Industry News

HUD settles captive reinsurance claims for $1.4 million

Six home builders deny wrongdoing
Published on Oct 29, 2007

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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 ...

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