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Property Appraisals

Will Shutting Down Captive Reinsurance Affiliates Reduce the Cost of Mortgage Insurance to Borrowers?

Jack M. Guttentag | Posted 06.16.2013 | Business
Jack M. Guttentag

The Consumer Financial Protection Bureau is right that mortgage reinsurance arrangements are really kickbacks for the referral of business, but it is wrong in suggesting that eliminating them will reduce costs to borrowers.