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Loan Modification

: Loan Modification & Home Loan News

Mortgage abuse story hammers Assurant

By Moe Bedard

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The American Banker published a story laying out apparent abuses in the business of so-called force-placed insurance ? the practice in which creditors such as mortgage servicers buy an insurance policy to replace a homeowner’s lapsed one. That’s fine as far as it goes, since it helps to cover the banks and mortgage investors against damage [...]

Full post as published by Loan Modification & Home Loan News on November 11, 2010 (boomark / email).

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