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Real Estate & Property Law

: Housing Wire

Mortgage Insurers Deny 20-25% of Claims: Moody?s

By DIANA GOLOBAY

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Monolines and mortgage insurers are attempting to narrow mortgage-related losses by put-backs to originators and claims rescissions and denials, according to insurance industry commentary this week by Moody’s Investors Service. Monolines insure mortgage-related bonds, while mortgage insurers back lenders against default-related losses. The extent to which these companies are exercising put-backs and rescissions indicates loss mitigation [...]

Full post as published by Housing Wire on December 04, 2009 (boomark / email).

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