailment Interest Shortfall 761.66
Net Servicing Fees 30,919.65
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 180,572.33
Current Period Advances By Servicer 8,535.74
Reimbursement of Advances 180,572.33
Ending Cumulative Advances 8,535.74
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 1 238,031.24
60 Days 0 0.00
90+ Days 0 0.00
Foreclosure 0 0.00
REO 0 0.00
Totals 1 238,031.24
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 66,208.48
Current Period Realized Loss - Includes Interest Shortfall 221.33
Cumulative Realized Losses - Includes Interest Shortfall 2,050.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year Ratio Strip
Weighted Average Gross Coupon 7.369874%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity (Stepdown Calculation) 348 Months
Beginning Scheduled Collateral Loan Count 588
Number of Loans Paid in Full 5
Ending Scheduled Collateral Loan Count 583
Beginning Scheduled Collateral Balance 171,628,824.26
Ending Scheduled Collateral Balance 170,182,894.78
Ending Actual Collateral Balance at 29-Nov-1996 170,831,064.95
Monthly P&I Constant 1,103,822.98
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.05670008% 100,000.00 0.05876031%
Fraud 3,527,342.14 2.00000577% 3,527,342.14 2.07267725%
Special Hazard 1,763,671.07 1.00000288% 1,763,671.07 1.03633862%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 10,582,392.15 6.00022467% 10,506,011.85 6.17336535%
M 6,173,392.15 3.50031820% 6,128,834.59 3.60132233%
B-1 4,409,392.15 2.50012882% 4,377,566.57 2.57227178%
B-2 3,087,392.15 1.75055378% 3,065,108.34 1.80106722%
B-3 1,587,392.15 0.90005260% 1,575,934.86 0.92602424%
B-4 794,392.15 0.45042097% 788,658.48 0.46341818%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Account Beginning Current Period Current Period Ending
Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
A-3 Financial Guaranty 0.00 0.00 0.00 0.00
A-3 Rounding Account 999.99 0.00 0.00 999.99
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-5
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UZD9 7.25000 84,986,890.00 80,157,236.77 0.94317179
A-2 74434UZE7 7.25000 4,900,000.00 4,900,000.00 1.00000000
A-3 74434UZF4 7.25000 7,000,000.00 7,000,000.00 1.00000000
A-4 74434UZG2 7.25000 22,132,100.00 22,132,100.00 1.00000000
A-5 74434UZH0 7.25000 12,975,050.00 12,890,505.40 0.99348406
A-6 74434UZJ6 7.25000 12,975,050.00 12,890,505.40 0.99348406
A-7 74434UZK3 8.00000 22,144,779.00 20,886,330.84 0.94317179
A-8 74434UZL1 7.00000 19,972,347.00 18,837,354.20 0.94317179
A-9 74434UZM9 7.25000 13,103,000.00 13,103,000.00 1.00000000
A-10 74434UZN7 7.05000 47,781,684.00 44,411,193.44 0.92946062
A-11 74434UZP2 7.05000 7,262,000.00 7,262,000.00 1.00000000
A-12 74434UZQ0 7.05000 4,268,000.00 4,268,000.00 1.00000000
A-R 74434UZR8 7.25000 100.00 0.00 0.00000000
AP 74434UZS6 0.00000 909,987.42 891,392.45 0.97956568
M 74434UZT4 7.25000 6,250,000.00 6,209,275.40 0.99348406
B-1 74434UZU1 7.25000 3,472,000.00 3,449,376.67 0.99348406
B-2 74434UZV9 7.25000 2,083,000.00 2,069,427.30 0.99348406
B-3 74434UZZ0 7.25000 2,778,000.00 2,759,898.73 0.99348406
B-4 74434UA20 7.25000 1,389,000.00 1,379,949.36 0.99348406
B-5 74434UA38 7.25000 1,388,926.01 1,379,875.86 0.99348407
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 76,810.20 1,325,118.77 0.00 0.00 0.00 1,401,928.97
A-2 0.00 0.00 0.00 0.00 0.00 0.00
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 9,615.44 0.00 0.00 0.00 0.00 9,615.44
