Witness In $1B MBS Trial Calls Flagstar Underwriting Spotty
By Jake Simpson ( October 12, 2012, 7:57 PM EDT) -- The head of a mortgage risk consulting firm testified Friday in an insurer's contract case against Flagstar Bank FSB that the underwriting process for the loans behind roughly $1 billion in mortgage-backed securities issued by Flagstar was replete with deficiencies....
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