Lender-placed or Force-placed Insurance on Home Mortgages : Overview and Oversight Issues
2016
Online
E-Book
Zugriff:
Mortgage servicers use lender-placed insurance (LPI) to protect the collateral on mortgages when borrower-purchased homeowners or flood insurance coverage lapses. The 2007-2009 financial crisis resulted in an increased prevalence of LPI. Because LPI premiums are generally higher than those for borrower-purchased coverage, state insurance regulators and consumer groups have raised concerns about costs to consumers. This book addresses the extent to which LPI is used; stakeholder views on the cost of LPI; and state and federal oversight of LPI. Furthermore, this book evaluates the financial impact of the LPI market upon Fannie Mae and Freddie Mac (collectively, the Enterprises); and determines whether the Federal Housing Finance Agency (FHFA), in its role as the Enterprises'conservator, should undertake additional LPI-related actions.
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Lender-placed or Force-placed Insurance on Home Mortgages : Overview and Oversight Issues
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Autor/in / Beteiligte Person: | Lambert, Debra |
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Veröffentlichung: | 2016 |
Medientyp: | E-Book |
ISBN: | 978-1-63484-737-7 (print) ; 978-1-63484-738-4 (electronic) |
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