Statement from Governor Andrew M. Cuomo on the Federal Housing Finance Agency’s...

Statement from Governor Andrew M. Cuomo on the Federal Housing Finance Agency’s Proposal on Forced-Placed Insurance Reform

Albany, NY – March 26, 2013 – (RealEstateRama) — “New York’s reforms and the findings of the extensive investigation by the Department of Financial Services continue to serve as a national model and FHFA’s new proposal appears to be another step in that direction.”

For additional information on Governor Cuomo’s announcement last week that a New York State Department of Financial Services investigation produced a major settlement with the country’s largest “force-placed” insurer, Assurant, Inc., which included industry-leading reforms that will save homeowners, taxpayers, and investors millions of dollars going forward through lower rates, please visit: http://www.dfs.ny.gov/about/press2013/pr1303211.htm

Contact:
Governor’s Press Office
NYC Press Office: 212.681.4640
Albany Press Office: 518.474.8418
press.office (at) exec.ny (dot) gov

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