Sentences with phrase «against mortgage defaults»

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.

Mortgage critical illness insurance offers financial protection against mortgage defaults due to critical illnesses.

Mortgage loan insurance helps protects lenders against mortgage default, and enables consumers to purchase homes with as little as 5 % down payment — with interest rates comparable to those with a 20 % down payment.

This insurance helps protect lenders against mortgage default; it does not protect you, the homebuyer.

The CMHC provides mortgage loan insurance to help protect lenders against mortgage default and enables home buyers to purchase homes with a minimum down payment of 5 %, and mortgage insurance is usually required for all mortgage applications whereby the borrower is putting less than 20 % down payment of the purchase price.

Not exact matches

The Canada Mortgage and Housing Corp. insures roughly half of outstanding mortgages in Canada against default.

Sears adds that many of his clients, who hire him to find the best mortgage rates available, are under the false impression that CMHC insurance actually protects them against default.

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) is a special type of insurance policy that is paid by the borrower and protects lenders against loss if a borrower defaults.

Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a lender against loss if a borrower defaults.

PMI is paid by mortgage borrowers, protecting mortgage lenders against default and foreclosure.

Much like an auto insurer insured policyholders against loss from damage or accident, the FHA agreed to insure lenders against loss from lack of payment (which is known as «default» in mortgage terminology).

Mortgage insurance, in general, describes an insurance policy which protects lenders against loan default.

Second mortgages are so - called because, in the event of default, the holder of a home's first mortgage has first claim against monies recovered at auction.

Private mortgage insurance (PMI): Insurance against default issued by a private company on conventional mortgage loans.

At least half the mortgage defaults are not by people who truly can't pay their mortgages, rather they are by «strategic defaulters» who don't WANT to pay their mortgages because the value of what they borrowed against their home, went down.

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.

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

Because adding debt against the value of your house increases your risk of default, lenders charge higher interest rates for second mortgages.

Also referred to as «Traditional Mortgage Insurance» BPMI is insurance issued by a private company that protects the lender against loan default.

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.

When the investors in the Big Short predicted the Global Financial Crisis by examining the credit quality of the bonds underlying the popular mortgage - backed securities, they purchased credit default swaps against the MBSs & CDOs and profited tremendously.

Such loans carry guarantees for lenders against default by the federal government, along with lower interest rates than for conventional mortgages and low (or no) down payment requirements.

• No private mortgage insurance: Since the VA backs these loans, there is no need for private mortgage insurance, which traditionally protects the lender against default.

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.

FHA mortgage insurance premiums (MIP) are payments made to the FHA to insure your loan against default.

Since 1934, the federal government has been insuring mortgages against borrower default.

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 pMortgage 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 pmortgage borrower to the Federal Housing Administration (FHA), or to a private lender for transmittal to the FHA, to protect against default on mortgage pmortgage payments.

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.

Second mortgages are so - called because, in the event of default, the holder of a home's first mortgage has first claim against monies recovered at auction.

Mortgage lenders want protection against a default on the loan.

Mortgage insurer — insures mortgage lender against default when there is little equity for thMortgage insurer — insures mortgage lender against default when there is little equity for thmortgage lender against default when there is little equity for the buyer.

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.

FHA doesn't directly fund mortgages, but it insures mortgage lenders against losses associated with mortgage default and foreclosure.

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.

A low down payment loan is considered a greater risk for the lender, and mortgage insurance protects the lender against their risk of loss due to default.

Trust it as much as you trust Congress, and remember they are also promising to pay Social Security and Medicare, AND guarantee against home mortgage loan defaults, underfunded pension defaults, money market failures, and soon, everyone's health care needs.

This type of mortgage may have to be insured — for example, by CMHC or a private company — against payment default.

As mentioned earlier, the Federal Housing Administration insures mortgage loans against losses resulting from borrower default.

Private mortgage insurance and government mortgage insurance protect the lender against default and enable the lender to make a loan which the lender considers a higher risk.

The Federal Housing Administration ensures the mortgage lender against losses that may result from a borrower default.

In terms of the hazards of borrowing against property (i.e. you could lose your home or property if you default), our loan to value (including the 1st mortgage) would be less than 30 %, even if the HELOC were fully drawn, so I believe weâ $ ™ re being prudent.

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.