Subprime mortgages: A primer on economic issues in litigation

Subprime mortgages: A primer on economic issues in litigation

Mukarram Attari
Financial Services

Starting in late 2006, numerous subprime mortgage lenders have experienced severe financial distress. Rising interest rates, slower house price appreciation, and increasing delinquencies and defaults by borrowers form the backdrop. These difficulties have led to investigations by regulators, bankruptcy filings, and litigation from securities holders.

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