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!
Source: http://www.lawguru.com/legal-questions/-/addition-title-insurance-understand-countrywide-398104766/
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