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CFPB Nails Mortgage Insurers For Illegal Kickbacks to Lenders 

Apr 04, 2013By

The Consumer Financial Protection Bureau today announced four enforcement actions against four of the largest mortgage insurers for their participation in kickbacks paid by mortgage insurers to lenders in exchange for business.  The companies, including Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, Radian Guaranty Inc., and United Guaranty Corporation are required to pay a collective $15 million […]