Subprime Market INDUSTRIES

The ongoing turmoil in the subprime lending markets and the resulting wave of defaults, bankruptcies, litigation and heightened governmental focus have industry participants facing a broad range of complex regulatory and transactional issues, as well as increasing numbers of investigations and civil lawsuits. WilmerHale has created an interdisciplinary group combining the diverse areas of legal expertise necessary to represent its clients most effectively in addressing these developments.

WilmerHale’s Subprime Market Interdisciplinary Group includes some of the best lawyers in the United States practicing in the areas of financial institutions regulation and transactions, debt finance and securitizations, bankruptcy, securities regulation and enforcement, real estate law and litigation. Our lawyers are representing lenders, investment funds, underwriters and other stakeholders in connection with the full range of issues arising out of the changes in the subprime lending markets, including, with respect to mortgage offerings, defaults and restructuring transactions, repurchase agreements, warehouse lending agreements, lines of credit, collateralized debt and loan obligations, and in handling responses to regulatory inquiries, litigation and representation in bankruptcy proceedings.  


Experience in this industry includes our representation of:

  • a hedge fund in regulatory investigations and litigation resulting from subprime mortgage investments
  • the purchaser of a subprime lender out of bankruptcy
  • the purchaser of a subprime mortgage servicer
  • Fannie Mae in SEC and Office of Federal Housing Enterprise Oversight regulatory proceedings and in a major corporate restructuring
  • a major consumer finance company (now HSBC Finance) in its acquisition of a $3.5 billion mortgage finance business
  • issuers, underwriters, lenders and investors in connection with public debt offerings and exchanges, syndicated senior and mezzanine debt transactions (including acquisition, leveraged, debtor-in-possession (DIP) and letter of credit financing), and securitizations
  • corporate and financial institutions in hundreds of securities matters before the DOJ, SEC, National Association Of Securities Dealers, New York Stock Exchange, AMEX, state regulators and Congress
  • debtors, committees and individual creditors in a broad range of the largest and most complex national and international reorganization and workout matters
  • corporate and financial institutions in regulatory agency, State Attorneys General and congressional inquiries
  • senior executives of a major subprime servicer and investor
  • numerous financial institutions, creditors and governmental entities in litigation including antitrust and securities class actions relating to mortgage banking, securities transactions and bankruptcy proceedings