Mortgage Loan Securitizer Wants To Know Its Rights Regarding Insurance Claims

(July 18, 2016, 1:33 PM EDT) -- CHICAGO — A mortgage loan securitizer and its loan servicer asked an Illinois court on July 1 to clarify the status of certain insurance claims made to an insurer in rehabilitation (In the Matter of the Rehabilitation of Triad Guaranty Insurance Corporation, No. 12-CH-43895, Ill. Cir., Cook Co.).

(Motion available. Document #10-160722-021M.)

Judge Richard J. Billik Jr. of the Cook County Circuit Court, Chancery Division, ordered the rehabilitation of Triad Guaranty Insurance Corp. on Dec. 11, 2012.

The judge appointed Andrew Boron, then the state’s director...
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