Credit Suisse Group AG must face a lawsuit claiming it fraudulently induced MBIA Inc. to guarantee $900 million of mortgage-backed bonds, a judge said. Justice Shirley Werner Kornreich of New York state Supreme Court in Manhattan denied a bid by Credit Suisse to dismiss a suit by MBIA, the world’s largest bond insurer, alleging misrepresentations about securities marketed by the Zurich-based bank.

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Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

Feb 25, 2020 By
3d rendering of a row of luxury townhouses along a street

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