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: Loan Modification & Home Loan News

Ambac Sues Countrywide, Alleging False Information On MBS

By Moe Bedard

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Image via Wikipedia NEW YORK (Dow Jones)–Ambac Financial Group Inc. (ABK) sued Bank of America Corp. (BAC) over “false and misleading” information it says the bank’s Countrywide unit provided to trick it into insuring mortgage-backed bonds. Ambac filed suit after a review of 6,533 of the home loans — just a fraction of the 268,000 [...]

Full post as published by Loan Modification & Home Loan News on September 30, 2010 (boomark / email).

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