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Home / News Stories / SunTrust wins $40M from mortgage insurer (access required)

SunTrust wins $40M from mortgage insurer (access required)

A federal judge in Richmond has awarded almost $40 million to SunTrust Mortgage Inc. from a subsidiary of AIG Inc. that insured second mortgages issued by the lender. In a related ruling, Senior U.S. District Judge Robert E. Payne relieved SunTrust of an obligation to pay as much as $92 million in premiums to insure loans ...