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Loan Modification

: Loan Modification & Home Loan News

Bank of America Sues MGIC in a Dispute Over Claims

By Evan Bedard

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Bank of America, the biggest U.S. lender, said in a Dec. 17 complaint that MGIC, led by Chief Executive Officer Curt Culver, denied millions of dollars of valid claims for defaulted mortgages by relying on an ?unreasonable? interpretation of its policies. MGIC said it intends to defend itself against the bank?s allegations. MGIC ?faces the reality [...]

Full post as published by Loan Modification & Home Loan News on December 23, 2009 (boomark / email).

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