New York Times
ONE of the richest and most secretive sources of profit in the mortgage business is coming under scrutiny.
Hazard Insurance With Its Own Perils (The New York Times)
January 21, 2012
It’s about time.
Investigators are training their sights on a type of hazard insurance policy known as force-placed insurance, a type of policy that has driven up costs for homeowners and pushed some into foreclosure. People who buy certain mortgage securities may be getting hurt, too.
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