In the case of Syncora Guarantee Inc. v Countrywide Home Loans Inc., The Brattle Group was retained by bond insurer Syncora to calculate the losses accrued as a result of securitized home equity loan defaults in MBS securitized by Countrywide. Our experts assessed whether the defaults were primarily a result of housing market conditions or of loan defects that went undetected due to a failure by Countrywide to adhere to published mortgage underwriting guidelines. The case settled for $375 million during expert discovery.