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Business Expert Witness Opines on Bad Lending Practices

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Lending Expert WitnessThis case takes place in Pennsylvania and involves the evaluation of loans by a national bank which was closed by the Office of the Comptroller of the Currency (OCC). The central issue in this case involves “Other Real Estate Owned” (OREO) assets were due to bad lending practices or due to the general downturn and subprime mortgage market. In essence, an evaluation of lending practices and, in particular to redevelopment affordable housing construction, must be done. The core of the analysis will be to determine, out of roughly $10mn in loans, what proportion was subject to the general economic downturn and should better lending criteria have been implemented and screened prior to extending these loans.

The post Business Expert Witness Opines on Bad Lending Practices appeared first on Expert Institute.


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