Hazard Insurance With Its Own Perils
Sunday, January 22, 2012
- Organization: NY Times
- Link: http://www.nytimes.com
ONE of the richest and most secretive sources of profit in the mortgage business is coming under scrutiny.
It’s about time.
Investigators are training their sights on a type of hazard insurance policy known as force-placed insurance, a type of policy that has driven up costs for homeowners and pushed some into foreclosure. People who buy certain mortgage securities may be getting hurt, too.

