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Reports Lehman (LEH) To Set Up Company To Buy Mortgage Assets
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According to reports from Bloomberg, Lehman Brothers (NYSE: LEH) is looking to set up a company, funded by outside investors, to buy some of its mortgage assets. The investors would also manage the holdings, which will be made up of assets linked to commercial real estate.
Lehman had about $40 billion in commercial-mortgage assets as of May.
Share of Lehman are currently up 1.4%.
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