Channel: The Subprime Shakeout » Ambac

AMBAC Sues Bear Stearns Subsidiary For Shoddy Underwriting

November 17, 2008, 9:50 am

≫ Next: Ambac Drops Bombshell Proposed Amended Complaint on JP Morgan, EMC

Mortgage insurance company Ambac Assurance Corp. has become the latest plaintiff to bring a lawsuit against a mortgage originator for improper underwriting, suing Bear Stearns subsidiary EMC Mortgage Corp. in the United States District Court for the Southern District of … Continue reading →

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