Bond Insurer Can’t Sue Originator Over Violated Underwriting, NY Judge Says
March 26, 2010
A New York Court late last week dismissed a case brought by two bond insurers against mortgage lender GreenPoint Mortgage Funding for violating its mortgage underwriting guidelines, but the judge allowed the bond trustee to continue the suit. California-based GreenPoint filed a motion to dismiss the suit, which was brought by CFIG Assurance North America and Syncora...