If a borrower with force-placed coverage provides proof that a traditional policy has been purchased for the property, the servicer is required to cancel the force-placed insurance within 15 days of ...

Q: My insurance company just told me it will not renew my homeowners policy, and a few days later, my mortgage company warned that it will buy “lender-placed” insurance if I do not show proof of a new ...

The Michigan Department of Insurance and Financial Services (DIFS) joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly ...

One of the nation’s largest mortgage servicers is paying millions of dollars to settle charges it imposed insurance costs on borrowers who already had homeowners insurance policies. Forty-eight state ...