As fallout from the collapse of the high-risk mortgage industry continues, the types of legal claims stemming from the scandal are beginning to take shape. Shareholders in bankrupt mortgage lending companies have filed lawsuits, as have mortgage borrowers and investors in mortgage-backed securities. Warehouse lenders and an investor in a credit rating agency have also stated various claims. Some firms have formed special practice teams in preparation for a litigation surge.
Legal Claims Proliferate From Mortgage Meltdown
New York Law Journal
August 22, 2007