MI Coverage definition

MI Coverage means insurance coverage provided by any mortgage guaranty or similar insurance policy related to a Covered Mortgage.
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MI Coverage means insurance coverage provided by an MI Company pursuant to any mortgage guaranty or similar insurance policy related to a Settlement Mortgage.
Sample 1
MI Coverage. All Mortgage Loans with an original loan to value ratio in excess of 80% will have mortgage insurance with coverage in amounts as required by Xxxxxx Mae for its conventional “A” quality mortgage loan programs. None of the Mortgage Loans have “lender-paid” mortgage insurance.
Sample 1

Examples of MI Coverage in a sentence

  • Loss Mit Workstation Status Completed, Removed, Active MI Certificate Number MI Certificate Number MI Cost Price percentage, lender paid only MI Coverage Y/N MI Coverage Y/N Monthly MIP Cost The monthly fee paid to HUD to maintain coverage on the account.

  • PFI Obligation to Maintain Supplemental MI Coverage If the MI Company's claims-paying ability rating falls below "AA-", the PFI will have six months to replace the SMI Policy with coverage from another approved MI company, or at its option, accept the obligation as its own undertaking.

  • Michigan is the most easily understood label, Minnesota,Massachusetts and then Connecticut and Texas are hardest to comprehend.Number of Labels 5.3.5 MaterialityFigure 4 – Understandability Histogram Information on the label is intended to guide or assist a consumer’s decision- making process.

  • The MI Coverage % will not automatically adjust with changes to the loan information.

  • M F MM DD YYYY Number Health Rx Drug ID Number]12 Patient]13 ID Number] Patient] ID Number] Patient] Coverage (R)emove First Name, M.I Coverage Coverage]14 (if applicable)15 (if applicable)16 Check if yes[Employee] / / [E.

  • No Ratio Indicator Alt A Indicator Citizen Type Code Program Code Credit Grade Lien Status Terminal Didget Prepayment Penalty Period (years) Servicer Code Loan Term Number Loan MI Certificate Number Loan MI Coverage Percent Borrower Last Name Borrower First Name Borrower Street Address Pledged Asset Indicator Loan Effect LTV Percent Timesaver Indicator Interest Only Indicator EXHIBIT F SERVICING SYSTEM GUIDELINES AND REQUIREMENTS Loading/Updating Investor Headers 1.

  • This comparison included the following data fields:Address Appraised Value Original Balance City Combined LTV DTI First Payment Date LTV Maturity Date MI Company MI Coverage % Last Name Occupancy Original PI Origination Date Property Type Loan Purpose First Rate Cap Index Rate Original rate Number of units Of 4,239 mortgage loans reviewed, 4,029 mortgage loans or 95.04% of the population had tape discrepancies.

  • Term: 357 months W.A. Age: 1 months % over 80 COLTV: 1.30% % over 100 COLTV: 0.00% % with PMI: 1.30% % over 80 with PMI: 100.00% W.A. MI Coverage: 17.27% W.A. MI Adjusted LTV: 64.65% % Second Lien: 0.00% % with Prepay Penalty: 0.00% % Balloon: 0.00% Max.

  • This targets UK en-route services only › Specific short-term fuel savings targets agreed annually with customers via the Operational Partnership Agreement (OPA) and the Fuel Efficiency Partnership (FEP).

  • MI Coverage % automatically defaults to standard coverage.• Click on the MI Coverage % link for guidance or edit the MI Coverage % manually• The MI Coverage % will automatically adjust with changes to the loan information• Click the reset icon to reset to standard coverage: The MGIC Rate Quote ID defaults to the most recent quote ordered via Encompass.

Related to MI Coverage

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • Health Coverage means that if Key Employee elects to continue coverage for himself or his eligible dependents under the Company’s group health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), during the twelve-month period commencing on the date of Key Employee’s termination of employment from the Company (the “Severance Period”), then throughout the Severance Period the Company shall promptly reimburse Key Employee on a monthly basis for the difference between the amount Key Employee pays to effect and continue such coverage and the employee contribution amount that active senior employees pay for the same or similar coverage under Company’s group health plans. Further, if after the Severance Period Key Employee continues his COBRA coverage and Key Employee’s COBRA coverage terminates at any time during the eighteen-month period commencing on the day immediately following the last day of the Severance Period (the “Extended Coverage Period”), then the Company shall provide Key Employee (and his eligible dependents) with health benefits substantially similar to those provided under its group health plans for active employees for the remainder of the Extended Coverage Period at a cost to Key Employee that is no greater than the cost of COBRA coverage; provided, however, that the Company shall use its reasonable efforts so that such health benefits are provided to Key Employee under one or more insurance policies (or such other manner) so that reimbursement or payment of benefits to Key Employee thereunder shall not result in taxable income to Key Employee. Notwithstanding the preceding provisions of this paragraph, the Company’s obligation to reimburse Key Employee during the Severance Period and to provide health benefits to Key Employee during the Extended Coverage Period shall immediately end if and to the extent Key Employee becomes eligible to receive health plan coverage from a subsequent employer (with Key Employee being obligated hereunder to promptly report such eligibility to the Company).

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • COBRA Coverage means continuation coverage required under Section 4980B of the Code and Part 6 of Title I of ERISA.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,614,259, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,614,259 as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.