Flagstar Must Pay Assured Guaranty $90.1 Million

A New York judged ordered Flagstar Bancorp to pay Assured Guaranty Ltd. (NYSE: AGO) $90.1 million for breach of contract. Shares of MBIA Inc. (NYSE: MBI) soared $1.58 to close at $10.41 over optimism that the bond insurer will be victorious in its lawsuit against Bank of America Corp. (NYSE: BAC). Assured Guaranty stock climbed $1.81 to close at $19.56 while Bank of America stock edged up 5 cents to close at $11.93.

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