Another one: Lehman shuts lending unit

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Commenter AnnS was quick on the draw on this one: ‘Lehman Brothers, a leader in packaging subprime mortgages into securities, is shutting down one of its home lending units and laying off 1,200 employees.’

More from NYTimes.com: ‘Lehman’s decision to shutter the lending unit, BNC Mortgage, makes it the latest casualty in the subprime mortgage meltdown.’

Another one to watch: Will buyout firm Cerberus Capital Management go through with its deal to buy Option One, the mortgage subsidiary of H&R Block?

By the numbers: The Morgage Lender Implode-O-Meter blog now counts 132 major U.S. mortgage lenders that have imploded in less than a year.

Comments? Insights?