www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
AIG unit sues Countrywide over loan losses
(Agencies)
Updated: 2009-03-20 14:08

LOS ANGELES -- A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.

United Guaranty Mortgage Indemnity Co. filed suit in US District Court, accusing Countrywide of breach of contract, fraud, negligence, and unfair competition and business practices.

United Guaranty alleges Countrywide "abandoned its own underwriting guidelines to boost its market share and then misrepresented the quality of its loans so that United Guaranty would provide insurance coverage for them."

Protesters gather outside the AIG building in Los Angeles March 19, 2009. A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday. [Agencies] 

The AIG unit is seeking unspecified punitive damages, and wants the insurance policies on the loans and its payments on the policies to be canceled.

Charlotte, North Carolina-based Bank of America bought Countrywide in July 2008 for about $2.5 billion in an all-stock deal. Countrywide was the nation's largest mortgage lender at the time of the acquisition.

Related readings:
 Some AIG staff to pay back bonuses
 House passes bill taxing AIG and other bonuses
 AIG chairman inherits retention bonus mess
 Livid Democrats demand AIG return bailout bonuses

But like most lenders, the company was hit hard by sharply rising defaults over the past 18 months. Bank of America received billions in federal aid so it could absorb mortgage-related losses from Countrywide and its later acquisition, Merrill Lynch.

AIG, once the world's largest insurer, recently reported a 2008 fourth-quarter loss of $61.7 billion -- the biggest quarterly loss in US corporate history -- linked to subprime loan defaults and continued market turmoil.

The company, which has received over $170 million in government aid, outraged lawmakers by recently paying out $165 million in bonuses, including to traders in the Financial Products unit that nearly brought about AIG's collapse.

For its part, Countrywide is the target of multiple lawsuits linked to the subprime mortgage meltdown.

Calls and emails to AIG's attorney and Countrywide representatives seeking comment weren't immediately returned late Thursday.

主站蜘蛛池模板: 初爱视频教程在线观看高清 | 最新版天堂资源中文官网 | 成人黄页网站 | 成人影视免费 | 成人欧美一级毛片免费观看 | 亚欧在线视频 | 免费狼人久久香蕉网 | 亚洲一区视频 | 国产福利一区二区三区 | 一级成人黄色片 | 喷潮白浆 | 操亚洲| 窝窝人体色| 国产手机在线小视频免费观看 | 91精品啪在线观看国产91九色 | 欧美激情视频一区二区免费 | 成人免费一级毛片在线播放视频 | 一区精品麻豆经典 | 午夜性刺激免费视频观看不卡专区 | 国产三级在线播放线 | 欧美一级毛片高清毛片 | 看真人一一级毛片 | 久久久久久综合成人精品 | 97在线视频免费观看 | 国产又色又爽黄的网站免费 | 日韩国产欧美成人一区二区影院 | 亚洲视频三区 | 国内视频一区 | 正在播放国产一区 | 欧美一级视频在线 | 亚洲爽 | 成人无遮挡毛片免费看 | 八戒午夜精品视频在线观看 | 手机在线日韩高清理论片 | 欧美视频免费一区二区三区 | 日韩精品毛片 | 亚洲精品高清久久 | 天天躁天天碰天天看 | 国内精品一区二区2021在线 | 荡公乱妇蒂芙尼中文字幕 | 国产图片亚洲精品一区 |