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The financial press is full of stories about the “collapse” of the subprime mortgage market, what caused this “collapse” and who should bear the blame. Members of our group are often quoted in those stories (see those stories). Subprime mortgage loans are, as the name indicates, loans made to less credit-worthy borrowers which have a greater risk of default than “conventional” mortgages and hence carry a higher interest rate. Wall Street Underwriters and the business teams they assembled played a critical role in the boom of subprime mortgage loans that were made in the last several years.
Publication Articles - our lawyers quoted
In the Trenches: Page Perry Lures Litigators with Subprime Mortgage Work
Posted: Wednesday, February 20, 2008