mortgage-backed securities

  • $5-billion suit against MBIA resuscitated

    The heat is on again for MBIA Inc., and it may be starting to feel like 2007 all over again. New York’s Court of Appeals yesterday reinstated a breach-of-contract lawsuit against the insurer, saying that it is not pre-empted by state insurance law.

  • BofA/Merrill’s mortgage-backed securities morass

    Just days after Countrywide Financial was in the news again thanks to Allstate Insurance Co.’s lawsuit against it to recoup $700 million in losses on mortgage-backed securities, a federal judge ruled that Bank of America and its Merrill Lynch unit will face a pair of similar lawsuits brought by a...

  • Allstate securities case suffers setback

    Apparently a little “mayhem” has caught up with Northbrook, Ill.-based Allstate Insurance Co.

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