A-6 9,615.44 0.00 0.00 0.00 0.00 9,615.44
A-7 20,014.20 345,282.20 0.00 0.00 0.00 365,296.40
A-8 18,050.78 311,409.58 0.00 0.00 0.00 329,460.36
A-9 0.00 0.00 0.00 0.00 0.00 0.00
A-10 53,603.86 924,766.25 0.00 0.00 0.00 978,370.11
A-11 0.00 0.00 0.00 0.00 0.00 0.00
A-12 0.00 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 801.75 205.89 0.00 0.00 0.00 1,007.65
M 4,631.70 0.00 0.00 0.00 0.00 4,631.70
B-1 2,573.00 0.00 0.00 0.00 0.00 2,573.00
B-2 1,543.65 0.00 0.00 0.00 0.00 1,543.65
B-3 2,058.70 0.00 0.00 0.00 0.00 2,058.70
B-4 1,029.35 0.00 0.00 0.00 0.00 1,029.35
B-5 1,029.29 0.00 0.00 0.00 0.00 1,029.29
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 492,753.29 0.00 0.00 0.00 0.00
A-2 29,604.17 0.00 0.00 0.00 0.00
A-3 42,291.67 0.00 0.00 0.00 0.00
A-4 133,714.77 0.00 0.00 0.00 0.00
A-5 77,938.23 0.00 0.00 0.00 0.00
A-6 77,938.23 0.00 0.00 0.00 0.00
A-7 141,677.51 0.00 0.00 0.00 0.00
A-8 111,806.42 0.00 0.00 0.00 0.00
A-9 79,163.96 0.00 0.00 0.00 0.00
A-10 266,663.69 0.00 0.00 0.00 0.00
A-11 42,664.25 0.00 0.00 0.00 0.00
A-12 25,074.50 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 37,542.36 0.00 0.00 0.00 0.00
B-1 20,855.53 0.00 0.00 0.00 0.00
B-2 12,512.12 0.00 0.00 0.00 0.00
B-3 16,686.83 0.00 0.00 0.00 0.00
B-4 8,343.41 0.00 0.00 0.00 0.00
B-5 8,342.97 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 80,157,236.77 0.00 492,753.29
A-2 0.00 4,900,000.00 0.00 29,604.17
A-3 0.00 7,000,000.00 0.00 42,291.67
A-4 0.00 22,132,100.00 0.00 133,714.77
A-5 0.00 12,890,505.40 0.00 77,938.23
A-6 0.00 12,890,505.40 0.00 77,938.23
A-7 0.00 20,886,330.84 0.00 141,677.51
A-8 0.00 18,837,354.20 0.00 111,806.42
A-9 0.00 13,103,000.00 0.00 79,163.96
A-10 0.00 44,411,193.44 0.00 266,663.69
A-11 0.00 7,262,000.00 0.00 42,664.25
A-12 0.00 4,268,000.00 0.00 25,074.50
A-R 0.00 0.00 0.00 216.46
AP 0.00 891,392.45 0.00 0.00
M 0.00 6,209,275.40 0.00 37,542.36
B-1 0.00 3,449,376.67 0.00 20,855.53
B-2 0.00 2,069,427.30 0.00 12,512.12
B-3 0.00 2,759,898.73 0.00 16,686.83
B-4 0.00 1,379,949.36 0.00 8,343.41
B-5 0.00 1,379,875.86 0.00 8,342.97
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 2,760.00
Servicing Fee Support 2,760.00
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 47,737.34
Master Servicing Fee 4,499.69
Supported Prepayment/Curtailment Interest Shortfall 2,760.00
Net Servicing Fees 49,477.03
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 278,043.56
Current Period Advances By Servicer 24,289.10
Reimbursement of Advances 278,043.56
Ending Cumulative Advances 24,289.10
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 7 1,472,007.17
60 Days 0 0.00
90+ Days 1 230,715.98
Foreclosure 1 298,643.05
REO 0 0.00
Totals 9 2,001,366.20
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 475,969.85
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed Ratio Strip
Weighted Average Gross Coupon 7.981986%
Weighted Average Pass-Through Rate 7.250000%
Weighted Average Maturity (Stepdown Calculation) 348 Months
Beginning Scheduled Collateral Loan Count 1,054
Number of Loans Paid in Full 9
Ending Scheduled Collateral Loan Count 1,045
Beginning Scheduled Collateral Balance 269,985,581.86
Ending Scheduled Collateral Balance 266,877,421.81
Ending Actual Collateral Balance at 29-Nov-1996 268,672,266.01
Monthly P&I Constant 1,883,207.09
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 104,046.98 0.03745770% 104,046.98 0.03898680%
