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Lehman's Loss Grows; Firm to Raise Capital.

Mortgage Servicing News

| August 01, 2008 | COPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- Lehman Brothers faced fresh criticism about its exposure to mortgage-related losses when the company posted a huge first-quarter loss and said it would seek to raise additional capital.

The company, which lost $2.8 billion in the three months ending May 31, said it has reduced its leverage and unloaded ...

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Source: HighBeam Research, Lehman's Loss Grows; Firm to Raise Capital.

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