“Millions of Americans [are] paying more for homeowners insurance — often with less protection than before — while others are scrambling to find any insurance at all, because their insurer has refused to renew their policy,” said Sen. Sherrod Brown, D-OH, chair of the Senate Committee on Banking, Housing and Urban Affairs.
The Structured Finance Association continues to push forward on revising the disclosures used with non-agency MBS. The revisions could lead to major changes in industry practices.