Dynex Capital, Inc. has engaged Lehman Brothers to advise on the sale of its mortgage origination business, which could net as much as $100 million, one analyst predicted. The $140 million market cap REIT is selling its manufactured-housing lender (MHL), which operates through its affiliate Dynex Financial, Inc. MHL originated $480 million in loans in 1998 and $110 million in the first quarter. Manufactured houses are factory built in segments and assembled on site.
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