The Vega team and experts have significant experience consulting and providing expert testimony regarding consumer finance including mortgages, student loans, auto loans, lines of credit, and credit and debit cards. We have been engaged by both the leading providers of these consumer finance products as well as classes of consumers. Experts in our Consumer Finance practice include academics and industry professionals that use sophisticated models to analyze consumer behavior in both litigation and regulatory investigations.
Our team is experienced using large datasets to address issues in these engagements. Vega has state of the art capabilities to efficiently and securely manage sensitive consumer data.
Below is a list of example engagements for our Consumer Finance practice:
Analysis of Regulatory Violations in Mortgage Loan Origination: Dr. Andrew Zuppann of Vega Economics was retained to provide an expert analysis of potential regulatory violations in the origination of mortgage loans for an arbitration proceeding. In support of the client, Dr. Zuppann analyzed loan files, origination documents, and related documents for a set of loans with alleged violations of one or more federal regulations and/or other underwriting issues during the origination process.
Master Servicing of RMBS: The Vega team supported the damages rebuttal expert, servicing expert, and securitization expert in the analysis and drafting of expert reports to address claims related to the obligations of an RMBS master servicer.
Valuation of Mortgage Loans: A Vega expert was retained for more than a half dozen cases in which trustees alleged that defendant originator failed to cure or repurchase defective loans. As part of this engagement, the Vega expert was retained to assess whether the alleged representation and warranty breaches materially and adversely affected the value of the loans. The expert opined that loan value is a function of a loan’s risk profile and addressed the opposing expert’s claim by quantitatively modeling the risk profile of the individual mortgage loans under different counterfactual scenarios. In one of these cases, Morgan Stanley Mortgage Loan Trust 2006-14SL, et al. v. Morgan Stanley Mortgage Capital Holdings LLC (N.Y. Sup. No. 652761/2012) plaintiffs filed a motion to exclude. The analysis performed by the Vega expert withstood the motion to exclude.
Consumer Credit After Bankruptcy: The Vega team supported an expert who provided a rebuttal analysis of borrower FICO scores before and after bankruptcy, borrowing behaviors, the impact of derogatory information in credit files, and interest rates offered to consumers after bankruptcy.
Control of Payment Instruments by Minors: In I.B., by and through Glynnis Bohannon, et al. v. Facebook, Inc. (N.D. Cal. No. 5:12-cv-01894), the Vega team supported an expert in providing testimony and analysis in a class-action case involving payments made by minors on an online platform. The expert analyzed the website’s data to identify unauthorized transactions made by minors. The Vega expert also analyzed the practicalities of proposed controls on unauthorized transactions by minors in the context of internet platforms.
Servicing and Master Servicing of RMBS: The Vega team supported both the damages rebuttal expert and the servicing expert in the analysis and drafting of expert reports to address claims related to the obligations of the servicer and master servicer of RMBS in a half dozen cases.
Low Tuck Kwong Distinguished Professor of Finance and a Professor of Economics and Real Estate at the National University of Singapore
- Consumer Finance
- Financial Institutions
- Real Estate
Managing Director, Vega Economics
- Consumer Finance
- Corporate Finance
- Data Science & Statistics
- Labor & Employment
- Securities & Finance
Senior Advisor at Vega Economics
- Securities & Finance
- Data Science & Statistics
- Financial Institutions
- Valuation
- Consumer Finance
- Healthcare & Health Economics
Associate Professor of Business Administration, Finance Unit of Harvard Business School, Faculty Research Fellow, National Bureau of Economic Research
- FinTech
- Consumer Finance
- Financial Institutions
Charles Evans Gerber Professor of Law at Columbia Law School
- Bankruptcy & Insolvency
- Valuation
- Consumer Finance
Albert and Jeanne Clear Career Development Professor and an Assistant Professor of Finance at the MIT Sloan School of Management
- Securities & Finance
- Corporate Finance
- Consumer Finance
- Financial Institutions
Glenn Klimek Professor of Finance at Leavey School of Business, Santa Clara University
- Securities & Finance
- Consumer Finance