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Real Estate & Property Law

: The Home Equity Theft Reporter

Tensions Escalate As Mortgage Insurers Stiff Lenders On Policy Claims On Defaulted Home Loans Allegedly Originated Through Fraud

By r morris

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In San Francsico, California, Insurance Networking News reports:Bank of America Corp.'s lawsuit against MGIC Investment Corp. reflects escalating tensions in the industry over mortgage insurers' denials of claims that lenders submit for defaulted home loans. In a complaint filed in the Superior Court of California for San Francisco, B of A alleged that MGIC is denying "millions of dollars in

Full post as published by The Home Equity Theft Reporter on January 05, 2010 (boomark / email).

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