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Real Estate & Property Law

: The Home Equity Theft Reporter

Loan Servicers' Force-Placed Insurance Racket Targeted By State AG Settlement Offer

By r morris

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Insurance Networking News reports:Few of the restrictions in the proposed attorneys generals' settlement of mortgage servicing practices are as absolute as the prohibition of profiting from force-placed insurance.Under the settlement's terms, banks and other mortgage servicers are forbidden from placing policies with an affiliate or accepting "commissions," "referral fees," "kickbacks" or "

Full post as published by The Home Equity Theft Reporter on March 13, 2011 (boomark / email).

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