Michigan Joins Settlement Against Mortgage Servicer Over ‘Forced Place’ Insurance
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 imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. …
We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.