TITLE

Judge Rules MBIA Couldn't Tell If GMAC Misrepresented MBS in Case

AUTHOR(S)
McGee, Patrick
PUB. DATE
January 2011
SOURCE
National Mortgage News;1/10/2011, Vol. 35 Issue 15, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein the judges ruled that MBIA Insurance Corp. has no other way of discovering if GMAC Mortgage LLC had the intention to misrepresent the true nature of mortgage-backed securities that MBIA secured.
ACCESSION #
57482071

 

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