Primary Mortgage Insurance definition

Primary Mortgage Insurance. Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

Primary Mortgage Insurance means any policy of primary mortgage insurance.

Primary Mortgage Insurance. The insurance provided under any Primary Mortgage Insurance Policy.

Examples of Primary Mortgage Insurance in a sentence

• 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.

• 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.

• 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.

• The Master Servicer shall promptly deliver or cause to be delivered to the Trustee (or the Custodian, as directed by the Trustee), upon the execution or receipt thereof the originals of any Primary Mortgage Insurance Policies, any certificates of renewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

• If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Servicer shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

More Definitions of Primary Mortgage Insurance

Primary Mortgage Insurance. Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Loan.

Primary Mortgage Insurance. Gov't Insurance HUD Part A _________ (18a) HUD Part B _________ (18b) (19) Pool Insurance Proceeds _________ (19) (20) Proceeds from Sale of Acquired Property _________ (20) (21) Other (itemize) _________ (21) __________________ _________ TOTAL CREDITS $________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $________ (23)

Primary Mortgage Insurance. Policy: Mortgage guaranty insurance, if --------------------------------- any, on an individual Mortgage Loan, as evidenced by a policy or certificate.

Primary Mortgage Insurance. Gov't Insurance HUD Part A ___________ (18a) HUD Part B ___________ (18b) (19) Pool Insurance Proceeds ___________ (19) (20) Proceeds from Sale of Acquired Property ___________ (20) (21) Other (itemize) ___________ (21) _______________________________________________ ___________ TOTAL CREDITS $__________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $__________ (23) Exhibit Four-12 Escrow Disbursement Detail TYPE PERIOD OF BASE (TAX/INS.) DATE PAID COVERAGE TOTAL PAID AMOUNT PENALTIES INTEREST EXHIBIT FIVE Special Foreclosure Rights Section

Primary Mortgage Insurance. Gov't Insurance HUD Part A _________ (18a) HUD Part B _________ (18b)

Primary Mortgage Insurance. Gov't Insurance HUD Part A _________ (18a) HUD Part B _________ (18b) (19) Pool Insurance Proceeds _________ (19) (20) Proceeds from Sale of Acquired Property _________ (20) (21) Other (itemize) _________ (21) __________________ _________ TOTAL CREDITS $________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $________ (23) Escrow Disbursement Detail TYPE PERIOD OF BASE (TAX/INS.) DATE PAID COVERAGE TOTAL PAID AMOUNT PENALTIES INTEREST ---------- --------- --------- ---------- ------ --------- -------- EXHIBIT SEVEN Special Foreclosure Rights Section (a) For purposes of this Exhibit K the term "Securityholder" shall mean the entity that holds a majority interest in the most subordinated class of securities issued in the securitization outstanding from time to time

Primary Mortgage Insurance. Gov't Insurance ________________ (18a) HUD Part A ________________ (18b) HUD Part B (19) Pool Insurance Proceeds ________________ (19) (20) Proceeds from Sale of Acquired Property ________________ (20) (21) Other (itemize) ________________ (21) _________________________________________ ________________ (21) TOTAL CREDITS $________________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $________________ (23) ESCROW DISBURSEMENT DETAIL TYPE (TAX /INS.) DATE PAID PERIOD OF COVERAGE TOTAL PAID BASE AMOUNT PENALTIES INTEREST ----------- --------- ------------------ ---------- ----------- --------- -------- EXHIBIT Q SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE The assessment of compliance to be delivered by [the Company] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria": SERVICING CRITERIA APPLICABLE -------------------------------------------------------------------------------------------------------- SERVICING REFERENCE CRITERIA CRITERIA --------- ------------------------------------------------------------------------------------- ---------- GENERAL SERVICING CONSIDERATIONS 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers X and events of default in accordance with the transaction agreements. 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and X procedures are instituted to monitor the third party's performance and compliance with such servicing activities. 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party X participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. CASH COLLECTION AND ADMINISTRATION 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts X and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are X made only by authorized personnel. 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, X and a...