Lender-Placed or Force-Placed Insurance on Home Mortgages - Overview & Oversight Issues (Paperback)

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.

General

Imprint:	nova science publishers
Country of origin:	United States
Release date:	April 2016
Editors:	Debra Lambert
Dimensions:	230 x 155 x 7mm (L x W x T)
Format:	Paperback
Pages:	60
ISBN-13:	978-1-63484-737-7
Categories:	Books > Business & Economics > Finance & accounting > Finance > Insurance > General Books > Money & Finance > Insurance > General
LSN:	1-63484-737-7
Barcode:	9781634847377

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