10-Q/A: Quarterly report pursuant to Section 13 or 15(d)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q/A
Amendment No. 1

[x] Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the quarter ended September 30, 1994

[ ] Transition Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Commission file number 1-9819



RESOURCE MORTGAGE CAPITAL, INC.
(Exact name of registrant as specified in its charter)




Virginia 52-1549373
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification
No.)

2800 Parham Road, Richmond, Virginia 23228
(Address of principal executive offices) (Zip Code)

(804) 967-5800
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past ninety days. [x] Yes [ ] No

On October 31, 1994, the registrant had 20,055,908 shares of common stock of
$.01 value outstanding, which is the registrant's only class of common stock.






SIGNATURES

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 thereunto duly authorized.




RESOURCE MORTGAGE CAPITAL, INC.


By:
Thomas H. Potts,
President
(authorized officer of registrant)






Lynn K. Geurin,
Executive Vice
President and Chief Financial Officer
(principal accounting officer)

Dated: November 23, 1994

Exhibit Index

Exhibit 99.1 Analysis of Projected Yield