Finance America LLC, the three-month-old child of Lehman Brothers and Amresco Inc., is planning a late first quarter securitization in line with a new, quality-oriented regimen, said Peter J. Levasseur, president and chief operating officer of Finance America.

"[Our deals] won't be as large, generally - certainly not in the first few years - because we are not going to do any bulk acquisitions or purchases of whole loans," said Levasseur. "All loans will be originated through our own wholesale and retail distribution channels, and obviously each loan will be underwritten individually."

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