Lender-Placed or Force-Placed Insurance on Home Mortgages : Overview & Oversight Issues
Book Details
Format
Paperback / Softback
ISBN-10
1634847377
ISBN-13
9781634847377
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Apr 1st, 2016
Print length
60 Pages
Weight
136 grams
Dimensions
15.50 x 23.00 x 0.70 cms
Product Classification:
Insurance & actuarial studies
Ksh 14,200.00
Not available
Delivery Location
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Secure
Quality
Fast
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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