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Home » Store » News » Attorneys Warn of ‘Third Wave’ of Lehman Suits; Citi Ramps Up Pressure on Correspondent Lenders

Attorneys Warn of ‘Third Wave’ of Lehman Suits; Citi Ramps Up Pressure on Correspondent Lenders

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Industry attorneys are warning about a “third wave” of Lehman Brothers Holdings (LBHI) MBS trust claims against mortgage lenders and brokers based on the firm’s latest bankruptcy filing. Attorneys with the firm American Mortgage Law Group said Lehman Brothers for several years has been threatening to file residential MBS trust claims against the mortgage industry to counter trustee claims filed against LBHI in bankruptcy in 2009. The wait is...
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