Fraud 5,556,876.51 2.00051778% 5,556,876.51 2.08218308%
Special Hazard 2,778,438.25 1.00025889% 2,778,438.25 1.04109154%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 17,360,926.01 6.25006531% 17,247,803.32 6.46281847%
M 11,110,926.01 4.00001781% 11,038,527.92 4.13617902%
B-1 7,638,926.01 2.75007142% 7,589,151.25 2.84368426%
B-2 5,555,926.01 2.00017559% 5,519,723.95 2.06826187%
B-3 2,777,926.01 1.00007448% 2,759,825.22 1.03411716%
B-4 1,388,926.01 0.50002392% 1,379,875.86 0.51704481%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-6
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UC44 6.00000 44,997,000.00 42,064,626.04 0.93483179
A-2 74434UC51 6.87500 16,760,000.00 16,760,000.00 1.00000000
A-3 74434UC69 7.25000 37,500,000.00 35,373,233.36 0.94328622
A-4 74434UD35 2.80930 70,090,413.28 70,442,102.89 1.00501766
A-5 74434UC77 7.25000 14,793,800.00 13,820,344.19 0.93419839
A-6 74434UC85 7.25000 15,000,000.00 14,907,603.63 0.99384024
A-R 74434UC93 7.25000 100.00 93.42 0.93420000
A-LR 74434UD27 7.25000 100.00 93.42 0.93420000
B-1 74434UD43 7.25000 4,779,000.00 4,749,562.52 0.99384024
B-2 74434UD50 7.25000 3,186,000.00 3,166,375.01 0.99384024
B-3 74434UD68 7.25000 1,062,000.00 1,055,458.34 0.99384024
B-4 74434UD76 7.25000 2,125,000.00 2,111,910.51 0.99384024
B-5 74434UD84 7.25000 1,062,000.00 1,055,458.34 0.99384024
B-6 74434UD92 7.25000 1,062,196.34 1,055,653.47 0.99384024
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 138,021.75 420,805.36 0.00 0.00 0.00 558,827.10
A-2 0.00 0.00 0.00 0.00 0.00 0.00
A-3 35,524.09 108,307.05 0.00 0.00 0.00 143,831.15
A-4 24,510.41 69,952.96 (223,405.87) 0.00 0.00 (128,942.50)
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 11,889.66 0.00 0.00 0.00 0.00 11,889.66
A-R 0.00 0.00 0.00 0.00 0.00 0.00
A-LR 0.00 0.00 0.00 0.00 0.00 0.00
B-1 3,788.05 0.00 0.00 0.00 0.00 3,788.05
B-2 2,525.36 0.00 0.00 0.00 0.00 2,525.36
B-3 841.79 0.00 0.00 0.00 0.00 841.79
B-4 1,684.37 0.00 0.00 0.00 0.00 1,684.37
B-5 841.79 0.00 0.00 0.00 0.00 841.79
B-6 806.98 0.00 0.00 0.00 34.97 806.98
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 213,117.27 0.00 0.00 0.00 0.00
A-2 96,020.83 0.00 0.00 0.00 0.00
A-3 214,582.26 0.00 0.00 0.00 0.00
A-4 518,254.93 0.00 0.00 0.00 0.00
A-5 83,497.91 0.00 0.00 0.00 0.00
A-6 90,138.61 0.00 0.00 0.00 0.00
A-R 0.56 0.00 0.00 0.00 0.00
A-LR 0.56 0.00 0.00 0.00 0.00
B-1 28,718.16 0.00 0.00 0.00 0.00
B-2 19,145.44 0.00 0.00 0.00 0.00
B-3 6,381.81 0.00 0.00 0.00 0.00
B-4 12,769.64 0.00 0.00 0.00 0.00
B-5 6,381.81 0.00 0.00 0.00 0.00
B-6 6,382.99 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 42,064,626.04 0.00 213,117.27
A-2 0.00 16,760,000.00 0.00 96,020.83
A-3 0.00 35,373,233.36 0.00 214,582.26
A-4 0.00 220,874,545.78 0.00 518,254.93
A-5 0.00 13,820,344.19 0.00 83,497.91
A-6 0.00 14,907,603.63 0.00 90,138.61
A-R 0.00 93.42 0.00 0.56
A-LR 0.00 93.42 0.00 0.56
B-1 0.00 4,749,562.52 0.00 28,718.16
B-2 0.00 3,166,375.01 0.00 19,145.44
B-3 0.00 1,055,458.34 0.00 6,381.81
B-4 0.00 2,111,910.51 0.00 12,769.64
B-5 0.00 1,055,458.34 0.00 6,381.81
B-6 0.00 1,055,653.47 0.00 6,382.99
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 1,488.61
Servicing Fee Support 1,488.61
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 35,690.48
Master Servicing Fee 3,452.55
Supported Prepayment/Curtailment Interest Shortfall 1,488.61
Net Servicing Fees 37,654.42
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 266,631.66
