Mortgage Insurance definition

Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

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Mortgage Insurance means credit insurance that provides cover to lenders in case their mortgage loans default.

Mortgage Insurance means insurance against loss caused by default on the part of a borrower under a loan secured by a mortgage or charge on, or other security interest in, real property; (assurance prêt hypothécaire)

Examples of Mortgage Insurance in a sentence

MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company.
The number is located on the Loan Guarantee Certificate (LGC) or the Mortgage Insurance Certificate (MIC).
Pursuant to Section 4.01, any amounts collected by the Master Servicer or any Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Collection Account, subject to withdrawal pursuant to Section 4.02.
LPMI Cost NUMBER(7,7) The current premium paid to the PMI company for Lender Paid Mortgage Insurance.
The Trustee (or the Custodian, as directed by the Trustee), shall retain possession and custody of the originals (to the extent available) of any Primary Mortgage Insurance Policies, or certificate of insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement.

More Definitions of Mortgage Insurance

Mortgage Insurance means an insurance policy that compensates the lender for losses due to the borrower’s default;

Mortgage Insurance means insurance written by an independent mortgage insurance company to protect the mortgage lender against loss incurred in the event of a default by a borrower under the mortgage loan;

Mortgage Insurance means the default insurance provided by private mortgage insurance companies on certain Mortgage Loans, whether lender-paid or borrower-paid.

Mortgage Insurance means any mortgage insurance or guaranty relating to a Loan issued by a Mortgage Insurer.

Mortgage Insurance. In the event the Mortgage Loan had an LTV greater than 80.0% at origination, the excess of the principal balance of the Mortgage Loan over 75.0% of the Appraised Value, was insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer; except that where such insurance was impermissible at origination under applicable law, such Mortgage Loan was originated in compliance with applicable law. Unless the Primary Mortgage Insurance Policy for a Mortgage Loan was either cancelled upon borrower request or terminated, in either case in accordance with applicable law or the requirements of ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac, all provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid.. No action, inaction, or event has occurred and no state of facts exists that has or will result in the exclusion from, denial of, or defense to coverage. Any Mortgage Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain the Primary Mortgage Insurance Policy and to pay all premiums and charges in connection therewith or, in the case of a lender paid Primary Mortgage Insurance Policy, the premiums and charges are included in the Mortgage Interest Rate.

Mortgage Insurance. “Mort- gage insurance” means insurance against fi- nancial loss by reason of:

Mortgage Insurance means insurance against loss caused by default on the part of a borrower under a loan secured by a mortgage on real property, a hypothec on immovable property or an interest in real or immovable property; (assurance-hypothèque)