Opinions from Deniece Watkins Smith, Realtor, ePro, SRES. News, laws, information regarding current real estate issues.
Tuesday, January 11, 2011
Allstate sues Countrywide over toxic investments
NEW YORK -- Allstate has filed a federal lawsuit against Countrywide Financial over $700 million in toxic mortgage-backed securities that the insurer bought beginning in 2005, only to see their value decline rapidly.
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