How To Prepare For Employees' Subprime Crises

Law360, New York (January 16, 2008, 12:00 AM EST) -- The subprime mortgage crisis is affecting millions of Americans, many of whom are unable or may soon become unable to meet their monthly mortgage payments.

While the agreement reached late last year between the Treasury Department and the mortgage industry to freeze certain mortgage rates will temporarily help some, it is not a long-term solution, and many will not be helped at all.

As more mortgage holders face personal financial crisis, employers will see evidence of this in the workplace. Whether through employees declaring bankruptcy, poor...
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