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The Mess of Forced-Placed Mortgage Insurance

JJ HornblassbyJJ Hornblass
November 11, 2010
in Archive
Reading Time: 1 min read
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If you read one article today, read this one by Jeff Horwitz at American Banker. In a scathing piece, Horwitz has unmasked the dubious practice of forced-placed insurance on home mortgages. Felix Salmon of Reuters also offered a fine follow-up to Horwitz’s piece here.

As I read Horwitz’s article, I wondered how could insurers and banks allow this type of insurance to get so out of hand. But then again, these same banks let mortgage finance in general get out of hand during the credit boom. An amazing read …
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