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Force-Placed Insurance and Information
Requests
1. Force-Placed Insurance – The rule amends the force-placed
insurance disclosures and model forms to account for situations when
the borrower has insufficient, rather than expiring or expired, hazard
insurance on the property and gives servicers the option to include a
borrower's mortgage loan account number on the force-placed
insurance notices.
2. Information Requests - When a borrower requests information
about loan ownership and either Fannie Mae or Freddie Mac is the
owner of the loan or trustee of the securitization trust that holds it, the
servicer may provide the name and contact information for the GSE but
is not required to give the trust name and contact information unless
the borrower specifically asks for it.
