NERA Economic Consulting Announces Subprime Lending White Paper Series
26 June 2007
New York/ June 26, 2007 - A new white paper on subprime lending released today, from NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, offers a comprehensive overview of the subprime mortgage industry and the process of securitization.
The subprime mortgage market -- which consists of loans to borrowers with high credit risk, and the mechanisms that have evolved to originate, service, and finance those loans -- is rapidly contracting as a result of mounting defaults and delinquencies.
To address these matters from an economic perspective, NERA's Securities and Finance Practice has created NERA Insights: Subprime Lending Series, a series of papers dedicated to the analysis of the subprime lending crisis.
In Part I of the series, "The Subprime Meltdown: A Primer," NERA Vice President Dr. Faten Sabry and Consultant Dr. Thomas Schopflocher examine the economic factors leading to the deterioration of the US subprime mortgage industry; identify factors that differ between the current crisis and the 1998 crisis; and discuss pending and potential litigation issues arising from the current industry difficulties.
Forthcoming topics in this series will include finance and accounting aspects of a securitization, the anatomy of a fraudulent conveyance, and the economics of complex mortgage transactions.
The first paper in the series, "The Subprime Meltdown: A Primer," and future editions may be found on the NERA website at www.nera.com.
