Tag: #InsuranceMisSelling

House

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operations

April 1, 2025

The National Housing Bank (NHB) is ramping up surprise inspections of mortgage lenders to ensure they are operating properly, following a recent fraud case at Aviom Housing Finance, according to two officials familiar with the matter. These surprise checks are in addition to the regular annual credit reviews NHB conducts for housing finance companies (HFCs). […]

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operationsmore

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loans

March 25, 2025

The National Housing Bank (NHB) has strongly criticized home financiers for engaging in the mis-selling of insurance policies tied to housing loans. The regulator has instructed housing finance companies (HFCs) to cease bundling insurance products without fully disclosing their terms and conditions to borrowers. In two separate notices dated December 10, 2024, and March 12, […]

NHB Criticizes Home Financiers for Bundling Insurance Policies with Housing Loansmore