EXHIBIT 10.52 FIRST AMENDMENT TO EMPLOYMENT AGREEMENT This First Amendment is entered into this 3rd day of October, 1997, by and between IMC MORTGAGE COMPANY, a Florida corporation (the "Company"), and STUART MARVIN ("Executive").

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                                                                   EXHIBIT 10.52

                     FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

         This First Amendment is entered into this 3rd day of October, 1997, by
and between IMC MORTGAGE COMPANY, a Florida corporation (the "Company"), and
XXXXXX XXXXXX ("Executive").

                                    Recitals

         A.       The Company and the Executive have entered into an Employment
Agreement as of August 1, 1996 (which agreement is called the "Existing
Agreement").

         B.       The parties wish to amend the Existing Agreement so that
certain modifications in compensation due to the Executive as approved by the
Company's Board of Directors on September 9, 1997 and by the Company's Executive
Committee on September 26, 1997, are incorporated in the Employment Agreement
and to extend the term thereof until December 31, 2001.

                                    Agreement

         NOW THEREFORE, in consideration of the mutual benefits to be derived
herefrom, the parties hereto agree that the Existing Agreement is hereby
modified as follows:


         1.       Bonus Formula. The Bonus Compensation provisions of the
Existing Agreement are hereby modified to make the formula more consistent with
the formula applicable to the executive officers of the Company. Accordingly,
the first sentence of Section 4.2(b) is hereby amended to read as follows:

                  As "Bonus Compensation" each year, an amount calculated by
                  multiplying the Base Salary for the year then ending by
                  fifteen percent (15%) for each 1% by which the Net Income
                  Increase exceeds 10%; provided, however that Bonus
                  Compensation shall at no time exceed 100% of Base Salary for
                  the year ending December 31, 1997, and 300% of Base Salary
                  thereafter.

         2.       Term of Employment. Section 3.1 of the Existing Agreement is
hereby amended to extend the term of the Existing Agreement until December 31,
2001.

         3.       Base Compensation. Executive's Base Compensation beginning
September 1, 1997, is hereby agreed to be $300,000.



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         4.       Ratification as to Other Respects. The Existing Agreement is
hereby ratified and confirmed and remains in full force and effect in all
respects except as modified hereby.

         IN WITNESS WHEREOF, this agreement has been executed as of the day and
year first above written.



                             IMC MORTGAGE COMPANY, a Florida
                             corporation


                             By:  /s/ XXXXXX XXXXXXXX
                                ----------------------------------
                                      Xxxxxx Xxxxxxxx
                                      Chairman



                                  /s/ XXXXXX XXXXXX
                             -------------------------------------
                             Xxxxxx Xxxxxx, Executive

























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