FHFA To Drop Force-Placed Insurance Proposal

Posted by Orb Staff on February 13, 2013 No Comments
Categories : Mortgage Servicing

13284_fhfa-02595023 FHFA To Drop Force-Placed Insurance Proposal The Federal Housing Finance Agency (FHFA) will reportedly jettison a previously announced plan to lower force-placed insurance premiums for homeowners.

CUNA News reports that the FHFA will create a working group that will study the force-placed insurance issue. No timeline was announced on when the working group would be formed and when it would issue its findings.

‘This is a responsible and measured approach to put policy in place that is beneficial for both government-sponsored enterprises, consumers, and the industry at large,’ says Meg Burns, senior associate director at the FHFA's Office of Housing and Regulatory Policy.

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