Mortgage insurance under investigation by Consumer Financial Protection Bureau

mortgage Insurance Investigation

Potential kickback deals being checked into over billions in premiums. The consumer finance watchdog group for the government is currently performing an examination and analysis of deals that brought in billions of dollars in premiums that were charged by mortgage insurance companies to borrowers through the banks that made the loans. These deals were suspected to have brought in kickback. According to the civil lawsuits which have been filed by legal experts and borrowers, this is because the banks were said to have applied pressure to the mortgage insurance companies…

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