What is a non-high-risk loan if the borrower cannot even insure the collateral?
How and why did this happen? A bank should have a specific policy as to how, when and what agency is used for force placed insurance. How can one loan be treated differently? When you treat one or more loans different than the majority of your loans, then you have fair lending risks.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com