(Reuters) - The cuts come at a time when defaults among the riskiest
home owners are rising and the U.S. housing market slows.
Lehman declined to elaborate further on the merger.
But in a conference call with analysts Tuesday, Lehman
Chief Financial Officer Chris O'Meara said "U.S. subprime
origination volumes were little changed" during the quarter.
Global origination was up "a bit" from the first quarter,
driven by "Alt-A" loans and by activity outside the U.S.
Read more at Reuters.com Bonds News
home owners are rising and the U.S. housing market slows.
Lehman declined to elaborate further on the merger.
But in a conference call with analysts Tuesday, Lehman
Chief Financial Officer Chris O'Meara said "U.S. subprime
origination volumes were little changed" during the quarter.
Global origination was up "a bit" from the first quarter,
driven by "Alt-A" loans and by activity outside the U.S.
Read more at Reuters.com Bonds News
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