Current Period Advances By Servicer 45,373.54
Reimbursement of Advances 266,631.66
Ending Cumulative Advances 45,373.54
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 3 781,386.61
60 Days 2 444,948.95
90+ Days 0 0.00
Foreclosure 1 247,238.06
REO 0 0.00
Totals 6 1,473,573.62
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 261,910.52
Current Period Realized Loss - Includes Interest Shortfall 34.97
Cumulative Realized Losses - Includes Interest Shortfall 3,607.11
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 7.730530%
Weighted Average Pass-Through Rate 7.250000%
Weighted Average Maturity (Stepdown Calculation) 347 Months
Beginning Scheduled Collateral Loan Count 793
Number of Loans Paid in Full 2
Ending Scheduled Collateral Loan Count 791
Beginning Scheduled Collateral Balance 207,158,643.83
Ending Scheduled Collateral Balance 206,562,515.13
Ending Actual Collateral Balance at 29-Nov-1996 206,903,797.51
Monthly P&I Constant 1,500,048.38
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.04707708% 100,000.00 0.04841149%
Fraud 4,248,352.19 2.00000000% 4,248,352.19 2.05669077%
Special Hazard 2,143,632.20 1.00915936% 2,143,632.20 1.03776438%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 13,276,196.34 6.25004507% 13,194,418.19 6.38761499%
B-1 8,497,196.34 4.00023160% 8,444,855.67 4.08828081%
B-2 5,311,196.34 2.50035595% 5,278,480.66 2.55539136%
B-3 4,249,196.34 2.00039740% 4,223,022.32 2.04442820%
B-4 2,124,196.34 1.00000953% 2,111,111.81 1.02202077%
B-5 1,062,196.34 0.50005098% 1,055,653.47 0.51105762%
B-6 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-7
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UH98 6.75000 91,297,000.00 84,684,743.86 0.92757422
A-2 74434UJ21 6.75000 15,000,000.00 13,464,790.81 0.89765272
A-3 74434UJ39 6.75000 6,197,000.00 6,197,000.00 1.00000000
A-4 74434UJ47 6.75000 41,197,000.00 41,197,000.00 1.00000000
A-5 74434UJ54 6.75000 23,981,000.00 23,981,000.00 1.00000000
A-6 74434UJ62 6.75000 34,862,000.00 34,862,000.00 1.00000000
A-7 74434UJ70 6.75000 4,038,000.00 4,038,000.00 1.00000000
A-8 74434UJ88 6.75000 32,026,000.00 27,972,292.79 0.87342449
A-9 74434UJ96 6.75000 13,078,000.00 11,407,141.23 0.87223897
A-10 74434UK29 6.75000 31,000,000.00 30,286,563.22 0.97698591
A-R 74434UK37 6.75000 100.00 0.00 0.00000000
AP 74434UK45 0.00000 4,637,677.00 4,424,483.60 0.95403013
M 74434UK52 6.75000 4,633,000.00 4,526,375.72 0.97698591
B-1 74434UK60 6.75000 2,317,000.00 2,263,676.35 0.97698591
B-2 74434UK78 6.75000 772,000.00 754,233.12 0.97698591
B-3 74434UK86 6.75000 2,008,000.00 1,961,787.71 0.97698591
B-4 74434UK94 6.75000 926,000.00 904,688.95 0.97698591
B-5 74434UL28 6.75000 927,679.28 906,329.59 0.97698591
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 409,666.86 868,804.50 0.00 0.00 0.00 1,278,471.36
A-2 95,114.94 201,715.82 0.00 0.00 0.00 296,830.75
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-7 0.00 0.00 0.00 0.00 0.00 0.00
A-8 220,310.77 467,225.96 0.00 0.00 0.00 687,536.73
A-9 134,354.28 284,932.99 0.00 0.00 0.00 419,287.27
A-10 104,274.49 0.00 0.00 0.00 0.00 104,274.49
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 15,926.16 22,111.50 0.00 0.00 0.00 38,037.66
M 15,583.99 0.00 0.00 0.00 0.00 15,583.99
B-1 7,793.68 0.00 0.00 0.00 0.00 7,793.68
B-2 2,596.77 0.00 0.00 0.00 0.00 2,596.77
B-3 6,754.30 0.00 0.00 0.00 0.00 6,754.30
B-4 3,114.78 0.00 0.00 0.00 0.00 3,114.78
