LOMAS FINANCIAL CORP
10-K/A, 1995-10-18
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            --------------------


                                  FORM 10-K/A



                        AMENDMENT NO. 1 TO ANNUAL REPORT
                        PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


FOR THE FISCAL YEAR ENDED JUNE 30, 1995           COMMISSION FILE NUMBER 1-6868

                            --------------------

                          LOMAS FINANCIAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

             DELAWARE                                          75-1043392
  (State or Other Jurisdiction of                           (I.R.S. Employer
   Incorporation or Organization)                          Identification No.)

    1600 VICEROY DRIVE, DALLAS, TEXAS                             75235
(Address of Principal Executive Offices)                        (Zip Code)

Registrant's telephone number, including area code:  (214) 879-4000

                            --------------------


Securities registered pursuant to Section 12(b) of the Act:

<TABLE>
<CAPTION>
                                                                                   Name of Each Exchange
           Title of Each Class                                                      on Which Registered
           -------------------                                                      -------------------
  <S>                                                                             <C>
  COMMON STOCK, PAR VALUE $1 PER SHARE                                            NEW YORK STOCK EXCHANGE
</TABLE>

Securities registered pursuant to Section 12(g) of the Act:  NONE.


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    This Amendment No. 1 on Form 10-K/A amends the Registrant's Annual Report
on Form 10-K for the fiscal year ended June 30, 1995 to correct a typographical
error in:


                                    PART II

    ITEM 7.      MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                 RESULTS OF OPERATIONS

    LIQUIDITY AND CAPITAL RESOURCES

    Page 29 -- Third paragraph from the bottom of the page.  The first sentence
reads "STL was previously owned 51% by LFC and 19% by Lomas Mortgage."

    The first sentence is hereby amended to read "STL was previously owned 51%
by LFC and 49% by Lomas Mortgage."





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                                   SIGNATURE


     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this amendment to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                                 LOMAS FINANCIAL CORPORATION
                                                        Registrant



Date:  October 18, 1995                               /s/ GARY WHITE
                                                 ------------------------------
                                                          Gary White
                                                   Senior Vice President and
                                                    Chief Financial Officer





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