These times can be very difficult and even scary for lenders. Mortgage fraud is still an epidemic, with FBI figures indicating a 26% increase in reported losses from fraud in 2008 over 2007. Toxic loans are finding there way back to brokers and small lenders from Wall Street through repurchase and make whole demands. Increased compliance and regulation has created a minefield for lenders trying to conduct business in more than one state. Consumer lawsuits are on the rise, with predatory lending and defensive lawsuits in foreclosure and bankruptcy threatening bank profitablity.
Our attorneys at LLO have many year's of experience handling regulatory, compliance, and investor relations issues. We are experts at re-auditing loan files, in defense of repurchase demands, and as a basis for loss mitigation efforts to offset losses from fraud and misrepresentation. LLO can also be relied upon to be up to date on business and litigation strategy affecting lenders in today's marketplace.
Our experience in corporate matters mean that the attorneys at LLO can handle everything from contractual and employment issues, to commercial itigation to business break up and wind up and creditor protection.
If you need a specialized law firm with inside experience handling banking issues, then call managing attorney Andrew Liput today at 973 883 0333 for a confidential consultation.
|
|
