Freddie Mac And Lehman Reach $767 Million Deal

Mani

Published onFebruary 14, 2014

Updated on May 13, 2021

Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) reached a $767 million deal with Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) that would help Lehman to release millions of dollars more to customers.

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Freddie Mac’s claim against Lehman

Before its collapse, Lehman Brothers purchased mortgages from originators, securitized them – creating now-famous mortgage-backed securities – and sold them upstream to purchasers including Freddie Mac. The mortgage originators allegedly gave representations to Lehman Brothers about the quality of the mortgages that eventually proved false.

Lehman Brothers Holdings Inc Plan Trust...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Freddie Mac And Lehman Reach $767 Million Deal

Freddie Mac’s claim against Lehman

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