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Loan Modification

: Loan Modification & Home Loan News

Countrywide Home Loans demands $111 million from Triad Guaranty Insurance

By Moe Bedard

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LOS ANGELES (CN) – Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer’s role in the housing bubble and collapse. In a somewhat brazen complaint, Countrywide claims Triad “encouraged lenders to develop new and more risky mortgage products” before the worldwide financial crisis, and now [...]

Full post as published by Loan Modification & Home Loan News on March 09, 2010 (boomark / email).

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