Before servicers force-place insurance, they often warn homeowners that the policy is costly, offers poor coverage and is likely to benefit the servicer. The investors who often end up paying for that same policy don’t benefit from the same notice. They may be catching on all the same. Recent rumblings suggest mortgage investors may soon begin to challenge widespread servicing practices related to force-placed insurance.
Losses from force-placed insurance are beginning to rankle investors
November 11, 2010, 3:43pm
Christine was a reporter with HousingWire through August 2011.see full bio
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Christine was a reporter with HousingWire through August 2011.see full bio
