Though the potential for the anti-predatory lending campaign to target the securitization industry has been on the market's radar screen for some time, the charges brought against Lehman Brothers as co-defendant in a class action suit last week mark the first time the movement has significantly penetrated ABS.

What is more, the allegations - which try to associate Lehman Brothers, as an underwriter, with the lending practices of First Alliance Mortgage Co. - could set a precedent for an investment bank's exposure to the ethical practices of its clients.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.