Common use of Mortgage Insurance Clause in Contracts

Mortgage Insurance. Mortgage insurance is required on all loans with loan to value ratios in excess of 80.1%. Coverage is required as follows: 95.01 to 97% LTV 35% Coverage for a 25 year to 30 year term 95.01% to 97% LTV 30% coverage for under 25 years 90.01% to 95% LTV 30% coverage regardless of loan term 80.01% to 90% LTV 25% coverage regardless of loan term Loans with LTV’s of 80.0% or less are not required to carry mortgage insurance. The following private mortgage insurance companies are approved to participate in the program. Genworth Mortgage Insurance Company Mortgage Guaranty Insurance Corp. Radian Group Inc. United Guaranty Residential Insurance Company

Mortgage Insurance. Mortgage insurance is required on all loans with loan to value ratios in excess of 80.1%. Coverage is required as follows: 95.01 to 97% LTV 35% Coverage for a 25 year to 30 year term 95.01% to 97% LTV 30% coverage for under 25 years 90.01% to 95% LTV 30% coverage regardless of loan term 80.01% to 90% LTV 25% coverage regardless of loan term Loans with LTV’s of 80.0% or less are not required to carry mortgage insurance. The following private mortgage insurance companies are approved to participate in the program. Genworth Mortgage Insurance Company Mortgage Guaranty Insurance Corp. National Mortgage Insurance Corporation Radian Group Inc. United Guaranty Residential Insurance Company

Mortgage Insurance. Mortgage insurance is required on all loans with loan to value ratios in excess of 80.1%. Coverage is required as follows: 95.01 to 97% LTV 35% Coverage for a 25 year to 30 year term 95.01% to 97% LTV 30% coverage for under 25 years 90.01% to 95% LTV 30% coverage regardless of loan term 80.01% to 90% LTV 25% coverage regardless of loan term Loans with LTV’s of 80.0% or less are not required to carry mortgage insurance. The following private mortgage insurance companies are approved to participate in the program. Essent Guaranty, Inc. Genworth Mortgage Insurance Company Mortgage Guaranty Insurance Corp. National Mortgage Insurance Corporation Radian Group Inc. United Guaranty Residential Insurance Company