Lomas Financial Corp., Dallas, said its Lomas Mortgage USA subsidiary would sell its loan production business and about a third of its portfolio of servicing rights to First Nationwide Mortgage Corp., a unit of San Francisco's First Nationwide Bank.

The price was said to be $100 million in cash and the assumption of certain liabilities, including $302 million of warehouse funding on loans being acquired by First Nationwide. The company did not specify what other liabilities were involved.

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