SAN FRANCISCO - Great Western Financial Corp. on Tuesday said it sold about $200 million of nonperforming single-family mortgages to a subsidiary of Bear Stearns Cos.

The purchase price was not disclosed. But the nation's second-largest thrift company said it discounted the mortgages about 30% to 35% from the original loan balances. indicating a price of $130 million to $140 million.

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