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Hazard Insurance With Its Own Perils (The New York Times)

January 21, 2012

New York Times

ONE of the richest and most secretive sources of profit in the mortgage business is coming under scrutiny.

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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