LOMAS FINANCIAL CORP
8-K, 1995-10-31
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  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): October 30, 1995



                   Lomas Financial Corporation
     ------------------------------------------------------
     (Exact name of registrant as specified in its charter)


      Delaware                1-6868              75-1043392
   (State or other       (Commission File        (IRS Employer
   jurisdiction of            Number)         Identification No.)
    incorporation)



           1600 Viceroy Drive, Dallas, Texas     75235
      ----------------------------------------------------
      (Address of principal executive offices)  (Zip Code)


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



                              None
  -------------------------------------------------------------
  (Former name or former address, if changed since last report)

<PAGE>
                   Lomas Financial Corporation

                            Form 8-K


Item 5.   Other Events.

     Pursuant to General Instruction F to Form 8-K, the Registrant
hereby incorporates by reference the press release attached as
Exhibit 1 hereto.

Item 7.   Financial Statements and Exhibits.

     (a)  None.

     (b)  None.

     (c)  Exhibits.

          1.   Press Release of The New York Stock Exchange
               regarding Lomas Financial Corporation dated
               October 30, 1995.
<PAGE>
                            SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.


                              LOMAS FINANCIAL CORPORATION
                              (Registrant)



                              By: /S/GARY WHITE                  
                                  -------------------------------
                                  Gary White
                                  Senior Vice President and
                                    Chief Financial Officer



Date:  October 31, 1995



<PAGE>
                        INDEX TO EXHIBITS


Exhibit No.                    Description                Page No.
- -----------                    -----------                --------

     1            Press Release of The New York Stock         5
                  Exchange regarding Lomas Financial
                  Corporation dated October 30, 1995

                                                         Exhibit 1





Contact:  Ray Pellecchia           For Release:   Immediately
                                                  Monday,
                                                  October 30, 1995


           NEW YORK STOCK EXCHANGE TO SUSPEND, DELIST
                   LOMAS FINANCIAL CORPORATION



     New York, October 30, 1995---The New York Stock Exchange
announced today that trading in the common stock of Lomas
Financial Corporation---ticker symbol LFC, and the 9% Convertible
Notes due October 31, 2003---ticker symbol LFC/03---will be
suspended immediately.  Following the suspension, application
will be made to the Securities and Exchange Commission to delist
the issue.

     The NYSE normally gives consideration to delisting the
securities of a company when the company falls below any of the
NYSE's continued listing criterion.  The NYSE's action is being
taken because the Company, which filed a petition for
reorganization under Chapter 11 of the United States Bankruptcy
Code on October 10, 1995 fell below the NYSE's continued listing
criteria related to:  aggregate market value of shares
outstanding (less than $8 million) together with average net
income after taxes for the past three years (less than $600,000);
and net tangible assets available to common stock (less than $8
million) together with average net income after taxes for the
past three years (less than $600,000).

     The NYSE noted that it may at any time suspend dealings in a
security if it believes that continued dealings in the security
on the NYSE are not advisable.



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