Mortgage Insurance:

News from 2009

Mortgage Insurance and Post-Claim Underwriting

Mortgage insurance can be a trap Creditor insurance is one of the most profitable products in a bank's line-up. Often sold using high-pressure tactics, many borrowers are backed into a corner and feel like they have to make the purchase or else lose their existing loan. What many don't know is this form of coercive selling is illegal. A company is not allowed to provide a product or service on the condition that their customer purchase an additional product from the same, or a ...
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