We are investigating claims on behalf of customers with mortgages who have been forced placed insurance.
When a borrower’s homeowner’s, hazard, flood or wind insurance policy lapses, the bank holding a mortgage may “force place” insurance on the borrower. However, many banks have turned this into a profit center by placing that insurance through their own affiliates at premiums rates that are significantly higher than market rates. By doing this, the banks are able to profit because the higher premiums flow to the banks through the insurance agents that are affiliated with the banks.
We are investigating possible claims on behalf of customers with mortgages who have had forced placed insurance through the following banks:
- Ally Financial
- American Security
- Arvest Bank
- Assurant
- Aurora Loan Services
- Balboa
- Bank of America
- BB&T Mortgage
- Capital One Financial
- CitiMortgage
- Citi
- Citzens Bank
- Citzens Property Insurance Corporation
- Downey Savings and Loans
- Deutsche Bank
- EverBank or EverHome Mortgage
- Freedom Mortgage
- Fifth Third Bank
- First Horizon
- Five Star Bank
- GMAC
- HSBC
- Iberia Bank
- IndyMac Federal Bank
- Loan Care
- M&T Bank
- MetLife Home Loans
- MetLife Home Mortgage
- National Mortgage
- Nationstar Mortgage
- Ocwen Financial Corp
- One West Bank
- PennyMac
- PHH Mortgage
- PNC Bank
- Quicken Loans
- Select Portfolio Services
- Sovereign Bank
- SunTrust
- Sunwest Mortgage
- US Bancorp Mortgage
- US Bank Home Mortgage
- Wachovia
- Walter Investment Management Corp
- Wells Fargo
If you believe that you are suffered harm as a result of the forced place insurance practices by these banks or any other bank, contact us by filling out the form below: