Credit Suisse settles Assured Guaranty mortgage lawsuit

A Credit Suisse AG unit on Monday asked a New York judge to "disregard" an attempt at disrupting its recent settlement with Assured Guaranty Corp. over soured residential mortgage-backed.

and assured the Northbrook, Illinois-based insurer that the loans conformed with “conservative” underwriting standards and that the appraisals of the mortgage properties were accurate, the lawsuit.

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 · Credit Suisse Group AG has reached a confidential settlement with Assured Guaranty Ltd on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court.

Ambac’s lawsuit claimed Credit Suisse Securities, along with its affiliate DLJ Mortgage Capital, misled the insurer about a pool of over 2,000 home equity lines of credit with a principal balance of about 0 million. ambac said the defendants did not disclose that many borrowers had little or no ability to repay.

Assured Monday afternoon filed a lawsuit against Credit Suisse’s DLJ Mortgage Capital, claiming breach of contract over $1.8 billion of mortgage-backed securities it insured.

 · Assured Guaranty said it had filed to dismiss its lawsuit against Credit Suisse, according to a statement on its website. U.S. Bank National Association, which acts as a trustee for the six residential mortgage-backed securities that were at issue, filed a motion with the New York Supreme Court objecting to the confidential settlement.

Loan applications decline as mortgage interest rates skyrocket Home equity loan and second mortgage applications volumes have been increasing as the number of first mortgage refinance applications have been decreasing. An article in the San Diego Union Tribune, shows higher interest rates stopping prospective home buyers from signing on the bottom line.

(Reuters) – Credit Suisse Group AG (CSGN.VX) has reached a confidential settlement with Assured Guaranty Ltd (AGO.N) on claims related to what the insurer said were defective loans underlying mortgage.

Jenny Wynn on Buying Your First Home Triad’s subsidiary Triad Guaranty Insurance Corp. provides private mortgage. faces another lawsuit currently pending in the U.S. District Court for the Middle District of Florida brought by a.

A Credit Suisse Group AG unit was sued by over securitized mortgage loans for which Assured Guaranty Ltd. guaranteed payments to. Assured has chosen to file a lawsuit to evade its insurance.

 · Credit Suisse Group AG settled a three-year-old lawsuit by Assured Guaranty Ltd. accusing the bank of misrepresenting the quality of loans in mortgage-backed securities it insured.

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