Bloomberg News
"FHFA remains concerned about the cost of lender-placed insurance for Fannie Mae, Freddie Mac, and consumers,” said the FHFA’s acting director, Edward DeMarco. "This directive is intended to reduce their costs as we consider additional measures.”

FHFA's Force-Placed Rules Expected to Have Limited Impact

The directive bars banks that do business with Fannie and Freddie from receiving commissions from insurers, but still lets insurers provide services for free or at a reduced cost.

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