PRICING SUPPLEMENT NO. 19, DATED AUGUST 20, 1996,
TO PROSPECTUS, DATED OCTOBER 13, 1993 AND
PROSPECTUS SUPPLEMENT, DATED OCTOBER 20, 1993
NORTH AMERICAN MORTGAGE COMPANY(R)
MEDIUM-TERM NOTES, SERIES A
(FIXED RATE)
DUE FROM NINE MONTHS OR MORE FROM DATE OF ISSUE
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INTEREST PAYABLE EACH MARCH 1 AND FORM:
SEPTEMBER 1 AND AT MATURITY [X] Book Entry [ ] Certificated
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ISSUE PRICE: 100 % CURRENCY OR CURRENCY UNIT:
(Check one; if other than U.S. Dollars,
see attached)
AGENT'S COMMISSION: .60 %
[X] U.S. Dollars (USD or U.S.$)
ORIGINAL ISSUE DATE: 8/23/1996 [ ] European Currency Units (ECU)
[ ] Australian Dollars (AUD or AUS$)
INTEREST RATE PER ANNUM: 7.315% [ ] British Pound (GBP or UK(pound))
[ ] Canadian Dollars (CAD or CAN$)
STATED MATURITY: 8/25/2003 [ ] German Marks (DEM or DM)
[ ] Italian Lire (ITL or Lire)
REPURCHASE PRICE [ ] Japanese Yen (JPY or (Y))
(for Discount Securities): [ ] Swiss Francs (CHF or SWFr)
[ ] Other
REDEMPTION INFORMATION:
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REPAYMENT INFORMATION:
OTHER PROVISIONS:
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The aggregate principal amount of this offering is U.S. $5,000,000 (which, if
the securities offered hereby are denominated in a currency or currency unit
other than U.S. dollars, is the equivalent, in the currency or currency units
set forth herein, of the principal amount set forth herein at the Exchange Rate
set forth herein) and relates only to Pricing Supplement No. 19. Debt
Securities, including Medium-Term Notes, Series A, may be issued by the Company
in the aggregate principal amount of up to U.S. $250,000,000 or the equivalent
in foreign currency units. To date, including this offering, an aggregate amount
of U.S. $126,000,000 or the equivalent in foreign currency or foreign currency
units of Medium-Term Notes, Series A, and all other Debt Securities, has been
issued.
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TYPE OF SALE: IF PRINCIPAL TRANSACTION, REOFFERING AT:
[ ] As Agent [ ] varying prices related to prevailing market prices
[X] As Principal at the time of resale
|X| fixed public offering price of 100% of Principal
Amount
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The Medium-Term Notes, Series A of North American Mortgage Company (the
"Company") are being sold by Chase Securities Inc. as Agent on a basis similar
to that described under "Plan of Distribution" in the Prospectus Supplement
dated October 20, 1993. Chase Securities Inc. is an affiliate of The Chase
Manhattan Bank, which is a lender to the Company and the Paying Agent for the
Notes. Chase Securities Inc. and its affiliates engage in general financing and
banking transactions with the Company from time to time in the ordinary course
of business.
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