Insured Mortgages definition

Insured Mortgages means Mortgages, the principal repayment of which have been insured with CMHC or another commercially recognized mortgage insurer.
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Insured Mortgages. All Mortgages for which pool mortgage insurance is obtained under an MPI Policy, which shall include all Applicable Mortgages. Insurer: Radian Guaranty, Inc., or any successor insurance company approved by ▇▇▇▇▇▇▇ Mac that provides an MPI Policy.
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Examples of Insured Mortgages in a sentence

  • Concurrent Transfers of Servicing of any Applicable or Insured Mortgages under this Pool Insurance Agreement shall not be permitted.

  • Seller shall promptly update this information for Insurer if the special characteristics code for any Applicable Mortgage or Insured Mortgage is determined to be 001, 033 or 531, if any Insured Mortgages are repurchased by Seller.

  • Seller’s obligations to comply with the terms of the MPI Policy and this Pool Insurance Agreement shall be in addition to, and not in lieu of, its obligations to comply with the terms of the primary mortgage insurance policy, and the provisions of the other Purchase Documents, applicable to the Insured Mortgages.

  • Seller shall also provide Insurer with all assumption and delinquency information and all other reports requested by the Insurer or required by the MPI Policy relating to the Insured Mortgages.

  • If Seller at any time determines that the current unpaid principal balance of an Insured Mortgage as reflected on the records of the Insurer or ▇▇▇▇▇▇▇ Mac is different than the actual unpaid principal balance of such Insured Mortgage, Seller shall notify ▇▇▇▇▇▇▇ Mac in writing, and shall provide ▇▇▇▇▇▇▇ Mac’s Transaction Manager with the actual unpaid principal balance of all such Insured Mortgages.

  • Subsequent Transfers of Servicing of any Applicable or Insured Mortgages under this Pool Insurance Agreement shall be considered by ▇▇▇▇▇▇▇ Mac only after a written request has been submitted to ▇▇▇▇▇▇▇ Mac in accordance with the requirements set forth in the Guide.

  • From time to time, Seller shall provide Insurer with all reports and information relating to the Applicable Mortgages and Insured Mortgages requested by the Insurer or required by the MPI Policy in the manner proscribed by the MPI Policy.

  • Such information, at a minimum, shall include information relating to identification of the Insured Mortgages, such as the ▇▇▇▇▇▇▇ Mac Loan Numbers, for each Insured Mortgage.

  • The limitations contained in this Section 6.2(g) shall not apply to investments in Participating Insured Mortgages or other MBS.

  • The aggregate unpaid balance of the Insured Mortgages shall be verified and reconciled by ▇▇▇▇▇▇▇ Mac at the time the MPI Policy is issued and in each subsequent month in which Insured Mortgages are delivered.