Sentences with phrase «mortgage guaranty»
A mortgage guaranty refers to an agreement where a third party promises to repay a loan if the borrower is unable to make their mortgage payments. It provides a kind of insurance to the lender in case the borrower defaults on their loan. Full definition
Dave is Vice President of Operational Risk at Mortgage Guaranty Insurance Corporation.
loanofficerhub.com
At this time, the loan is submitted to a private mortgage guaranty insurer, who provides extra insurance to the lender in case of default.
Leon T. Kendall, chairman of the board of Mortgage Guaranty Insurance Corp., which insures lenders against mortgage defaults, put it bluntly in his company «s newsletter.
The mortgage insurance subsidiaries of AIG United Guaranty provide mortgage guaranty insurance service to financial institutions worldwide, helping to minimize reliance on government fiscal support through private - sector risk management.
You pay for the VA mortgage guaranty upfront with a funding fee, which you can pay out of pocket or add to your loan amount.
You pay for the VA mortgage guaranty upfront with a funding fee, which you can pay out of pocket or add to your loan amount.
To do this, Karl founded Mortgage Guaranty Insurance Corporation (MGIC) and the rest is history.
Dave is Vice President of Operational Risk at Mortgage Guaranty Insurance Corporation.
• Arch Capital (Nasdaq: AGCL), a Bermuda - based insurance and reinsurance company, is in talks to acquire mortgage guaranty business United Guaranty from A.I.G. (NYSE: AIG) for $ 3.4 billion.
They did not just avoid the area (don't invest in thrifts or banks, don't invest in home building stocks, don't invest in mortgage guaranty insurers) but found vehicles to invest in that would go up as the housing market bubble burst and the mortgages became worthless.
It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp..
MGIC Investment Corporation is a holding company, which through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation is a provider of private mortgage insurance in the United States.
An investor group led by the Ontario Teachers» Pension Plan (Teachers») and including National Mortgage Guaranty Holdings has completed the acquisition of AIG United Guaranty Mortgage Insurance Company Canada from American International Group (AIG).
The Republic Financial Indemnity Group Run - off Business segment consists of mortgage guaranty and consumer credit indemnity operations, which insures first mortgage loans, primarily on residential properties having one - to - four family dwelling units.
contributed $ 250,000 in capital, and he founded Mortgage Guaranty Insurance Corporation, or MGIC, in 1957.
AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, will start serving the Canadian market during the second half of 2006, pending regulatory approval.
The mortgage insurance subsidiaries of AIG United Guaranty provide mortgage guaranty insurance service to financial institutions worldwide.
The modern PMI industry began in 1957 when the Mortgage Guaranty Insurance Company (MGIC) was formed.
As part of the application process, lender and the mortgage guaranty insurer (if any), may verify information contained in my / our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control program.
Now, I admire Marty Whitman and Aldo Zucaro, but so far, their forays into the mortgage guaranty space have not worked out.
U.S. Mortgage Insurers (USMI) Chairman and Mortgage Guaranty Insurance Corporation (MGIC) CEO Patrick Sinks today testified on behalf of USMI in front of the House...
Additionally, USMI members are working closely with the National Association of Insurance Commissioners» Mortgage Guaranty Insurance Working Group as it updates the Mortgage Guaranty Insurance Model Act to strengthen state regulatory standards regarding MI.
WASHINGTON — U.S. Mortgage Insurers (USMI) Chairman and Mortgage Guaranty Insurance Corporation (MGIC) CEO Patrick Sinks today testified on behalf of USMI in front of the House Financial Services Committee's Subcommittee on Housing and Insurance in a hearing entitled «Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform, Part IV.»
Old Republic International is a property and casualty insurance firm with a general and title insurance business along with the still smoldering remains of a mortgage guaranty insurance business.
general and title insurance business along with the still smoldering remains of a mortgage guaranty insurance business.
The firm from Chicago, stumbled badly in 2008 when its mortgage guaranty insurance business cratered.
Mortgage Guaranty Insurance Corp., for example, changed its guidelines last week to exclude coverage of 100 % mortgages.
David also counsels clients in numerous specialty areas, including workers» compensation insurance, title insurance, financial guaranty insurance, mortgage guaranty insurance, service contracts (extended warranties) and point - of - purchase insurance products sold in connection with retail goods and services.
These include property casualty, mortgage guaranty, and institutional markets.
Mortgage Guaranty Insurance Corporation - Helps families achieve home ownership sooner with low down payment loans.
WASHINGTON — The Justice Department announced today that it has sued the Mortgage Guaranty Insurance Corporation (MGIC), the nation's largest mortgage insurance company, and two of its underwriters, Elgina Cunningham and Kelly Kane, for violating the Fair Housing Act by discriminating against women on paid maternity leave.
The nation's strongest single - family home markets in the second quarter was Nassau - Suffolk County, N.Y., followed by Orange County, Calif.; Orlando; San Diego; Riverside - San Bernardino; Tampa; and Washington, D.C., according to the Mortgage Guaranty Insurance Corporation's «National Market Trends Index.»