The Devolution Of Mortgage Reform

Law360, New York (January 30, 2014, 12:42 PM EST) -- From the late 1990s to the late 2000s, many people took advantage of the availability of subprime mortgages and realized their dreams of home ownership. During that time, some lenders offered subprime loans, often without any regard for the borrower's repayment prospects.

In many instances, loans were being approved based on the contents of the loan application, without verifying the accuracy of the information in the application. These subprime mortgages were made to less creditworthy borrowers with unconventional terms, including escalating interest rates and negative amortization....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.