Tuesday, April 1, 2008

Nonprofits' portfolios affected by crisis in mortgage market

Nonprofits are being affected by the implosion of the subprime mortgage market, according to an article in The Non Profit Times, Mortgage Backed Investments Threaten Nonprofits. Brokers who lost nonprofit clients' assets in this market may be liable if the investment was not suitable for the nonprofit's net worth or overall portfolio, or if they misrepresented the risks.

rk

http://lawprofessors.typepad.com/nonprofit/2008/04/brokers-who-inv.html

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