Will shutting down captive reinsurance affiliates reduce the cost of mortgage insurance to borrowers?

On April 4, the Consumer Financial Protection Bureau announced that it had taken "enforcement actions to end what the bureau believes to be improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business." The kickbacks take the form of dividends paid by captive reinsurers that purport to be a risk-sharing device but are ... (more)

http://www.islandpacket.com/2013/04/10/2457003/will-shutting-down-captive-reinsurance.html