Legal Question in Real Estate Law in California
In addition to Title Insurance, I understand that Countrywide put quite a few insurance policies on the sub-prime loans, because they knew they'd be "Bad" and wanted to cash-in when Borrowers defaulted.
My questions is Two-fold: Fannie Mae and Freddie Mac aside, what are the names of some of those insurance companies that provided specific coverage; And what is the difference between the insurance companies as Countrywide "investors", and the ones who actually provided specific policy coverage on these loans, for Countrywide's benefit??
In light of the massive lawsuits that MBIA and AllState filed against B of A, I'm a bit confused about the Insurers role particular role, here-Thanks!
2 Answers from Attorneys
As tempting as it may be, LawGuru participating attorneys are not allowed to answer questions that identify potential parties to litigation.
That's not a legal question. That is a question that asks who was involved. That depends on each particular loan, and would not be in the possession of any of the attorneys who respond to the questions on this site.
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