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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8 - K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) : NOVEMBER 20, 1997
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THE WMF GROUP LTD .
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(Exact Name of Registrant as
Specified in Charter)
Delaware 000-22567 54-1647759
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
1593 Spring Hill Road
Suite 400
Vienna, Virginia 22182
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(Address of Principal
Executive Offices)
(703) 610 - 1400
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(Registrant's telephone
number, including area code)
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Item 2. Acquisition or Disposition of Assets.
On November 5, 1997, Washington Mortgage Financial Group Ltd.
("Washington Mortgage"), a wholly owned subsidiary of The WMF Group Ltd.,
("WMF") purchased 100 percent of the outstanding stock of The Robert C. Wilson
Company and its Arizona subsidiary ("Wilson"), a Houston based commercial
mortgage banking company. Washington Mortgage acquired all of Wilson's issued
and outstanding common stock for a purchase price of approximately $4 million
in cash (80 percent of which was paid at closing and the remaining 20 percent
of which would be paid in the form of earnouts upon the attainment of certain
performance objectives over a 42 month period). The funds for the acquisition
were obtained through a draw on an existing credit line of WMF. The purchase
price will be allocated between the fair value of the assets acquired with the
difference between the fair value and purchase price recorded as goodwill.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused to be signed on its behalf by the undersigned, thereunto duly
authorized.
THE WMF GROUP, LTD.
Date: November 20, 1997 By: /s/ Michael D. Ketcham
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Michael D. Ketcham
Executive Vice President, Chief
Financial Officer and Treasurer
(Principal Financial Officer)
