Lender PMI Mortgage Loan definition

Lender PMI Mortgage Loan. Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.
Lender PMI Mortgage Loan. Not applicable. LIBOR: Not applicable.
Lender PMI Mortgage Loan. Not applicable.

Examples of Lender PMI Mortgage Loan in a sentence

  • With respect to a Lender PMI Mortgage Loan, a policy of primary mortgage guaranty insurance issued by a Qualified Insurer pursuant to which the related premium is to be paid by the Servicer from payments of interest made by the Mortgagor in an amount as is set forth in the related Mortgage Loan Schedule.

  • With respect to each Lender PMI Mortgage Loan, the portion of the Mortgage Interest Rate as set forth on the related Mortgage Loan Schedule (which shall be payable solely from the interest portion of Monthly Payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds), which, during such period prior to the required cancellation of the LPMI Policy, shall be used to pay the premium due on the related LPMI Policy.

  • With respect to each Lender PMI Mortgage Loan, the Seller shall pay premiums to the applicable insurer at the Lender PMI Mortgage Rate when and as due.


More Definitions of Lender PMI Mortgage Loan

Lender PMI Mortgage Loan. Any individual Mortgage Loan subject to an LPMI Policy.
Lender PMI Mortgage Loan. Any Mortgage Loan as to which the lender (rather than the Mortgagor) acquires the Primary Insurance Policy and charges the related Mortgagor an interest premium.
Lender PMI Mortgage Loan. Certain Mortgage Loans with Loan-to-Value Ratios at origination of greater than 80% as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.
Lender PMI Mortgage Loan. Those Mortgage Loans indicated on the Mortgage Loan Schedule as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.
Lender PMI Mortgage Loan. Certain Mortgage Loans with Loan-to-Value ------------------------ Ratios at origination of greater than 80% as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.
Lender PMI Mortgage Loan. Any individual Mortgage Loan subject to a Primary Mortgage Insurance Policy, the premiums of which are paid by the mortgagee. Lender PMI Rate. With respect to each Lender PMI Loan, the portion of the Mortgage Interest Rate which shall be used to pay the premium due on the related lender-paid Primary Mortgage Insurance Policy with respect to a Lender PMI Mortgage Loan.
Lender PMI Mortgage Loan. Any Radian Policy Mortgage Loan or other individual Mortgage Loan subject to a Primary Mortgage Insurance Policy, the premiums of which are paid by the mortgagee.