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Home » Store » News » Alleged Misuse of Captive Reinsurance at the Core of Countrywide’s $34 Million Settlement with PA Borrowers

Alleged Misuse of Captive Reinsurance at the Core of Countrywide’s $34 Million Settlement with PA Borrowers

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A proposed $34 million settlement between Bank of America’s Countrywide Home Loans unit and Pennsylvania borrowers apparently would have no significant impact on mortgage lenders and private mortgage insurers unless “captive reinsurance” makes a big comeback, according to industry attorneys. Though captive reinsurance arrangements are...
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