Real Estate Law

Mortgage Meltdown Litigation Pays Hundreds Of Millions To Injured Plaintiffs

The economy seems to be heading at last into recovery territory, and the mortgage crisis that began in 2007 is starting to seem like old news. But the effects of the lax underwriting standards and other questionable loan practices that spawned the crisis continue to play out in courts across the country. According to cases being covered in the LexisNexis Jury Verdicts and Settlements, a recent uptick in settlements is occurring. With sometimes staggering losses sustained by some of these plaintiffs, they are choosing to resolve their legal claims and move forward, often with substantial sums of money put back into their pockets. The amounts, and the legal claims underlying the settlements, vary from plaintiff to plaintiff and jurisdiction to jurisdiction, but the theme seems to be one of moving forward and getting back to business.