News & Analysis as of

MBIA Insurance Settlement

Orrick - Finance 20/20

MBIA and Bank of America Settle MBS Litigation for $1.7 Billion

Orrick - Finance 20/20 on

On May 6, monoline insurer MBIA announced that it had reached a $1.7 billion settlement with Bank of America in connection with alleged fraud and breach of contract claims related to Countrywide-issued mortgage-backed...more

Orrick - Finance 20/20

MBIA and Flagstar Settle

On May 2, MBIA Insurance Corporation announced that it reached a settlement with Flagstar Bank in its lawsuit arising out of $1 billion in Flagstar-sponsored MBS that MBIA insured. MBIA sued Flagstar for breach of warranty...more

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