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Financial Services Industry home Representative Engagements Clients Key Contacts: |
Credit & Subprime Lending Crisis Services |
News & Events |
Jim Stangroom and Barry Lupus speak on Insurance Company Exposure to the Credit and Subprime Lending Crisis at the Carolinas Chapter of the Insurance Accounting and Systems Association Annual Conference, Myrtle Beach, SC. |
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The subprime mortgage crisis has transcended major banks and other financial institutions, creating billions of dollars of investor exposure on mortgage-backed securities (MBS), collateralized debt obligations (CDO) and other mortgage asset devaluations. With default levels anticipated to reach the hundreds of billions, the subprime mortgage and credit crisis has spread to other industries, forced some lenders into bankruptcy and has fueled lawsuits against lenders, appraisers, home builders, public accounting firms and company boards and officers, to name a few. Invotex serves regulators, banks, insurance companies and others involved in matters related to the subprime lending crisis. We provide investigation, financial analysis and expert witness testimony on insolvency, fraud, negligence, diversion of resources, misrepresentation, director and officer negligence and related damages. Our work has focused on failed loan underwriting and monitoring procedures and other control weaknesses involving subprime mortgage loans, consolidated mortgage obligation securitizations and residual interest values. |
