In the sense, the brand new informative accusations underpinning Ambac’s deal-top breaches are identical once the those individuals toward loan-top breaches

In the sense, the brand new informative accusations underpinning Ambac’s deal-top breaches are identical once the those individuals toward loan-top breaches And related any breaches of representations and you may warranties, brand new repurchase process ‘s the sole recourse on people faulty financing – no matter whether that defect try a breach regarding « loan-level » representations […]