Lehman Brothers has acquired a 70% interest in $439 million in nonperforming FHA single-family loans from the Department of Housing and Urban Development.HUD retains a 30% equity in the loans that were formerly insured by the Federal Housing Administration, while Lehman Brothers is responsible for restructuring the loans or foreclosing on the properties. "This is a very good opportunity for the department to enter into public/private partnerships that will benefit HUD and, in many cases, can enable families to remain in their homes," FHA Commissioner John Weicher said. HUD also completed a sale of 39 FHA multifamily and health care facility mortgages with an unpaid principal balance of $153 million. The winning bidders are PAMI MidAtlantic LLC (listed as Lehman Brothers) and Capital Crossing Bank.

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