Take a Closer Look at Your Liability Coverage, Experts Advise Lenders
June 30, 2008
Mortgage lenders should re-evaluate their existing directors and officers (D&O), errors and omissions (E&O), and commercial general liability insurance policies to make sure they are adequately covered in the event of a subprime-related lawsuit, experts say. Even when allegations against a subprime lender satisfy a policy’s coverage provisions, insurance companies will likely assert a...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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