Subprime Lending Litigation and Regulatory Enforcement

Managing the Legal Repercussions of the Subprime Mortgage Financial Crisis

Tuesday, March 04, 2008

About

New lawsuits and regulatory enforcement actions are consistently making headlines in the wake of the subprime mortgage financial crisis. And, with federal and state regulators proposing and enacting legislation to protect homeowners from losing their homes, the forecast for next year only looks worse.

Add to that the reality that $515 billion in adjustable-rate mortgage loans will reset in 2007 and another $680 billion in 2008, and a recipe for massive litigation liability exists.

This publication from the American Conference Institute’s Subprime Litigation and Regulatory Enforcement event, gives you up to date knowledge on how to combat the latest borrower claims, best practices for responding against enforcement actions, and litigation methods for claims against business partners in the wrong. Our exceptional faculty of regulatory and enforcement officials, in-house experts, and seasoned private practice attorneys on the frontlines provide insights on:

  • Implications of the proposed federal anti-predatory lending legislation and the effects on future litigation
  • Effective defenses to suitability claims
  • Grounds for liability of attorneys, accountants, auditors, and other third parties involved in securitization transactions
  • Decisions and outcomes of claims brought by investors against underwriters
  • Successful alternatives to repurchase demands to avoid litigation

Contents & Contributors

About

New lawsuits and regulatory enforcement actions are consistently making headlines in the wake of the subprime mortgage financial crisis. And, with federal and state regulators proposing and enacting legislation to protect homeowners from losing their homes, the forecast for next year only looks worse.

Add to that the reality that $515 billion in adjustable-rate mortgage loans will reset in 2007 and another $680 billion in 2008, and a recipe for massive litigation liability exists.

This publication from the American Conference Institute’s Subprime Litigation and Regulatory Enforcement event, gives you up to date knowledge on how to combat the latest borrower claims, best practices for responding against enforcement actions, and litigation methods for claims against business partners in the wrong. Our exceptional faculty of regulatory and enforcement officials, in-house experts, and seasoned private practice attorneys on the frontlines provide insights on:

  • Implications of the proposed federal anti-predatory lending legislation and the effects on future litigation
  • Effective defenses to suitability claims
  • Grounds for liability of attorneys, accountants, auditors, and other third parties involved in securitization transactions
  • Decisions and outcomes of claims brought by investors against underwriters
  • Successful alternatives to repurchase demands to avoid litigation

Contents & Contributors

EMERGING CLAIMS: RACIAL DISCRIMINATION SUITS UNDER ECOA/FHA AND MUNICIPAL PUBLIC NUISANCE SUITS
Richard Gottlieb, Dykema Gossett (Chicago, IL)

EXPOSURES ON THE HORIZON – NEW PLAINTIFFS, EMERGING TARGETS AND THE LATEST CLAIMS BEING ASSERTED
Lawrence Bracken, Hunton & Williams, LLP (Atlanta, GA)

EXPOSURES ON THE HORIZON: NEW PLAINTIFFS, EMERGING TARGETS, AND THE LATEST CLAIMS
Meredith McKee, Womble, Carlyle Sandridge & Rice PLLC (Charlotte, NC)

SUITABILITY LITIGATION – WHAT LIES AHEAD?
Tom Hefferon, Goodwin & Procter (Washington, DC)

SUITABILITY THEORY AND ANALYSIS
Joseph Lynyak, Buckley Kolar (Los Angeles, CA)

BROKER LIABILITY: IMPACT OF EMERGING FIDUCIARY OBLIGATIONS ON PENDING AND FUTURE LITIGATION
H. Hunter Twiford, McGlinchey Stafford (Jackson, MS)

SUBPRIME SECURITIZATION LITIGATION
Talcott Franklin, Patton Boggs LLP (Dallas, TX)

SELECTED TOPICS IN LITIGATION ARISING OUT OF SUBPRIME MORTGAGE FINANCING
Rick Antonoff, Pillsbury Winthrop Shaw Pittman, LLP (New York, NY)

INSURANCE COVERAGE AND THE MORTGAGE INDUSTRY MELTDOWN
Timothy Burns, Heller Erhman LLP (Madison, WI)

EVALUATING AND EXPEDITING RESOLUTION OF INVESTOR REPURCHASE DEMANDS
Loretta Salzano, Franzen & Salzano (Atlanta, GA)

FORECLOSURE PREVENTION PROGRAMS AND FORECLOSURE ALTERNATIVES
Julie Caggiano, Sterling Bank (Houston, TX)

FORECLOSURE ACTIONS: BALANCING COUNTERCLAIMS, MORATORIUMS AND LITIGATION COSTS AGAINST PROPERTY VALUE IN A DECLINING MARKET
Andrew Stutzman, Stradley Ronon Stevens & Young, LLP (Philadelphia, PA)

BANKRUPTCY REFORM: H.R. 3609 – EMERGENCY HOME OWNERSHIP & MORTGAGE EQUITY PROTECTION ACT OF 2007
Jeanne Rentezelas, Stradley Ronon Stevens & Young, LLP (Cherry Hill, NJ)



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0