Business: Structured finance

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• CORRECTED-Flagstar to pay $110 mln to settle MBIA mortgage lawsuit Thursday, 2 May 2013 | 8:35 PM ET

  NEW YORK, May 2- Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.

• Flagstar to pay $110 mln to settle MBIA mortgage lawsuit Thursday, 2 May 2013 | 6:17 PM ET

  NEW YORK, May 2- Flagstar Bancorp Inc said Thursday it would pay $110 million to settle a lawsuit by MBIA Inc accusing the bank of misrepresenting the quality of loans underlying $1.1 billion in mortgage-backed securities.

• Fitch Assigns Expected Ratings to Illawarra Series 2013-1 RMBS Trust Sunday, 28 Apr 2013 | 10:10 PM ET

  Link to Fitch Ratings' Report: Illawarra Series 2013-1 RMBS Trust. SYDNEY, April 28 Fitch Ratings has assigned an expected rating to Illawarra Series 2013-1 RMBS Trust's mortgage-backed floating-rate notes as follows:. The notes will be issued by BNY Trust Company of Australia Limited in its capacity as trustee for Illawarra Series 2013-1 RMBS Trust.

• UPDATE 3-Monte Paschi puts derivatives loss at 730 mln euros Wednesday, 6 Feb 2013 | 6:14 PM ET

  SIENA, Italy, Feb 6- Monte dei Paschi di Siena, Italy's third biggest lender, said on Wednesday losses linked to three problematic derivative trades totalled 730 million euros as it sought to draw a line under a scandal over risky financial transactions.

• UPDATE 1-Italian prosecutors interview ex-Monte Paschi chairman Monday, 4 Feb 2013 | 2:25 PM ET

  *Giuseppe Mussari summoned as investigation widens. *Rome prosecutors look at possible Vatican bank link. Italy's third largest bank has been at the centre of a financial and political storm since last month when it revealed that it faced losses of some 720 million euros ( $986 million from a series of derivatives and structured finance trades.

• Italian prosecutors interview ex-Monte Paschi chairman Monday, 4 Feb 2013 | 1:20 PM ET

  *Giuseppe Mussari summoned as investigation widens. *Rome prosecutors look at possible Vatican bank link. Italy's third largest bank has been at the centre of a financial and political storm since last month when it revealed that it faced losses of some 720 million euros ( $986 million from a series of derivatives and structured finance trades.

• UPDATE 2-Italy's Monte Paschi finds no evidence of takeover bribes Monday, 28 Jan 2013 | 11:10 AM ET

  *PM Monti repeats confidence in Bank of Italy. MILAN, Jan 28- Italy's troubled Monte dei Paschi bank said on Monday it had no evidence of bribery in a 2007 takeover now under scrutiny over alleged corruption, but acknowledged accounting irregularities under previous management over derivatives trades.

• Berkshire Hathaway Seeks $1 Billion From Swiss Re Tuesday, 4 Dec 2012 | 8:15 AM ET

  

  Berkshire Hathaway is claiming Swiss Re owes it $1 billion stemming from a dispute over a life insurance deal they agreed to in 2012.