Relevant:
- Lennar Looks to Distressed Debt as Homebuilding Slump Persists
- Lennar Closes $300MM REO, Distressed Mortgage Investment Fund
- Lennar Reports First-Quarter Profit on Distressed Deals
- Distressed CMBS Loans Up 41% in April, as Commercial Real Estate Prices Edge Higher
- Hiding commercial real estate losses by laundering bad loans through the Federal Reserve
2010-02-11 — housingwire.com
Homebuilder Lennar Corp. (LEN: 16.81 +7.69%) said late Wednesday it bought ownership of two loan portfolios with a combined unpaid balance of $3.05bn.
The portfolios hold 5,500 distressed residential and commercial real estate loans from 22 failed bank receiverships, according to a press statement.
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