Radian Settles With Deutsche Bank Over MBS Policy

Law360, New York (July 11, 2011, 3:22 PM EDT) -- Radian Insurance Inc. on Friday settled the remainder of a Pennsylvania suit against Financial Guaranty Insurance Co. and a Deutsche Bank AG unit over alleged false statements regarding the quality of mortgages that were insured by Radian policies.

The suit, filed in June 2008, had sought to void or rescind the insurance policies issued to Deutsche Bank National Trust Co. in its role as trustee of three mortgage-backed securities trusts created by IndyMac Bank. The trusts were created to sell the securities to investors.

U.S. District...
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