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

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Order before 4pm today for delivery by Fri 19 Dec 2025.

A Paperback / softback by Debra Lambert

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

    Publisher: Nova Science Publishers Inc
    Publication Date: 01/04/2016
    ISBN13: 9781634847377, 978-1634847377
    ISBN10: 1634847377

    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.

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