Florida borrowers were charged $795 million of a total $3.3 billion in premiums nationwide for force-placed coverage against flood, wind and all other perils, the data shows. The state’s 24.1% share ...

Lenders force-place insurance when borrowers fail to maintain coverage required as part of a loan or lease. Force-placed insurance is usually more expensive and doesn’t provide coverage for your ...

Commercial real estate distress has been on the rise as more property owners struggle to stay current with their loans. But the rising cost of insurance is adding a new threat for small landlords: ...

Attorney Adam Moskowitz says banks that impose hefty insurance policies on homeowners whose insurance have lapsed may be losing the legal fight against irate borrowers and Fannie Mae. When Mark ...

Attorneys suing banks and insurers say rule changes by Fannie Mae and Freddie Mac could finally put an end to the gouging of homeowners on forced-place insurance policies.

Learn the impact and consequences—and what to do next If you have a mortgage on your home, your lender probably requires you to have homeowners insurance. Insurance companies sometimes cancel existing ...

ALBANY, N.Y. (AP) — Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails ...