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Real Estate & Property Law

: Housing Wire

BofA Sues MGIC Over Unpaid Insurance Claims

By AUSTIN KILGORE

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Bank of America?s (BAC: 15.25 +0.39%) Countrywide Home Loans unit sued Mortgage Guaranty Investment Corp. (MTG: 5.99 +3.99%) over allegations the Wisconsin-based mortgage insurer denied millions of valid claims. The suit was disclosed in a Securities and Exchange Commission (SEC) filing. Countrywide and BAC Home Loans Servicing filed the suit against primary MGIC subsidiary Mortgage Guaranty [...]

Full post as published by Housing Wire on December 23, 2009 (boomark / email).

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