Syncora Fights Put-Back Ruling In Countrywide Case

Law360, New York (January 6, 2012, 6:03 PM EST) -- Syncora Guarantee Inc. on Thursday appealed part of a New York state judge's ruling over what the monoline insurer must show to force Bank of America Corp.'s Countrywide Financial Corp. to repurchase mortgage loans in securities Syncora insured.

In part of a wide-ranging decision Tuesday, Judge Eileen Bransten refused to limit what Syncora had to prove in order to show that Countrywide's alleged misrepresentations about the quality of the mortgage loans in the securities "materially and adversely" affected the insurer's interest in the loans and would...
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