Industry News

HUD settles captive reinsurance claims for $1.4 million

Six home builders deny wrongdoing
Published on Oct 29, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Without admitting wrongdoing, six major home builders have agreed to pay nearly $1.4 million to settle charges that subsidiary companies they created to “reinsure” home buyers’ title insurance policies violated the Real Estate Settlement Procedures Act (RESPA). The settlements, announced ...