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Regulators probing alleged mortgage insurance kickback scheme – Los Angeles Times

Regulators probing alleged mortgage insurance kickback scheme – Los Angeles Times

WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing its first action Thursday, said the investigation revolves around a scheme in which banks and other lenders required private mortgage insurers […]

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