Lehman Retains Diversity Notes

Lehman Brothers has retained the notes from Diversity Funding 1, the £1.4 billion ($2.83 billion) U.K. commercial mortgage-backed securitization from the firm’s commercial conduit.

  • 28 Nov 2007

-- Daniel Flatt

Lehman Brothers has retained the notes from Diversity Funding 1, the £1.4 billion ($2.83 billion) U.K. commercial mortgage-backed securitization from the firm’s commercial conduit. The portfolio comprises of 863 commercial mortgages bought from Northern Rock and secured by 1,685 properties.

The structure of the Diversity Funding ...

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