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Navigant Consulting Q1 Subprime Update - 448 Subprime Cases Filed

Navigant Consulting released today that in the first quarter of 2008 there were 170 cases filed. Of the 170 cases filed, borrower class actions and securities cases dominated the subprime filings with 79 and 44 cases respectively. Based on the explosion of federal subprime filings, Navigant expects that the total case filing "will soon surpass the 559 savings-and-loan cases of the early 1990s."

For more information check out Navigant Consultings website.

Executive Fraud Blog: Mortgage Fraud  
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