DALLAS -- Lomas Mortgage USA, a unit of Lomas Financial Corp., said it has entered into a $375 million reverse interest rate swap with Lehman Brothers Special Financing Inc.

Under terms of the swap, which expires July 21, 1997, Lehman will pay Lomas a fixed annual interest rate of 60025% and Lomas will pay Lehman a floating annual rate based on the 30-day average rate for commercial paper rated A1-P1.

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