Hazard, Bank Owned Property Insurance Remain a Concern

Dymi, Amilda
July 2011
Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p13
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.


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