Why You Should Attend: The residential mortgage market, with more than $10 trillion in outstanding loans, is in a period of unprecedented upheaval. The International Monetary Fund (IMF) has estimated that losses directly related to the subprime meltdowns will exceed $975 billion. Regulators, enforcement agencies and private litigants have responded with hundreds of investigations and lawsuits. This institute will provide the practice tips that attorneys need to know to navigate the myriad issues that have emerged.

What You Will Learn: The causes of the subprime crisis and what the near future holds ;How regulators and enforcement agencies have stepped up their activity as a response to the subprime crisis; How the secondary markets are likely to adapt to the tightening of credit - and what new risks that will bring The hot button issues in class action litigation, and the steps lenders can take to mitigate their risks The special risks faced by investors in mortgage-backed securities, and what legislative developments are on the horizon that will limit these risks .

PLEASE NOTE: PLI is also offering a Live Webcast of the Program. This means that you can view this program from your office or even at home on your computer. We can also set up a Group Cast which would enable a number of attorneys from your office to view the program at once.

Full and partial scholarships to attend PLI's programs or view a webcast are available to legal aid and government attorneys, law professors, judges, judicial clerks, law students and employees of nonprofit organizations. Scholarship applications must be submitted at least four weeks prior to the program you wish to attend.

Please contact Leonard McKenzie at 212-824-5826 for additional information.