Wire report
Michigan Joins Settlement Against Mortgage Servicer Over ‘Force-Placed’ Insurance
The Michigan Department of Insurance and Financial Services (DIFS) joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. …
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The Michigan Department of Insurance and Financial Services (DIFS) joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. …
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What happened
According to Insurance Journal’s source item, Michigan Joins Settlement Against Mortgage Servicer Over ‘Force-Placed’ Insurance, The Michigan Department of Insurance and Financial Services (DIFS) joined 48 state financial regulatory agencies in reaching a $15.5 million settlement with mortgage servicer NewRez for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. …
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-09-01T15:24:18+00:00.
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Source
Primary source: Michigan Joins Settlement Against Mortgage Servicer Over ‘Force-Placed’ Insurance via Insurance Journal. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Michigan Joins Settlement Against Mortgage Servicer Over ‘Force-Placed’ InsuranceInsurance Journal - 2026-09-01T15:24:18+00:00
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