Rehabilitator: Insurers In Rehabilitation Are Owed Funds In Reinsurance Trust
(September 9, 2016, 8:29 AM EDT) -- CHICAGO — A mortgage insurance reinsurer on Aug. 17 removed to a federal court in Illinois a case in which the rehabilitator of two insurers alleges that the reinsurer violated the Real Estate Settlement Procedures Act (RESPA) with alleged kickbacks to certain captive mortgage lenders affiliated with the reinsurer (People of the State of Illinois, ex rel., Acting Director of Insurance, Anne Melissa Dowling v. HMC Reinsurance Company, a Vermont Corporation, No. 16-cv-08156, N.D. Ill.).
(Removal notice with complaint as exhibit available. Document #10-160923-012N.)