Sharon Markowitz Published in the Missouri Banker on Contractual Risks to Mortgage Originators
Stinson LLP Partner Sharon Markowitz recently published an article in the September issue of The Missouri Banker entitled "Reducing Your Exposure in the Next Economic Downturn," geared toward mortgage loan originators. Sharon reflects on litigation arising from the 2008 downturn and lessons to be learned when it comes to the contractual agreements and their impact on litigation exposure.
"If you are actively selling loans on the secondary market, making these changes to your existing contracts with aggregators may save you money in future litigation. And if you are thinking of purchasing a mortgage origination business, check their contracts to see if they contain the problematic provisions described: they may be riskier than they first appear," writes Sharon.
Sharon defends clients in high-exposure, complex litigation, often involving complex quantitative analysis. She focuses her representation on financial services clients and also handles class action litigation and appellate litigation for a range of clients. She uses her quantitative analysis skills to assess damages theories, quantitative methods of proof, the quantitative impact of various arguments, potential exposure, and the appropriate legal strategy for each case.