Disputes over insurers' cancellations of mortgage insurance policies because they were obtained through various types of fraud will be on the increase, a legal expert is forecasting.
Rescinding of policies that were procured by fraud "will become more common as mortgage insurers take steps to protect their rights under mortgage insurance policies," predicted Vineet Bhatia, a partner in the Washington office of Susman Godfrey law firm.
"A lot of these cases are going to end up in arbitration because companies will typically have arbitration included in master policy or commitment documents," Mr. Bhatia said.
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