Meet our incredible 2015 Women of Influence

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit
W S
Servicing / The Ticker

Waters addresses halted force-placed insurance reform

/ Print / Reprints /
| Share More
/ Text Size+

Congresswoman Maxine Waters released a letter to acting director Edward DeMarco of the Federal Housing Finance Agency questioning the FHFA's recent decision to prohibit Fannie Mae from moving forward with a plan to save taxpayers as well as borrowers from high costs related to force-placed insurance.

Force-placed insurance goes on a borrower's house when the borrower fails to maintain their insurance policy or provide evidence of insurance as required by the loan agreement.

Waters has advocated for mortgage servicing reform, raising concerns about the cost and use of FPI.

Click here to read the letter.  

 

Recent Articles by HousingWire Staff

Comments powered by Disqus