Sentences with phrase «against default on the mortgage»
Mortgage Insurance Premium Monthly payments made by a mortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage payments.
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So, it protects them against default on the mortgage.
This insurance is required by law to insure lenders against default on mortgages with a High Ratio.
Mortgage Loan Insurance is an insurance cover provided to a lender against default on mortgage installments, when the down payment amount is less than 25 %.
Not exact matches
Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgaMortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgagemortgage loan.
Private mortgage insurance (PMI): Insurance against default issued by a private company on conventional mortgage loans.
But instead of suing the real estate company that owns the property (which defaulted on its $ 35 million mortgage last year), the group is filing against the bank that owns the building's mortgage.
Albert takes Joey on as his horse and friend, training him to be able to save his father from defaulting on his mortgage to their landlord... but against all odds the stallion does it.
It protects lenders like Jersey Mortgage Company against losses if a loan is defaulted on, while giving more people access to home ownership.
In this type of foreclosure, when you default on a mortgage loan, the lender files a lawsuit against you.
When the loan against a home is greater than 80 % of the home's resale value, the lender is very likely to lose money in the event the borrower defaults on the mortgage.
They bet on a collapse in the mortgage market by buying what are called credit default swaps (CDS), a form of insurance against bad loans.
Private mortgage insurance (PMI)-- Protects the lender against a loss if a borrower defaults on the loan.
Private mortgage insurance protects the lender against any loss in the event of default on the mortgage loan.
Mortgage lenders want protection against a default on the loan.
Although FHA doesn't directly lend money for mortgage loans, it guarantees its approved lenders against losses stemming from defaults on mortgages approved under FHA guidelines; its lending programs assist first time, credit challenged, and moderate income buyers.
Insurance that protects lenders against losses caused by a borrower's default on a mortgage loan.
Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgaMortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgagemortgage loan.
A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mortgage.
Therefore they will charge you higher interest rates to get more money out of you, and give them a hedge against the possibility of you defaulting on your mortgage.
MIP (Mortgage Insurance Premium) Insurance from FHA to the lender against incurring a loss on account of the borrower's default.
This is insurance that is required on certain loans, such as mortgages offered by the U.S. Federal Housing Administration (FHA), to protect the lender against the risk that the borrower will default.
Insurance that protects the lender against loss caused by a borrower's default on a mortgage loan.
Mortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mMortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mmortgage or conventional mortgagemortgage.
It also protects lenders against loan default on mortgages for properties that include manufactured homes, single - family and multifamily properties, and some health - related facilities.
Note that FHA loans require mortgage insurance to protect lenders against losses that result from defaults on home mortgages.
FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, and multifamily properties, and some health - related facilities.
MGIC insures mortgage lenders against defaults on conventional mortgage loans made for greater than 80 % loan - to - value (LTV).
FHA mortgage insurance also encourages lenders to make loans to otherwise credit worthy projects and borrowers that might not be able to meet underwriting requirements that are conventional, protecting the lender against loan default on mortgages for properties that meet certain minimum requirements — including single - family, manufactured homes, some health - related facilities, and multifamily properties.
Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.
Similar to VA and USDA Loans, FHA Loans are government insured; meaning, lenders are protected against the financial ramifications of homeowners defaulting on their mortgage payments.
During this time there may be the need for funds on a short - term basis to avoid default on your mortgage or legal action against your home till you can get back on your feet.
Is your job to provide lenders with private mortgage insurance to protect them against great loss should their borrowers default on a mortgage?
Opposed a motion for summary judgment brought by CIBC against a mortgator where CIBC alleged default under the terms of the mortgage flowing from the registration of a restraint order on title pursuant to the provisions of the Controlled Drugs and Substances Act.
But with Private Mortgage Insurance, lenders require you to buy a policy in order to protect them (the lenders) against the possibility that you will default on the debt.
Mortgage insurance coverage on low - down - payment loans protects a lender against losses due to homeowner default.
The wager against commercial mortgage - backed securities largely has focused on the CMBX 6, a little - known credit default swap index.»
The Wells Fargo loan to RiverBay Corporation, which controls Co-op City, is the largest ever insured under HUD's 223 (f) program, which protects lenders against loss on mortgage defaults at multifamily rental properties.
Mortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mMortgage Insurance A contract that insures the lender against loss caused by a mortgagor's default on a government mortgage or conventional mmortgage or conventional mortgagemortgage.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.
FHA mortgage insurance provides lenders with protection against a loss if a FHA homeowner defaults on a loan.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.
Mortgage Insurance A policy that insures the lender against loss caused by a mortgagor's default on a mMortgage Insurance A policy that insures the lender against loss caused by a mortgagor's default on a mortgagemortgage.
Proposed comment 37 (c)(1)(i)(C)-1 would have stated that «mortgage insurance» means insurance against the nonpayment of, or default on, an individual mortgage, and that, for purposes of proposed § 1026.37 (c), «mortgage insurance or any functional equivalent» would have included any mortgage guarantee that provides coverage similar to mortgage insurance (such as a United States Department of Veterans Affairs or United States Department of Agriculture guarantee), even if not technically considered insurance under State or other applicable law.