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Real Estate & Property Law

: The Home Equity Theft Reporter

Bond Insurer Left Holding The Bag On $312M+ In Crappy Home Loan-Backed Mortgage Securities Sues Deutsche Affiliates To Force Buy-Back

By r morris

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Bloomberg News reports:A unit of Assured Guaranty Ltd. sued affiliates of Deutsche Bank AG over $312 million of mortgage-backed securities that the bond insurer guaranteed and says were ?plagued by rampant fraud and misrepresentations.?Assured Guaranty Corp. is asking a judge to force the bank to repurchase the loans, on which the insurer has already paid almost $60 million in loss claims and

Full post as published by The Home Equity Theft Reporter on November 12, 2010 (boomark / email).

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