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| related topics |
| {loan, real, estate} |
| {stock, price, share} |
| {tax, income, asset} |
| {investment, property, distribution} |
| {loss, insurance, financial} |
| {condition, economic, financial} |
| {debt, indebtedness, cash} |
| {control, financial, internal} |
| {capital, credit, financial} |
| {regulation, change, law} |
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Bank regulators may continue to limit the ability of the Company to implement its business plan and may restrict its ability to declare and pay dividends, to redeem the Series D preferred stock or to enter into asset sales or exchanges
The bankruptcy of LBHI may limit the ability of LBHI to contribute capital to Lehman Bank and negatively impact the timing and amount of payments received by Lehman Bank with respect to debts owned to Lehman Bank by LBHI
The Company s business and financial results are significantly affected by general business and economic conditions
There can be no assurance that recent government action will help stabilize the U.S. economy and will not have unintended adverse consequences
Because of the Company s obligations to creditors, it may not be able to make dividend or liquidation payments to holders of the Series D preferred stock
The Company is subject to extensive government regulation and supervision
The Company s results will be affected by factors beyond its control
The Company s loans are concentrated in California, New England and Nevada and adverse conditions in those markets could adversely affect its operations
A substantial majority of the Company s loans were originated by other parties
More than half of the Company s loan portfolio is made up of commercial mortgage loans, which are generally riskier than other types of loans
Consummation of the Exchange, or an alternative transaction, may result in the Company owning a portfolio of residential mortgage loans that do not perform as well as its current portfolio
Continued declines in home prices and a prolonged recession would negatively impact the performance of residential mortgages
The Company s allowance for loan losses may not be adequate to cover actual losses
The Company may not be able to purchase loans at the same volumes or with the same yields as it has historically purchased
The Company could be held responsible for environmental liabilities of properties it acquires through foreclosure
The Company is dependent in virtually every phase of its operations on the diligence and skill of the management of Lehman Bank
The Company s relationship with Lehman Bank may create conflicts of interest
Servicing of the Company s mortgage assets by Lehman Bank.
Future dispositions by the Company of mortgage assets to Lehman Bank or its affiliates.
Future modifications of the advisory agreement or master service agreement.
The master loan purchase agreement was negotiated between a parent and its subsidiary.
The failure of Lehman Bank could result in the loss of the Company s funds on deposit with Lehman Bank, which could reduce the amount of cash available to pay distributions, including dividends on the Series D preferred stock
The Company s Controls and Procedures May Fail or Be Circumvented
Neither the Company nor Lehman Bank have specific policies with respect to the purchase by the Company from Lehman Bank of particular loans or pools of loans
The Board of Directors has broad discretion to revise the Company s strategies
The Company does not typically obtain third-party valuations and therefore it may pay more or receive less than fair market value for its mortgage assets
The Company may pay more than fair market value for mortgages it purchases from Lehman Bank
Fluctuations in interest rates could reduce the Company s earnings and affect its ability to pay dividends
Failure to comply with certain rules of The Nasdaq Stock Market could cause the delisting of the Series D preferred stock
The Company is subject to the risk of litigation, and the outcome of proceedings it is or may become involved in could materially adversely affect the Company s business and ability to pay dividends on the Series D preferred stock
Tax Risks Related to REITs
If the Company fails to qualify as a REIT, it will be subject to federal income tax at regular corporate rates
If the Company does not distribute 90% of its net taxable income, it may not qualify as a REIT
The Company may redeem the Series D preferred stock at any time upon the occurrence of a tax event
Full 10-K form ▸
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