Filed Under:Claims, Education & Training

Ambac Files 2nd Suit Against JP Morgan over Alleged 'Bear Don't Care' Mentality on MBS

NU Online News Service, April 3, 1:32 p.m. EDT

Bond-insurer Ambac has filed a second suit against JP Morgan Chase Bank claiming the bank’s mortgage unit perpetrated a fraud by failing to follow proper underwriting guidelines and presenting poor-quality risks to the carrier.

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