NY AG Sues BofA, Wells Fargo, JPMorgan Chase over Mortgage Fraud
New York Attorney General Eric Schneiderman has filed a suit against Bank of America, JP Morgan Chase and Wells Fargo…
subprime mortgage crisis
S&P’s First Amendment Defense in Mortgage Backed Security Ratings Case Rejected by Federal Court
When the bubble burst on the housing market, it triggered a chain reaction in part because of mortgage backed securities…
Thacher Proffitt Is No More; Fourth Biglaw Collapse This Year
Thacher Proffitt & Wood, the 160-year-old New York-based law firm, will close forever. The subprime crisis slashed demand for its…
Subprime Court Filings Reach Record Level
The number of subprime-related court filings has reached an unprecedented level and is expected to continue skyrocketing as economic conditions…