CIFG Assurance North America Inc. agreed to settle lawsuits against Goldman Sachs Group Inc. and Capital One Financial Corp.’s GreenPoint Mortgage Funding Inc. over mortgage-backed securities.

The insurer sued Novato, Calif.-based GreenPoint in New York State Supreme Court in Manhattan in 2009, accusing the company of violating its mortgage-underwriting guidelines. Justice Bernard Fried threw out the lawsuit in 2010, and CIFG filed a new complaint against GreenPoint in October. CIFG sued Goldman Sachs in the same court in August 2011 over $275 million in mortgage-backed securities.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry