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FDIC Can Press WaMu Mortgage Fraud Coverage Suit: Judge

By Jeff Sistrunk ( November 13, 2017, 9:09 PM EST) -- A Washington federal judge refused Monday to dismiss the Federal Deposit Insurance Corp. 's bid for more than $20 million in excess coverage to defray losses defunct Washington Mutual Bank suffered in a fraud scheme, rejecting insurers' position that the policies don't cover fraudulent mortgages originated before the policy period. . . .

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