Consulting Group Issues B&C Risk Report

Huron Consulting Group, Chicago, has issued a report on the top questions board members and chief executives should ask when evaluating the risk of a subprime mortgage portfolio.The questions touch on issues such as the reliability of property appraisals, the independence of parties to the originations, the effectiveness of anti-fraud controls, the integrity of the mortgage brokers, and the quality of borrower documentation. "The subprime mortgage world is under tremendous pressure," said Huron managing director Ken Evola. "The recent news surrounding improperly managed subprime mortgages, which has in some cases forced bankruptcy, requires that companies carefully evaluate risk right now to determine an appropriate course of action." The company can be found online at http://www.huronconsultinggroup.com.