Mortgage Insurance Premium Rate definition

Mortgage Insurance Premium Rate. With respect to a Covered Mortgage Loan and any Distribution Date, the per annum rate equal to a fraction (expressed as a percentage), the numerator of which is equal to the portion of the Mortgage Insurance Premium payable with respect to such Distribution Date attributable to such Covered Mortgage Loan multiplied by twelve and the denominator of which is equal to the Stated Principal Balance of such Covered Mortgage Loan.
Mortgage Insurance Premium Rate. As to each Mortgage Loan covered by the MI Policy, the per annum rate applicable to such Mortgage Loan as set forth in the MI Policy and as may be adjusted from time to time.
Mortgage Insurance Premium Rate. With respect to each MI Mortgage Loan, the applicable loan-level rate per annum set forth on the Mortgage Loan Schedules.

Examples of Mortgage Insurance Premium Rate in a sentence

  • No such modification shall reduce the Mortgage Rate on a Mortgage Loan below the greater of (A) one-half of the Mortgage Rate as in effect on the Cut-off Date and (B) one-half of the Mortgage Rate as in effect on the date of such modification, but not less than the sum of the Servicing Fee Rate, the related Mortgage Insurance Premium Rate, if any, and the per annum rate at which the Subservicing Fee accrues.

  • No such modification shall reduce the Mortgage Rate on a Mortgage Loan below the greater of (A) one-half of the Mortgage Rate as in effect on the Cut-off Date and (B) one-half of the Mortgage Rate as in effect on the date of such modification, but not less than the sum of the rates at which the Servicing Fee, the Subservicing Fee and the Mortgage Insurance Premium Rate accrue.

  • The upfront premium is calculated as follows: Upfront Premium Payment = Origination Amount before upfront premium * Mortgage Insurance Premium Rate (%) In practice, the FHA offers a premium finance program to those qualified for mortgage insurance.

  • No party shall be liable for any failure to perform its obligations in connection with any action described in this Agreement, if such failure results from any act of God, riot, war, civil unrest, flood, earthquake, or other cause beyond such party's reasonable control (including any mechanical, electronic, or communications failure, but excluding failure caused by a party's financial condition or negligence).

  • The NAHA Annual Premium Schedule for new mortgage originations is shown below in Exhibit B-4: Exhibit B-4 Insurance Premiums for SRs are shown in Exhibit B-5 below: Exhibit B-5 Upfront Premium The up-front premium is calculated as follows: Up-front Premium Payment = Origination Amount before upfront premium *Mortgage Insurance Premium Rate (percentage) In practice, the FHA offers a premium finance program to those qualified for mortgage insurance.


More Definitions of Mortgage Insurance Premium Rate

Mortgage Insurance Premium Rate. With respect to a Covered Mortgage Loan, the per annum rate set forth for such Covered Mortgage Loan on the Mortgage Loan Schedule.
Mortgage Insurance Premium Rate. The per annum rate equal to a quotient (expressed as a percentage), the numerator of which is equal to the Mortgage Insurance Premium and the denominator of which is equal to the sum of the Stated Principal Balance of the Mortgage Loans and the amount (if any) on deposit in the Pre-Funding Account.
Mortgage Insurance Premium Rate means a per annum rate that varies on a loan-by-loan basis with respect to each Covered Mortgage Loan. The weighted average Mortgage Insurance Premium Rate for each of the Covered Mortgage Loans under the United Guaranty Mortgage Insurance Policy is 1.774% per annum and the weighted average Mortgage Insurance Premium Rate for each of the Covered Mortgage Loans under the MGIC Mortgage Insurance Policy is 1.897% per annum.
Mortgage Insurance Premium Rate. With respect to a Covered Mortgage Loan and any Distribution Date, the per annum rate equal to a quotient (expressed as a percentage), the numerator of which is equal to the portion of the Mortgage Insurance Premium payable with respect to such Distribution Date attributable to such Covered Mortgage Loan times twelve and the denominator of which is equal to the Stated Principal Balance of such Covered Mortgage Loan.
Mortgage Insurance Premium Rate. The rate at which the Mortgage Insurance Premium accrues on each Mortgage Loan, as set forth on the Mortgage Loan Schedule.
Mortgage Insurance Premium Rate means a per annum rate that varies on a loan-by-loan basis with respect to each Covered Mortgage Loan. The weighted average MortgageInsurance Premium Rate for each of the Covered Mortgage Loans under the Mortgage Insurance Policy is 2.214% per annum. “Net Rate Cap” for each Distribution Date means:
Mortgage Insurance Premium Rate. With respect to the MI Mortgage Loans, 1.06% per annum.