Items Tagged with 'Mortgage lawsuit'

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Flagstar settles mortgage flap with Assured Guaranty Ltd.

June 26, 2013
Flagstar Bancorp Inc. of Troy has agreed to pay Assured Guaranty Ltd. $105 million to settle a lawsuit filed by the Bermuda bond insurer, which accused the bank of misrepresenting the quality of loans within $902 million worth of home mortgage-backed securities issued in 2005 and 2006. Read More