TITLE

Hazard, Bank Owned Property Insurance Remain a Concern

AUTHOR(S)
Dymi, Amilda
PUB. DATE
July 2011
SOURCE
Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the concerns of lenders, servicers, and investors regarding the need of having mortgage insurance to protect their real estate owned (REO) property investments due to the damages caused by tornadoes in the U.S. It mentions the need of focusing on how to improve continually the quality of insurance coverage for REO properties to offer benefits to these parties. It notes that they provide disaster assistance, mortgage banking, and insurance services for their borrowers.
ACCESSION #
61834130

 

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