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Home / Opinion Digests / 4th Cir.: Not all mortgage loans require LPMI disclosures (access required)

4th Cir.: Not all mortgage loans require LPMI disclosures (access required)

In a class action against Bank of America for failure to provide information regarding lender-paid mortgage insurance, the district court did not err in concluding that the Plaintiffs’ type of mortgage loans didn’t require such disclosures under the Homeowners Protection Act. Background Each Plaintiff in this case obtained a 30-year, fixed-rate mortgage loan between 2007 and 2008 ...