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Selna said financial institution bonds issued to Fremont contained a couple of exclusions that void any coverage the insurer might have owed Fremont’s successor, Signature Group Holdings, for losses.
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No one, as I recall, mentioned American subprime. and now the subprime mortgage crisis. Writing from long experience (he was a year or two ahead of me at Harvard and served as general counsel to.
Hard to believe that yesterday marked the 10-year anniversary of American. its mortgage lending business, but that it needed cash quickly from a new warehouse lender if it was going to survive as a.
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