Home » Store » Inside Mortgage Finance » FHFA Seeks to Ban Reinsurance, Commissions on Lender- Placed Insurance, Cites Potential Risk to GSEs, Taxpayers
FHFA Seeks to Ban Reinsurance, Commissions on Lender- Placed Insurance, Cites Potential Risk to GSEs, Taxpayers
The Federal Housing Finance Agency this week sought comment on a proposal that would bar servicers from participating in lender-placed insurance through reinsurance or from receiving any commission or fee for placing or maintaining such type of insurance on mortgages.