Forward Motion

Gaughan, Michael
November 2008
Best's Review;Nov2008, Vol. 109 Issue 7, p45
Trade Publication
The article discusses the risks of home foreclosures towards insurers in the U.S. The author stated that the need for credit monitoring tools is necessary since it can spot homeowners who are likely to damage or abandon their houses. He added that one of the factors that exacerbates the problem id the volume of adjustable rate mortgage (ARM) loans. He emphasized that triggered policies can be custom-built to an insurer's needs to reduce costly claims from distressed properties.


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