Are lenders required to disclose Lender Paid Mortgage Insurance to borrowers?
Written By: admin on December 11, 2009
One Comment
I’ve recently tried to refinance through the HARP program and was told I could not because the company servicing the lender paid mortgage insurance on my loan does not participate in the HARP program. The issue is that I was never made aware that my loan had mortgage insurance. I’ve done research and found that The Homeowners Protection Act requires that lenders tell LPMI. Is this the case? And, if so, what are my options?
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Tags: harp program, homeowners protection act, insurance, lenders, mortgage insurance, mortgage lenderTags: harp program, homeowners protection act, insurance, lenders, mortgage insurance
hire a RE attorney, and pay the $100 consultation fee, or whatever it is, the money spent could save you a bundle. Or maybe if you have a city/county help program, they could help. Question around, to neighbors, your bank, etc for help. maybe call your state representative and tell them you are a voter, they may also help. excellent luck.