Flagstar to Stand Trial over Mortgage-Backed Securities

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in residential mortgage-backed securities it issued during the run-up to the financial crisis.

Article source: http://www.nationalmortgagenews.com/dailybriefing/flagstar-stand-trial-mortgage-backed-securities-1032391-1.html

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