Mortgage Insurance Certificate definition

Mortgage Insurance Certificate. The certificate evidencing an FHA Insurance Contract.
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Mortgage Insurance Certificate. The original Mortgage Insurance Certificate, if applicable. EXHIBIT B FORM OF PURCHASE CONFIRMATION [COUNTRYWIDE LETTERHEAD] [DATE] Barclays Bank PLC 200 Park Avenue New York, New York 10166 Attn: [XXXXXXX, XXXXX] Xx: Xxxxxxxx Xxxxxxxation ($x.xmm) (Deal No. xxxx-xxx) Ladies and Gentlemen: This purchase confirmation (the "Purchase Confirmation") between Countrywide Home Loans, Inc. ("Countrywide") and Barclays Bank PLC ("Purchaser") sets forth our agreement pursuant to which Purchaser is purchasing, and Countrywide is selling those certain mortgage loans identified in Exhibit A hereto and more particularly described herein, excluding the servicing rights related thereto (the "Mortgage Loans"). The purchase, sale and servicing of the Mortgage Loans as contemplated herein shall be governed by that certain Master Mortgage Loan Purchase Agreement dated as of [DATE], between Countrywide and Purchaser (as amended herein and otherwise, the "Purchase Agreement") and that certain Servicing Agreement dated as of [DATE] between Countrywide and Purchaser (both the Purchase Agreement and the Servicing Agreement shall be referred to herein, as applicable, as the "Agreement"). By executing this Purchase Confirmation, each of Countrywide and Purchaser again makes, with respect to itself and each Mortgage Loan, as applicable, all of the covenants, representations and warranties made by each such party in the Agreement, except as the same may be amended by this Purchase Confirmation. All exhibits hereto are incorporated herein in their entirety. In the event there exists any inconsistency between the Agreement and this Purchase Confirmation, the latter shall be controlling notwithstanding anything contained in the Agreement to the contrary. All capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
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Mortgage Insurance Certificate. An original HUD Form 59100 signed by HUD which identifies the Mortgage Loan it accompanies.
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Examples of Mortgage Insurance Certificate in a sentence

  • The number is located on the Loan Guarantee Certificate (LGC) or the Mortgage Insurance Certificate (MIC).

  • The undersigned lender/mortgagee makes the following certifications to induce the Department of Veterans Affairs to issue a certificate of commitment to guarantee the subject loan or a Loan Guaranty Certificate under Title 38, U.S. Code, or to induce the Department of Housing and Urban Development - Federal Housing Commissioner to issue a firm commitment for mortgage insurance or a Mortgage Insurance Certificate under the National Housing Act.

  • For applications for insurance involv- ing mortgages not eligible to be origi- nated under the Direct Endorsement program under § 203.5, or under the Lender Insurance program under § 203.6, the Secretary will either endorse the mortgage for insurance by issuing a Mortgage Insurance Certificate, pro- vided that the mortgagee is in compli- ance with the firm commitment, or will electronically acknowledge that the mortgage has been insured.

  • This Loan Agreement shall bind the Secretary only when and if the Secretary has signed and a Mortgage Insurance Certificate is issued for the Security Instrument.

  • If, following this review, the mortgage is determined to be eligible, the Secretary will endorse the mort- gage for insurance by issuance of a Mortgage Insurance Certificate.

  • Enter the endorsement date that appears on the Mortgage Insurance Certificate.

  • When the case binder is complete, the lender submits it to the local HUD office and a Mortgage Insurance Certificate is issued, endorsing the mortgage for insurance.

  • FHA Mortgage Insurance Certificate, or the VA Loan Guaranty or USDA/Rural Development Guaranty, as applicable.

  • The original recorded Mortgage and original recorded Assignment of Mortgage Note and Mortgage and the final Title Guaranty Certificate and FHA Mortgage Insurance Certificate or VA Loan Guaranty Certificate or USDA Rural Development Guaranty must be submitted to the Servicer within sixty (60) days from the Purchase Date of the subject Mortgage Loan.

  • Mortgage Insurance Certificate - Insurance policy (called PMI or private mortgage insurance on conventional loans) written to protect the mortgage lender against loss incurred by a mortgage default, thus enabling the lender to lend at higher than an 80 percent loan to value.


More Definitions of Mortgage Insurance Certificate

Mortgage Insurance Certificate means the certificate evidencing a FHA Insurance Contract.
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Mortgage Insurance Certificate. The original Mortgage Insurance Certificate, if applicable. EXHIBIT B FORM OF ACKNOWLEDGMENT AGREEMENT On this __th day of [________], 200__, X.X. Xxxxxx Mortgage Acquisition Corp., (the “Purchaser”) as the Purchaser under that certain Servicing Agreement dated as of October 1, 2005, (the “Agreement”), does hereby contract with Countrywide Home Loans Servicing LP (the “Servicer”) as Servicer under the Agreement, for the servicing responsibilities related to the Mortgage Loans listed on the Mortgage Loan Schedule attached hereto. The Servicer hereby accepts the servicing responsibilities transferred hereby and on the date hereof assumes all servicing responsibilities related to the Mortgage Loans identified on the attached Mortgage Loan Schedule all in accordance with the Agreement. The contents of each Servicing File required to be delivered to service the Mortgage Loans pursuant to the Agreement have been or shall be delivered to the Servicer by the Purchaser in accordance with the terms of the Agreement. All other terms and conditions of this transaction shall be governed by the Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement. This Acknowledgment Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument.
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Mortgage Insurance Certificate means the certificate or other mutually agreed upon evidence of an FHA Insurance Contract.
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Related to Mortgage Insurance Certificate

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit 1.1(P)(2) or any other form reasonably acceptable to the Administrative Agent.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).