B-5 3,051.17 0.00 0.00 0.00 69.26 3,051.17
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 483,543.09 0.00 0.00 0.00 512.91
A-2 77,409.12 0.00 0.00 0.00 82.11
A-3 34,858.12 0.00 0.00 0.00 36.98
A-4 231,733.12 0.00 0.00 0.00 245.81
A-5 134,893.12 0.00 0.00 0.00 143.09
A-6 196,098.75 0.00 0.00 0.00 208.01
A-7 22,713.75 0.00 0.00 0.00 24.09
A-8 161,211.54 0.00 0.00 0.00 171.00
A-9 66,523.66 0.00 0.00 0.00 70.56
A-10 170,948.46 0.00 0.00 0.00 181.33
A-R 0.00 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 25,548.52 0.00 0.00 0.00 26.68
B-1 12,777.02 0.00 0.00 0.00 13.34
B-2 4,257.17 0.00 0.00 0.00 4.45
B-3 11,073.05 0.00 0.00 0.00 11.56
B-4 5,106.40 0.00 0.00 0.00 5.33
B-5 5,115.66 0.00 0.00 0.00 5.34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 84,684,743.86 0.00 483,030.17
A-2 0.00 13,464,790.81 0.00 77,327.01
A-3 0.00 6,197,000.00 0.00 34,821.15
A-4 0.00 41,197,000.00 0.00 231,487.32
A-5 0.00 23,981,000.00 0.00 134,750.04
A-6 0.00 34,862,000.00 0.00 195,890.74
A-7 0.00 4,038,000.00 0.00 22,689.66
A-8 0.00 27,972,292.79 0.00 161,040.54
A-9 0.00 11,407,141.23 0.00 66,453.10
A-10 0.00 30,286,563.22 0.00 170,767.13
A-R 0.00 0.00 0.00 0.00
AP 0.00 4,424,483.60 0.00 0.00
M 0.00 4,526,375.72 0.00 25,521.85
B-1 0.00 2,263,676.35 0.00 12,763.68
B-2 0.00 754,233.12 0.00 4,252.72
B-3 0.00 1,961,787.71 0.00 11,061.49
B-4 0.00 904,688.95 0.00 5,101.06
B-5 0.00 906,329.59 0.00 5,110.31
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 4,300.32
Servicing Fee Support 2,557.73
Non-Supported Prepayment Interest Shortfall 1,742.59
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 50,667.38
Master Servicing Fee 4,944.56
Supported Prepayment/Curtailment Interest Shortfall 2,557.73
Net Servicing Fees 53,054.21
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 260,411.58
Current Period Advances By Servicer 0.00
Reimbursement of Advances 260,411.58
Ending Cumulative Advances 0.00
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 0 0.00
60 Days 0 0.00
90+ Days 0 0.00
Foreclosure 0 0.00
REO 0 0.00
Totals 0 0.00
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 302,149.41
Current Period Realized Loss - Includes Interest Shortfall 69.26
Cumulative Realized Losses - Includes Interest Shortfall 1,458.81
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 15 Year Ratio Strip
Weighted Average Gross Coupon 7.135525%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 170 Months
Beginning Scheduled Collateral Loan Count 1,046
Number of Loans Paid in Full 4
Ending Scheduled Collateral Loan Count 1,042
Beginning Scheduled Collateral Balance 296,695,509.16
Ending Scheduled Collateral Balance 293,832,106.95
Ending Actual Collateral Balance at 29-Nov-1996 295,008,277.74
Monthly P&I Constant 2,722,947.36
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.03237320% 100,000.00 0.03403304%
Fraud 6,178,077.00 2.00004140% 6,178,077.00 2.10258745%
Special Hazard 3,089,038.00 1.00002054% 3,089,038.00 1.05129355%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 11,583,679.28 3.75000799% 11,317,091.44 3.85155031%
M 6,950,679.28 2.25015750% 6,790,715.72 2.31108703%
B-1 4,633,679.28 1.50007039% 4,527,039.37 1.54068914%
B-2 3,861,679.28 1.25014927% 3,772,806.25 1.28400068%
B-3 1,853,679.28 0.60009535% 1,811,018.54 0.61634467%
B-4 927,679.28 0.30031949% 906,329.59 0.30845152%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
The Prudential Home Mortgage Securities Company, Inc.
