Mortgage insurers settle with U.S. regulator over alleged kickbacks
WASHINGTON, April 4
WASHINGTON, April 4 (Reuters) - Four mortgage insurers settled claims from the U.S. consumer watchdog that they paid kickbacks to mortgage lenders in exchange for business.
Genworth Financial unit Mortgage Insurance Corp, American International Group Inc's United Guaranty Corp, Radian Group Inc's Radian Guaranty Inc and MGIC Investment Corp's Mortgage Guaranty Insurance Corp agreed to pay $15 million to resolve the allegations, the Consumer Financial Protection Bureau said on Thursday.
The insurers neither admitted nor denied the regulator's findings, according to the orders.
- Six people injured when camera catches fire at 30 Rockefeller Plaza
- Israel says shoots down Gaza drone as calls for truce mount |
- Israel holds off on escalating Gaza barrage; West wants truce |
- Exclusive: YouTube weighs funding efforts to boost premium content - sources
- Russia warns Ukraine after shell crosses border |