Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
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