Qualified Mortgage Insurer definition

Qualified Mortgage Insurer. Any mortgage insurer that is Xxxxxx Xxx and Xxxxxxx Mac approved.
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Qualified Mortgage Insurer. American Guaranty Corporation, Commonwealth Mortgage Assurance Company, General Electric Mortgage Insurance Companies, Mortgage Guaranty Insurance Corporation, PMI Mortgage Insurance Company, Republic Mortgage Insurance Company or United Guaranty Residential Insurance Corporation.
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Qualified Mortgage Insurer. Any mortgage insurer that is Fannie Mae and Freddie Mac approved.
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Examples of Qualified Mortgage Insurer in a sentence

  • The Plan Tool should be used by Green Deal Providers who need to:• Associate energy savings generated by an Occupancy Assessment or a Green Deal Improvement Package with a ‘ Pending’ Green Deal Plan;• Populate the disclosure information that is added to the EPC;• Update information about Provider contact details, Plan Uplift details or measure paid- off dates for a Green Deal Plan once it has gone ‘Live’.

  • Approved Lenders must use appraisers having appropriate experience and qualifications, and approvals, when applicable, from the Qualified Mortgage Insurer.

  • This request must be accompanied by a statement from the Qualified Mortgage Insurer, if any, that the exception will not adversely affect the insurance coverage.

  • Any endorsement required by the Qualified Mortgage Insurer insuring the Program Loan, such as an Endorsement for Environmental Protection Lien, must be added to the title insurance policy.

  • A titling exemption from the DMV must be obtained on those manufactured on or after June 15, 1976 and has not been previously exempt from titling.RECORDING DOCUMENTSThe Deed of Trust, Addendum to Deed of Trust (SFMP 9A), and any addenda required by the Qualified Mortgage Insurer must be recorded as one document.

  • If the Qualified Mortgage Insurer agrees to assist with the sale, the Approved Servicer must contact the Department for approval.Any Assumption of a Program Loan is subject to the approval of the Qualified Mortgage Insurer prior to closing the transaction.The Substitution Agreement (SFMP 104) shall be prepared prior to loan closing by the Approved Servicer and sent to the Department for signature.

  • If a Conventional Loan is more than 90 days delinquent and it cannot be brought current through the sale, the Approved Servicer may contact the Qualified Mortgage Insurer to request financial assistance.

  • See Freddie Mac, Private Mortgage Insurer Eligibility Requirements § 707 (2015), available at http://www.freddiemac.com/ singlefamily/pdf/PMIERs.pdf; Fannie Mae, Qualified Mortgage Insurer Approval Requirements § 7(E)(iii), (iv) (2003), available at https://www.fanniemae.com/ content/eligibility_information/mortgage-insurers-approval-requirements.pdf.

  • Both girls probably alreadyknew or strongly suspected that I had designed and programmed MOOSE Crossing, but the explicit confirmation was satisfying.

  • Fannie Mae, “Maintaining Approval,” Qualified Mortgage Insurer Approval Requirements, at 4 (December 2003).


More Definitions of Qualified Mortgage Insurer

Qualified Mortgage Insurer. A mortgage guaranty insurance company duly qualified as such under the laws of the states in which the Mortgaged Properties are located if such qualification is necessary to issue the applicable insurance policy or bond, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided, and approved as an insurer by Fxxxxx Mae or Fxxxxxx Mac (or with a different rating as may be required by a Rating Agency in connection with a Securitization Transaction in order to achieve the desired ratings for the securities to be issued).
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Qualified Mortgage Insurer. American Guaranty Corporation, Commonwealth Mortgage Assurance Company, General Electric Mortgage Insurance Companies, Mortgage Guaranty Insurance Corporation, PMI Mortgage Insurance Company, Republic Mortgage Insurance Company or United Guaranty Residential Insurance Corporation, as long as such mortgage insurer remains Fannie Mae and Freddie Mac approved.
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Qualified Mortgage Insurer. A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.
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Qualified Mortgage Insurer. A mortgage guaranty insurance company -------------------------- qualified under the laws of the State of New York to transact a mortgage guaranty insurance business therein and to write the insurance provided by primary mortgage insurance policies and approved as an insurer by FNMA or FHLMC and whose obligations have a rating by each Rating Agency not lower than the rating of the Certificates.
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Related to Qualified Mortgage Insurer

  • Qualified Mortgage A Mortgage Loan that is a “qualified mortgage” within the meaning of Code Section 860G(a)(3) (but without regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective Mortgage Loan to be treated as a “qualified mortgage”, or any substantially similar successor provision).

