LoanCare lays off undisclosed number of workers

Mortgage subservicer LoanCare conducted a round of layoffs on June 17, as the need to assist borrowers affected by the pandemic continues to decline. LoanCare routinely manages its resources in conjunction with its work requirements, Dave Worrall, its president, said in a statement. Because of COVID-19, Congress mandated servicers to grant forbearances to mortgage borrowers … Read more

Motorist loses dispute over undisclosed pre-existing damage – Daily – Insurance News

Motorist loses dispute over undisclosed pre-existing damage 16 June 2022 A driver who wanted his insurer to repair his car and restore it to its pre-accident condition after a collision has lost a claim dispute because he failed to disclose pre-existing damage when purchasing a comprehensive motor policy six months earlier. The claim was made … Read more