Collateral protection insurance
Collateral Protection Insurance, or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions.
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Look Who's Pushing Homeowners Off the Foreclosure Cliff - Bloomberg
Posted by admin / Under Collateral Protection Insurance
 Bloomberg | Look Who's Pushing Homeowners Off the Foreclosure Cliff Bloomberg Most mortgages also allow the lender to purchase insurance for the home and “force-place” it if a policy lapses or is deemed insufficient. These standard provisions are meant to protect the lender's collateral -- the property -- if a calamity occurs. |
Published on Tuesday 22nd of May 2012 11:27:41 PM
American Financial Group, Inc. Announces First Quarter Earnings - MarketWatch (press release)
Posted by admin / Under Collateral Protection Insurance
American Financial Group, Inc. Announces First Quarter Earnings MarketWatch (press release) Specialty Financial includes risk management insurance programs for lending and leasing institutions (including collateral and mortgage protection insurance), surety and fidelity products and trade credit insurance. |
Published on Tuesday 22nd of May 2012 11:27:41 PM
Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure - Huffington Post
Posted by admin / Under Collateral Protection Insurance
Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure Huffington Post Most mortgages also allow the lender to purchase insurance for the home and “force-place” it if a policy lapses or is deemed insufficient. These standard provisions are meant to protect the lender's collateral -- the property -- if a calamity occurs. |
Published on Tuesday 22nd of May 2012 11:27:41 PM
Consumer bureau to propose new rules for mortgage servicers - Los Angeles Times
Posted by admin / Under Collateral Protection Insurance
Consumer bureau to propose new rules for mortgage servicers Los Angeles Times •Insurance options: Servicers are responsible for ensuring that adequate fire insurance is maintained on the mortgaged property. If it isn't, they have every right to purchase coverage to protect the collateral. This is known as "force-placed" ... |
Published on Tuesday 22nd of May 2012 11:27:41 PM
AM Best: Century-National Upgraded to A - Insurance Journal
Posted by admin / Under Collateral Protection Insurance
AM Best: Century-National Upgraded to A Insurance Journal AM Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” of Century-National Insurance Co. in North Hollywood, Calif. The outlook for both ratings has been revised to stable ... |
Published on Tuesday 22nd of May 2012 11:27:41 PM
U.S. Banks Sold More Swaps on European Debt as Risks Rose - Bloomberg
Posted by admin / Under Collateral Protection Insurance
 Bloomberg | U.S. Banks Sold More Swaps on European Debt as Risks Rose Bloomberg US banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated. Guarantees provided by US lenders on government, ... US Banks Sold More Swaps on European Debt as Risks Rose |
Published on Tuesday 22nd of May 2012 11:27:41 PM
A lien can hit your home-equity line - MarketWatch
Posted by admin / Under Collateral Protection Insurance
A lien can hit your home-equity line MarketWatch Like it or not, servicers are responsible for ensuring that owners maintain adequate fire and flood insurance on the mortgaged property. And if you don't, the servicer has every right to purchase coverage to protect its collateral. |
Published on Tuesday 22nd of May 2012 11:27:41 PM
Intercontinental Says SEC Fails to Act on Swaps Clearing - BusinessWeek
Posted by admin / Under Collateral Protection Insurance
Intercontinental Says SEC Fails to Act on Swaps Clearing BusinessWeek Swaps users prefer CFTC accounts in part because they provide better protection for collateral, he said. Intercontinental's request is supported by the Managed Funds Association, a trade and lobbying group for hedge funds, it said in a letter to the ... |
Published on Tuesday 22nd of May 2012 11:27:41 PM
JPMorgan: Another Reason CDS Should Be Regulated As Insurance - Seeking Alpha
Posted by admin / Under Collateral Protection Insurance
JPMorgan: Another Reason CDS Should Be Regulated As Insurance Seeking Alpha Similarly, lack of an insurable interest in life insurance would lead to murder for profit. Moral hazard is created when the buyer of insurance is motivated to desire a loss. JPMorgan sold protection referencing CDX IG NA Series 9, a somewhat obscure ... |
Published on Tuesday 22nd of May 2012 11:27:41 PM
IASIS loan part of MPH plan - Hope Star
Posted by admin / Under Collateral Protection Insurance
IASIS loan part of MPH plan Hope Star Once finalized by Mixon, the filings will provide MPH Receiver Jack Spencer the ability to use cash collateral in financing operations at MPH; will subordinate all liens and claims in bankruptcy to the first claim of IASIS/Wadley; and, will protect the ... |
Published on Tuesday 22nd of May 2012 11:27:41 PM
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