Lomas Financial Corporation

Incorporated in 1960, Lomas Financial Corporation and its subsidiaries are engaged in the mortgage banking business. Through its wholly-owned subsidiary, Lomas Mortgage USA, Inc., the company’s principal line of business is the servicing and origination of single-family residential mortgages secured by properties located throughout the U.S. Lomas has recently undertaken several restructuring initiatives, including the sale of its Lomas Information Systems group to Prudential Insurance Co. unit Residential Services Corp. in late 1994.