Countrywide Sued By AIG For Misrepresenting The Underwriting Standards

  An AIG unit sued Countrywide Financial Corp., accusing the mortgage lender of misrepresenting the underwriting standards of loans AIG insured. ?As a result of the unprecedented number of defaults in the mortgage loans, United Guaranty has already paid out insurance claims totaling over $30 million and is exposed to additional claims of several hundred million dollars [...] Related posts:Federal Home Loan Banks - A Cause Of Concern For The Insurance SectorMortgage Insurer Looking At Grim 2009AIG On The Verge Of Breakup - May Get Additional Help From Washington