Lender-Placed or Force-Placed Insurance on Home Mortgages (eBook)

Overview and Oversight Issues

Debra Lambert (Herausgeber)

eBook Download: PDF

2016
74 Seiten
Nova Science Publishers (Verlag)
978-1-63484-738-4 (ISBN)

Infos

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.

Produkt-Details

• Erscheint lt. Verlag: 1.4.2016
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
• ISBN-10: 1-63484-738-5 / 1634847385
• ISBN-13: 978-1-63484-738-4 / 9781634847384