Housing Mortgages Information

Subprime Lawsuits Already Outpacing S&L Litigation

Even as the stock prices of investment banks began to fall and foreclosures started to rise, everyone knew what was coming next.

Lawsuits!

So a study released by Navigant Consulting Inc. last week was hardly a shock. The study shows that the number of subprime mortgage- related lawsuits filed in federal courts in the last few months have already outstripped the number of savings and loan (S&L) suits in the early 1990s...