Ambac Financial Group (ABKFQ) ended a lawsuit against Credit Suisse Group AG (CSGN) over claims it was misled in purchases of mortgage-backed securities, according to a court filing.
The two sides said in papers filed today in New York state court in Manhattan that they have agreed to discontinue the litigation. They offered no explanation for the decision.
Ambac Assurance, Credit Suisse end MBS suit
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts