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MBIA Sues Countrywide Over Home Equity Loans

By Morgan Bettex (October 2, 2008, 12:00 AM EDT) -- The insurance unit of MBIA Inc., the world's largest bond insurer, has sued mortgage lender Countrywide Financial Corp. for allegedly misrepresenting its underwriting standards regarding the securitization of pools of more than $14 billion in MBIA-guaranteed home equity loans that are now in default or foreclosure....

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