Flagstar To Pay $105M To End Assured's MBS Suit

By Daniel Wilson ( June 21, 2013, 7:47 PM EDT) -- Flagstar Bancorp Inc. has agreed to pay $105 million and take responsibility for future claims to end Assured Guaranty Municipal Corp.'s New York federal court suit alleging Flagstar had misrepresented home equity loans underlying nearly $1 billion in residential mortgage-backed securities, the companies announced Friday....

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