Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Lending / The Ticker

Bank of America, HSBC Holdings settle forced-insurance lawsuits

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

According to Bloomberg, Bank of America (BAC) and HSBC Holdings Plc (HSBC) agreed to settle lawsuits concerning property insurance that borrowers were forced to accept.

So-called force-placed insurance is taken out on homes by banks or mortgage servicers when, for example, a homeowner’s policy lapses or the bank decides the borrower doesn’t have enough coverage. The homeowners alleged that the banks got a financial windfall by cutting deals with insurance companies and over-charging borrowers for the coverage.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus