HOMESIDE INC
8-K/A, 1998-04-15
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A1


              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES AND EXCHANGE ACT OF 1934

                                 April 15, 1998
                                (Date of report)



                                 HomeSide, Inc.
             (Exact name of registrant as specified in its charter)

          Delaware                      1-12655                   59-3387041
(State or other jurisdiction    (Commission file number)      (I.R.S. Employer
       of incorporation)                                     Identification No.)
                                         


                   7301 Baymeadows Way, Jacksonville, FL 32256
               (Address of principal executive offices) (Zip Code)

                                 (904) 281-3000
              (Registrant's telephone number, including area code)



                                       1
<PAGE>
Item 4.  Changes in Registrant's Certifying Accountant


         (a)  Effective  April 1,  1998,  HomeSide,  Inc.  dismissed  its  prior
certifying  accountants,  Arthur  Andersen,  L.L.P.  and  retained  as  its  new
certifying  accountants,  KPMG Peat Marwick,  L.L.P. Arthur Andersen's report on
HomeSide's  financial statements during the two most recent fiscal years and all
subsequent  interim  periods  preceding  the date  hereof  contained  no adverse
opinion or a disclaimer of opinions,  and was not  qualified as to  uncertainty,
audit scope or accounting  principles.  The decision to change  accountants  was
approved by HomeSide's Board of Directors.

         During the last two fiscal years and the  subsequent  interim period to
the date  hereof,  there  were no  disagreements  between  HomeSide  and  Arthur
Andersen  on any  matters  of  accounting  principles  or  practices,  financial
statement disclosure,  or auditing scope or procedure,  which disagreements,  if
not resolved to the satisfaction of Arthur Andersen would have caused it to make
a reference to the subject matter of the  disagreements  in connection  with its
reports.

         None  of  the  "reportable  events"  described  in  Item  304(a)(1)  of
Regulation  S-K  occurred  with  respect to HomeSide  within the last two fiscal
years and the subsequent interim period to the date hereof.

         (b)  Effective  April 1,  1998,  HomeSide  Lending  engaged  KPMG  Peat
Marwick,  L.L.P. as its principal accountants.  During the last two fiscal years
and the subsequent  interim period to the date hereof,  HomeSide did not consult
KPMG Peat  Marwick  regarding  any of the  matters  or events  set forth in Item
304(a)(2) of Regulation S-K.


Item 7.  Financial Statements and Exhibits

         (c)       Exhibits

                  Exhibit 16 - Letter from Arthur Andersen to the Securities and
Exchange Commission dated April 6, 1998.



                                   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.

                                 HomeSide , Inc.
                                  (Registrant)


Date:  April 3, 1998                 By:/s/Kevin D. Race
       --------------------             ----------------
                                        Kevin D. Race
                                        Vice President, Chief Financial Officer
                                            and Treasurer (Principal Financial
                                            and Accounting Officer)




                                   
                                     ARTHUR
                                    ANDERSEN


April 6, 1998
                                                         Arthur Andersen LLP
Office of the Chief Accountant
Securities and Exchange Commission                       2700 Barnett Center
450 Fifth Street, N.W.                                   50 North Laura Street
Washington, DC 20549                                     Jacksonville, FL 32302
                                                         904 355 7521
                                                         904 632 4202 Fax




Dear Sir / Madam:

We have read Item 4 included in the Forms 8-K dated April 3, 1998,  of HomeSide,
Inc.  and  HomeSide  Lending,  Inc.  filed  with  the  Securities  and  Exchange
Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP

cc:
Mr. Kevin D. Race



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