Sentences with phrase «insurance on behalf of borrowers»
Not exact matches
Instead, it basically provides a form of insurance on behalf of qualified borrowers.
https://www.veteransunited.com/
An insurance that can be secured by a lender on behalf of a borrower to protect the lender in the event of the borrower's default.
To obtain mortgage insurance from the Federal Housing Administration, an upfront mortgage insurance premium (UFMIP) equal to 1.75 percent of the base loan amount at closing is required, and is normally financed into the total loan amount by the lender and paid to FHA on the borrower's behalf.
The financing, obtained on behalf of an undisclosed borrower, was provided through Columbus, Ohio - based Nationwide Life Insurance Co..