With the onset of the subprime lending boom experienced during the mid-1990s, T.A. Myers & Co. has maintained a significant presence both in analyzing and reporting on the exponential increase in such lending through securitization vehicles, as well as in providing testimony and expert analysis in precedent setting subprime litigation. For example, Thomas A. Myers, our principal, was the key expert in a decision against Lehman Brothers, which, at the time, raised the bar for the liability of securitization underwriters for fraud committed by securitization issuers and originators.

Click here for articles pertaining to this case.

T.A. Myers & Co. experts have analyzed and provided training to federal regulators regarding numerous aspects of servicing, securitization and underwriting of subprime lending vehicles, including billion-dollar securitization operations involving automobile, credit card and mortgage originations. We have lectured and provided training materials for all of the federal banking regulatory agencies dealing with the accounting and regulatory aspects unique to subprime lending and securitizations. As well, our independent experts have provided litigation support and expert testimony in numerous high profile litigations involving these matters.

Our firm analysts can assist stakeholders with situations involving underperforming subprime deals by undertaking independent investigations of the different avenues of recovery available to them. Interests that such participants may hold are often subject to issuer and/or underwriter recourse, repurchase obligations, indemnifications or other potential liability. We can also provide sophisticated input with respect to potential claims regarding fraudulent misrepresentation and the breach of warranties in the mortgage-backed securities context.

For issuers, underwriters, securitization trustees, or other interested parties, our analysts can provide sophisticated econometric analysis and stress testing to evaluate the range of risk in a structured portfolio involving subprime loans or related derivative vehicles.