Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
W S
Investments / The Ticker

AIG files motion to stay in MBS case

/ Print / Reprints /
| Share More
/ Text Size+

On Monday night, AIG filed a motion to stay its $7 billion securities fraud case claiming that Countrywide duped the insurer into purchasing mortgage-backed securities.

That motion went a long way toward explaining a maneuver AIG's lawyers at Quinn Emanuel Urquhart & Sullivan pulled Friday, when they filed a declaratory judgment suit in New York State Supreme Court asking for a New York judge to rule whether AIG lost its right to assert securities fraud claims when it sold its MBS portfolio to the Federal Reserve Bank of New York in 2008.

But AIG's latest tactic raises questions of its own.

Source: Thomson Reuters
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus