0 minute readInvestors in a mortgage-backed security sold by Lehman Brothers Holdings have lost their application for the notes to be declared in default. A court in London ruled against holders of bonds that were part of the Eurosail-UK 2007-3BL PLC transaction. Lehman, which filed for bankruptcy protection in September 2008, raised £650m ($1bn) from the 2007 deal which packaged UK home loans.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
