• The Fallout from the Subprime Lending Crisis

Congressman Barney Frank to be featured in mortgage conference

9 a.m. - 3 p.m. Monday, May 19, 2008
Suffolk University Law School
120 Tremont St., Boston 

Lawsuits arising from the subprime lending crisis are outpacing the rate of litigation that emerged from the savings and loan meltdown, according to a recent study. The Center for Advanced Legal Studies presents "The Fallout from the Subprime Lending Crisis" on Monday, May 19, featuring U.S. Congressman Barney Frank of Massachusetts.

Contact the Center for Advanced Legal Studies to register for the program.

Lenders wrote $625 billion in subprime mortgages in 2005, nearly four times the total in 2001. The boom brought in big fees to mortgage brokers, lenders, banks, and ratings agencies.

Criminal action also could be looming. The FBI is investigating 14 companies for possible accounting fraud, insider trading, or other violations that could result in criminal charges. Apparently the probe involves firms across the financial services industry.

In the middle of this tidal wave of problems comes a dramatically increased demand for expert counsel in the field.

 

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