Mortgage Guaranty Insurance Corporation

The CFPB filed complaints and proposed consent orders against four national mortgage insurance companies in order to stop improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business, which have been prevalent for more than 10 years. The proposed orders require the four mortgage insurers to pay more than $15 million in penalties to the CFPB.

Related documents

Complaint for Permanent Injunction and Other Relief

Final Consent Judgement and Order

Press release

The CFPB Takes Action Against Mortgage Insurers to End Kickbacks to Lenders