  • Covered Mortgage Loan Any Mortgage Loan that is covered by a PMI Policy.

  • Modified Mortgage Loan Any Mortgage Loan that has been the subject of a Servicing Modification.

  • Permitted Mortgage means (a) any purchase money mortgage on such Principal Property prior to, simultaneously with or within 180 days after the later of (1) the acquisition or completion of construction or completion of substantial reconstruction, renovation, remodeling, expansion or improvement (each, a “substantial improvement”) of such Principal Property or (2) the placing in operation of such property after the acquisition or completion of any such construction or substantial improvement; (b) Mortgages on a Principal Property existing at the time of acquisition, including acquisition through merger or consolidation; (c) Mortgages existing on the date of the initial issuance of the Notes, Mortgages on assets of a corporation or other business entity existing on the date it becomes a Restricted Subsidiary or is merged or consolidated with the Company or a Restricted Subsidiary or at the time the corporation or other business entity sells, leases or otherwise disposes of its property as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary or Mortgages on the assets of a Subsidiary that is newly designated as a Restricted Subsidiary if the Mortgage would have been permitted under the provisions of this paragraph if such Mortgage was created while the Subsidiary was a Restricted Subsidiary; (d) Mortgages in favor of the Company or a Restricted Subsidiary; (e) Mortgages for taxes, assessments or governmental charges or levies that are not delinquent or that are being contested in good faith; (f) carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanic’s, landlords’ and other similar Mortgages arising in ordinary course of business that are not delinquent or remain payable without penalty or that are being contested in good faith; (g) Mortgages (other than any Mortgage imposed by the Employee Retirement Income Security Act of 1974) consisting of pledges or deposits required in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation; (h) easements, rights-of-way, restrictions, encroachments, imperfections and other similar encumbrances affecting real property that, in the aggregate, are not substantial in amount and do not in any case materially detract from the value of the Principal Property subject thereto or materially interfere with the ordinary conduct of the Company and its Subsidiaries’ business, taken as a whole; (i) Mortgages arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental regulation, including any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any real property; (j) Mortgages arising from filing Uniform Commercial Code financing statements relating solely to leases; and (k) Mortgages to secure Indebtedness incurred to extend, renew, refinance or replace Indebtedness secured by any Mortgages referred to above, provided that the principal amount of the extended, renewed, refinanced or replaced Indebtedness does not exceed the principal amount of Indebtedness so extended, renewed, refinanced or replaced, plus transaction costs and fees, and that any such Mortgage applies only to the same property or assets subject to the prior permitted Mortgage (and, in the case of real property, improvements).

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Deleted Mortgage Loan A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.

  • Registered mortgage loan originator means any individual who:

  • Corrected Mortgage Loan Any Mortgage Loan that had been a Specially Serviced Mortgage Loan but has ceased to be such in accordance with the definition of "Specially Serviced Mortgage Loan" (other than by reason of a Liquidation Event occurring in respect of such Mortgage Loan or a related Mortgaged Property becoming an REO Property).

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • FHA Approved Mortgagee A corporation or institution approved as a mortgagee by the FHA under the Act, and applicable HUD regulations, and eligible to own and service mortgage loans such as the FHA mortgage loans.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Liquidated Mortgage Loan With respect to any Distribution Date, a defaulted Mortgage Loan (including any REO Property) which was liquidated in the calendar month preceding the month of such Distribution Date and as to which the Master Servicer has determined (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of such Mortgage Loan, including the final disposition of an REO Property.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • 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.

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