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Lehman brings three-tranche reverse mortgage deal

Lehman Brothers last week closed its second reverse mortgage transaction since 2002. Contrasting from its 2005 issue, the $598 million SASCO 2006RM1, incorporates a $25 million single-A tranche. At least five more deals are expected in the market from various issuers prior to yearend.

The deal, like Lehman's Reverse...

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