Insurance for Mortgage


Insurance for Consumer


CFPB Mortgage Rules
Effective January 10, 2014

the CFPB Publications

1. CFPB Fact Sheet

2. CFPB Summary


Lenders Financial Insurance Services
specializes in insurance programs that are used by financial institutions in the daily course of their business.   These include banks, credit unions, mortgage companies, and real estate companies. 

Reducing Risk.  Lowering Cost.  It's a simple philosophy.  If it's good for the client, then it's good for Lenders Financial Insurance Services.  Thus, we measure our success by maximizing the insurance efficiencies - through insurance - that are available to our clients.  We work with our clients, using both traditional and innovative insurance solutions to lower their risk, and reduce their costs.

Lenders Financial can discuss a multitude of ideas, solutions, and innovations to current loan operation challenges.  Insurance, like technology, is always changing.  New and better ways of using insurance to "lower risk" and "reduce costs" are regularly being made available to the financial institution marketplace.


Fannie, Freddie Give Some Relief to Foreclosed Homeowners
Wall Street Journal
Mortgage-finance giants Fannie Mae and Freddie Mac will allow homeowners who have been foreclosed upon to repurchase their homes at market value even if they owe more, reversing a policy that prohibited such transactions.

FHA Fund in Black, But Still Misses Projections
National Mortgage News
The Federal Housing Administration's mortgage insurance fund is back in positive territory but still behind schedule to meet its target level, according to an auditor's report released Monday.

Years After the Market Collapse, Sidelined Borrowers Return
NY Times
But now, four years since foreclosures and short sales peaked in the Great Recession, millions of former borrowers have spent the required amount of time on the sidelines, which means they have cleared at least one of the major hurdles required to qualify for another government-backed mortgage.

New Mortgage Standards Deny Former Fed Chief's Application to Re-finance
LA Times
The account by former Federal Reserve Chairman Ben Bernanke of how he couldn't refinance his Washington townhouse seemed the perfect example of mortgage lending standards that many complain are too tight.

Mortgage Originator Fined by CFPB for Bait and Switch Practices
Atlanta Constitution
Atlanta-based Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front fees, failed to honor its advertised rates and then illegally overcharged them for affiliated "third-party" services, CFPB charged.

Fannie Mae Prohibits Seller-Servicers from Taking Compensation on  Lender-Placed Insurance
Read the Servicing Guide announcement SVC-2013-27, issued December 18, 2013 here.

For Some Community Banks, QM Stands for Quitting Mortgages
National Mortgage News
Community banks are being forced to rethink their mortgage strategy as regulatory change and ongoing commoditization redefines the business.

Bank and Insurance Executives Discuss the Merits of Force Placed Insurance
American Banker
Bankers and specialty insurance executives defended their force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended "working group" hosted by regulators recently.


Lenders Financial Insurance Services
(248) 689-2001
(855) 313-1468 (fax)