Freddie Mac Challenges $600M ResCap, FGIC Settlement
The mortgage giant said the settlement would terminate insurance policies guaranteeing the payment of principal and interest on mortgage-backed securities it holds that were issued or serviced by ResCap. Freddie Mac has also rebutted the settlement's finding that FGIC trustees discharged their fiduciary duties to FGIC beneficiaries.
“Their justification is just...
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