Taking Stock of Your Own House: Proactively Responding to the Subprime Mortgage Crisis
CFO.com
7/22/2008
Bridget Rohde
There is currently a very hot enforcement environment in the subprime mortgage arena. Prosecutorial and regulatory authorities are investigating corporations ranging from lenders to investment banks, debt rating agencies, hedge funds and professional advisers for crimes including predatory lending, mail and wire fraud and securities violations. If historical white collar cases are any kind of predictor, the possibility of stiff jail terms and hefty fines loom large.
It is imperative to get ahead of the problem by conducting an independent and thorough internal investigation to assess problems and get your subprime-related corporation on the right course.
In this article, published on July 22, 2008 on CFO.com, Mintz Levin attorney Bridget Rohde discusses the current federal investigations and reviews guidelines for effective internal investigations.
