The recent surge in residential mortgage buyback demands by Freddie Mac, among others, has a number of industry analysts bracing for a new wave of indemnification claims and put-back attempts against correspondent lenders and brokers by mortgage aggregators.
The recent surge in residential mortgage buyback demands by Freddie Mac, among others, has a number of industry analysts bracing for a new wave of indemnification claims and put-back.
By Dean Seal Ambac Financial Group Inc. and Bank of America Corp. have resolved longstanding litigation related to residential mortgage-backed securities with a $1.84 billion settlement,. | October 9, 2022
Countrywide Home Loans Inc. put Ambac Assurance Corp. on the hook for $2.7 billion by secretly churning out shoddy residential mortgage-backed securities in the "worst of the worst" of pre-2008 loan practices, the insurer's counsel told a Manhattan judge on the first day of a long-awaited trial Wednesday.