Mortgage Pass-Through Certificates
Statements to Certificateholders
Record Date: 29-Nov-1996
Distribution Date: 26-Dec-1996
PHMSC Series 1996-8
Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
5325 Spectrum Drive
Frederick, MD 21703
Telephone:(301) 846-8130
Fax:(301) 846-8152
CERTIFICATE INFORMATION
Certificate Original Ending Ending
Pass-Through Face Certificate Certificate
Class CUSIP Rate Amount Balance Percentage
<S> <C> <C> <C> <C> <C>
A-1 74434UE42 6.75000 100,000,000.00 97,347,322.45 0.97347322
A-2 74434UE59 6.75000 73,250,000.00 70,594,932.39 0.96375334
A-3 74434UE67 6.75000 6,909,000.00 6,909,000.00 1.00000000
A-4 74434UE75 7.70000 6,000,000.00 6,000,000.00 1.00000000
A-5 74434UE83 7.50000 11,590,000.00 11,590,000.00 1.00000000
A-6 74434UE91 0.00000 2,341,000.00 2,341,000.00 1.00000000
A-R 74434UF25 6.75000 100.00 100.00 1.00000000
AP 74434UF33 0.00000 2,741,680.82 2,713,876.42 0.98985863
M 74434UF41 6.75000 4,855,000.00 4,826,957.40 0.99422398
B-1 74434UF58 6.75000 2,697,000.00 2,681,422.06 0.99422397
B-2 74434UF66 6.75000 1,618,000.00 1,608,654.39 0.99422397
B-3 74434UH64 6.75000 1,834,000.00 1,823,406.77 0.99422397
B-4 74434UH72 6.75000 971,000.00 965,391.48 0.99422398
B-5 74434UH80 6.75000 971,880.05 966,266.46 0.99422399
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL DISTRIBUTION
Scheduled Unscheduled
Principal Principal Deferred Realized Principal
Class Distribution Distribution Accretion Interest Loss (1) Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 82,696.70 675,335.52 0.00 0.00 0.00 758,032.22
A-2 82,771.21 675,944.00 0.00 0.00 0.00 758,715.21
A-3 0.00 0.00 0.00 0.00 0.00 0.00
A-4 0.00 0.00 0.00 0.00 0.00 0.00
A-5 0.00 0.00 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00 0.00
A-R 0.00 0.00 0.00 0.00 0.00 0.00
AP 2,546.77 300.41 0.00 0.00 0.00 2,847.18
M 4,072.26 0.00 0.00 0.00 0.00 4,072.26
B-1 2,262.18 0.00 0.00 0.00 0.00 2,262.18
B-2 1,357.14 0.00 0.00 0.00 0.00 1,357.14
B-3 1,538.32 0.00 0.00 0.00 0.00 1,538.32
B-4 814.45 0.00 0.00 0.00 0.00 814.45
B-5 783.81 0.00 0.00 0.00 31.38 783.81
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Payment
Current Of Previously Current Non-Supported
Accrued Deferred Unpaid Interest Interest Interest
Class Interest Interest Shortfall Shortfall Shortfall
<S> <C> <C> <C> <C> <C>
A-1 551,842.62 0.00 0.00 0.00 0.00
A-2 401,364.27 0.00 0.00 0.00 0.00
A-3 38,863.12 0.00 0.00 0.00 0.00
A-4 38,500.00 0.00 0.00 0.00 0.00
A-5 72,437.50 0.00 0.00 0.00 0.00
A-6 0.00 0.00 0.00 0.00 0.00
A-R 0.56 0.00 0.00 0.00 0.00
AP 0.00 0.00 0.00 0.00 0.00
M 27,174.54 0.00 0.00 0.00 0.00
B-1 15,095.72 0.00 0.00 0.00 0.00
B-2 9,056.31 0.00 0.00 0.00 0.00
B-3 10,265.32 0.00 0.00 0.00 0.00
B-4 5,434.91 0.00 0.00 0.00 0.00
B-5 5,439.83 0.00 0.00 0.00 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
INTEREST DISTRIBUTION
Remaining Ending
Cumulative Unpaid Certificate/Notional Realized Interest
Class Interest Shortfall Balance Losses (2) Distribution
<S> <C> <C> <C> <C>
A-1 0.00 97,347,322.45 0.00 551,842.62
A-2 0.00 70,594,932.39 0.00 401,364.27
A-3 0.00 6,909,000.00 0.00 38,863.12
A-4 0.00 6,000,000.00 0.00 38,500.00
A-5 0.00 11,590,000.00 0.00 72,437.50
A-6 0.00 2,341,000.00 0.00 0.00
A-R 0.00 100.00 0.00 0.56
AP 0.00 2,713,876.42 0.00 0.00
M 0.00 4,826,957.40 0.00 27,174.54
B-1 0.00 2,681,422.06 0.00 15,095.72
B-2 0.00 1,608,654.39 0.00 9,056.31
B-3 0.00 1,823,406.77 0.00 10,265.32
B-4 0.00 965,391.48 0.00 5,434.91
B-5 0.00 966,266.46 0.00 5,439.83
<FN>
(2) Amount Does Not Include Excess Special Hazard, Bankruptcy, Or Fraud Losses Unless Otherwise Disclosed.
