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September 11th, 2008

Lehman Brothers: Teetering On the Brink

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As most of you already know, Lehman Brothers have been in the midst of a nose dive for some time now. According to Reuters, Lehman stocks fell as much as 46% on Thursday. On Wednesday Lehman announced a record third-quarter loss of $3.9 billion. Continued bad news and reports have only served to send customers and investors running.

If Lehman is not shopping for a buyer, they should be. But, it begs the question — who is willing, or better yet able, to buy Lehman much the way JP Morgan purchased Bear Stearns with help from the government?

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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