Subprime Lending Crisis
New York, NY
Who Should Attend
Attorneys involved with regulatory issues, commercial litigation and class actions regarding subprime lending; professionals in the banking, insurance and securities industries; accounting and other consultants involved in litigation; participants in the mortgage-backed finance industry who need to adjust business plans in response to the subprime lending crisis.
The housing market has cratered. Foreclosures are at an all-time high. Delinquencies and defaults in subprime and alternative loan products are at historic levels and there is no end in sight. Broad ranging ripple effects throughout the global economy are already being felt and the industry is under fire.
Federal banking, securities and state law enforcement agencies are actively investigating lending practices and approaches to asset valuation. Early litigations are underway and the number of lawsuits will only grow as delinquencies and defaults continue to rise, bonds continue to be downgraded and substantial write-offs are announced.
This program will provide a big-picture view of the different facets of the subprime lending crisis. The program will dissect the problem, identify existing regulatory efforts and ongoing litigation and explore what is likely to occur in the future. Here is an opportunity to see how the various pieces of this multi-layered puzzle fit together and to consider strategies to follow going forward.
What You Will Learn
- Banking regulation, oversight and enforcement
- Strategies for responding to enforcement activity
- Corporate bankruptcies and issues facing loan originators
- Liability exposure in the primary market
- Defense strategies for class actions
- SEC and FINRA investigations and enforcement
- Litigation and liability in the secondary market
- Key economic issues in proving the case
- The ratings process
- Conflicts of interest