From speaker Peter Christensen, attorney with Liability Insurance Administrators:
Nationstar Mortgage, formerly Centex Home Equity, is now filing lots of complaints. Chase was filing lots of complaints but they have slowed down significantly, probably because of state boards who said they were spending way to much time replying to their "generic" complaint letters. A new trend is mortgage insurance companies filing complaints filing state appraisal boards.
They are paying lots of claims due to losses of lenders on their loans.
Thank you to Ann O'Rourke for this.
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