Description

Book Synopsis
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.

Lender-Placed or Force-Placed Insurance on Home

    Product form

    A Paperback / softback by Debra Lambert

    £999.99

    Includes FREE delivery

    Out of stock

      Trusted by thousands of customers. See 2,385+ Customer Reviews

      View other formats and editions of Lender-Placed or Force-Placed Insurance on Home by Debra Lambert

      Book details

      Publisher Nova Science Publishers Inc
      Published 1 April 2016
      ISBN-13 9781634847377
      978-1634847377
      ISBN-10 1634847377
      Also in:
      Management of assets

      Description

      Book Synopsis
      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.

      Recently viewed products

      © 2026 Book Curl

        • American Express
        • Apple Pay
        • Diners Club
        • Discover
        • Google Pay
        • Maestro
        • Mastercard
        • PayPal
        • Shop Pay
        • Union Pay
        • Visa

        Login

        Forgot your password?

        Don't have an account yet?
        Create account