Lehman Brothers Inc.

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Report: Mortgage Industry Losses Could Exceed $240 Billion

Oct 22, 2007By

Reuters is reporting this morning that Lehman Brothers Inc. analyst Bruce Harting has officially entered the “bearish” camp on the mortgage sector: Harting downgraded the mortgage finance sector to “negative” from “neutral,” and the specialty finance sector to “neutral” from “positive. He cut Countrywide and IndyMac Bancorp Inc to “underweight” from “equal weight,” and Washington Mutual to “equal weight” from “overweight” …

3d rendering of a row of luxury townhouses along a street

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