In what I’m sure is a big disappointment to some, the only lender to require borrowers to purchase sinkhole activity coverage, U.S. Bank, has just announced it will no longer do so.
Activists used the false threat of foreclosure as a tool to limit Citizens sinkhole rate increase. That’s done and over with but, the damage from it’s doing is not. [Read more…] about U.S. BANK…Rescinds Sinkhole Requirement!