Last week, the Department of Justice (DOJ) filed a civil suit in the Central District of California against Standard & Poor’s Financial Services (S&P) and its parent company McGraw-Hill. The suit alleges that S&P engaged in a...more
2/14/2013 - CDOs DOJ Fraud Investment Schemes McGraw Hill RMBS S&P
The legal press is abuzz with reports of a New York federal judge’s award of a $90.1 million judgment to mortgage insurer Assured Guaranty Corp. after a lengthy trial in its suit against Flagstar Bank FSB....more
2/11/2013 - Assured Guaranty Corp. Banks Flagstar Bank Misrepresentation Mortgage-Backed Securities RMBS
How can Countrywide/B of A even keep a straight face when it argues that correspondent lenders need to pay it outrageous amounts of money to settle claims for actual or potential losses?...more
12/17/2012 - Countrywide Loans RMBS
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