A Bank of America (BAC) attorney told a New York state judge that CIFG Assurance North America was relying on generic allegations about the housing market’s collapse to blame the bank for its losses instead of zeroing in on the mortgage-backed securities it actually insured.
BofA alleges insurer MBS claims not specific to loans
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Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.