Please Refer To The Prospectus Supplement For A Full Description.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PREPAYMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment Interest Shortfall 801.62
Servicing Fee Support 801.62
Non-Supported Prepayment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 35,352.56
Master Servicing Fee 3,531.53
Supported Prepayment/Curtailment Interest Shortfall 801.62
Net Servicing Fees 38,082.48
</TABLE>
<TABLE>
<CAPTION>
SERVICER ADVANCES
<S> <C>
Beginning Balance 166,760.38
Current Period Advances By Servicer 0.00
Reimbursement of Advances 166,760.38
Ending Cumulative Advances 0.00
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Current Unpaid
Number of Number Of Principal
Days Loans Balance
<S> <C> <C>
30 Days 0 0.00
60 Days 0 0.00
90+ Days 0 0.00
Foreclosure 0 0.00
REO 0 0.00
Totals 0 0.00
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL DELINQUENCY STATUS INFORMATION
<S> <C>
Principal Balance of Contaminated Properties 0.00
Periodic Advance 43,662.27
Current Period Realized Loss - Includes Interest Shortfall 31.38
Cumulative Realized Losses - Includes Interest Shortfall 81.01
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year Ratio Strip
Weighted Average Gross Coupon 7.150844%
Weighted Average Pass-Through Rate 6.750000%
Weighted Average Maturity (Stepdown Calculation) 351 Months
Beginning Scheduled Collateral Loan Count 710
Number of Loans Paid in Full 5
Ending Scheduled Collateral Loan Count 705
Beginning Scheduled Collateral Balance 211,898,783.96
Ending Scheduled Collateral Balance 210,368,329.82
Ending Actual Collateral Balance at 29-Nov-1996 211,358,001.25
Monthly P&I Constant 1,395,433.35
Class AP Deferred Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Loss Description Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 209,264.92 0.09698129% 209,264.92 0.09947549%
Fraud 4,315,573.22 2.00000000% 4,315,573.22 2.05143675%
Special Hazard 3,965,591.19 1.83780508% 3,965,591.19 1.88507043%
<FN>
Limit of Subordination's Exposure for 100% of Certain Types of Losses
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL
Class Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
A 12,946,880.05 6.00007433% 12,872,098.56 6.11883860%
M 8,091,880.05 3.75008354% 8,045,141.16 3.82431194%
B-1 5,394,880.05 2.50019164% 5,363,719.10 2.54967994%
B-2 3,776,880.05 1.75034919% 3,755,064.71 1.78499526%
B-3 1,942,880.05 0.90040417% 1,931,657.94 0.91822659%
B-4 971,880.05 0.45040601% 966,266.46 0.45932126%
B-5 0.00 0.00000000% 0.00 0.00000000%
<FN>
Please refer to the Prospectus Supplement For A Full Description Of Loss Exposure
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Account Beginning Current Period Current Period Ending
Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Security Premium 0.00 0.00 1,172.67 0.00
A-4 Rounding Account 999.99 0.00 0.00 999.99
A-4 and A-5 Reserve Fund 2,000.00 0.00 0.00 2,000.00
A-5 Rounding Account 999.99 0.00 0.00 999.99
</TABLE>
<PAGE>
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