Plaza Home Mortgage Corp. and Lomas Financial both announced larger-than-expected losses for the third quarter of 1994, reflecting plunging loan volume throughout the industry.

Plaza announced a third-quarter loss of $10.2 million, or 87 cents a share, compared with a loss of $4.9 million, or 42 cents a share, in the same period last year. Plaza stock slid by 18.75 cents for the week, closing at $7.8125.

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