Description
This book presents the perspectives of experts on the subprime mortgage crisis, discussing what it is, how it occurred, who is to blame, and how to navigate through the flood of lawsuits it is generating. Topics covered include the types of legal disputes emerging from the crisis; how to prepare for civil litigation; the role of lenders, appraisers, banks, pension fund managers, investors, insurers, homeowners, and municipalities in the emerging litigation; possible criminal liability of appraisers, lenders, and others; and pending legislation to protect homeowners and regulate the lending industry.