Lehman Gets Partial Win In Spat With Mortgage Lender

Law360, New York (March 1, 2010, 6:05 PM EST) -- A federal court has handed Lehman Brothers Holdings Inc. a partial win in a contract spat against Dream House Mortgage Corp., a lender that sold loans to Lehman and allegedly failed to buy them back after the borrowers quickly defaulted.

Judge Mary Lisi of the U.S. District Court for the District of Rhode Island on Thursday granted Lehman and its subsidiary, Aurora Loan Services LLC, partial summary judgment on claims that Dream House failed to buy back 17 loans, as it was required to do under...
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