Flagstar's Experts Blast Assured Witness In $1B MBS Suit

Law360, New York (October 25, 2012, 8:17 PM EDT) -- Two expert witnesses for Flagstar Bank FSB on Thursday attacked the report of a critical expert for Assured Guaranty Municipal Corp. in its contract suit in New York federal court against Flagstar over nearly $1 billion in mortgage-backed securities, calling it unprofessional and incorrect.

The Flagstar experts rebutted the results of Assured witness Rebecca E. Walzak, founder and owner of Walzak Consulting Inc. Walzak is a key witness in Assured's suit against Flagstar, which it accuses of lying about the origination and underwriting of more than...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.