Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

Mortgage Insurance means credit insurance that provides cover to lenders in case their mortgage loans default.

Mortgage Insurance means an insurance policy that compensates the lender for losses due to the borrower’s default;

Examples of Mortgage Insurance in a sentence

Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance.
Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance.
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed.
If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect.
These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums).

More Definitions of Mortgage Insurance

Mortgage Insurance means insurance written by an independent mortgage insurance company to protect the mortgage lender against loss incurred in the event of a default by a borrower under the mortgage loan;

Mortgage Insurance means insurance against loss caused by default on the part of a borrower under a loan secured by a mortgage or charge on, or other security interest in, real property; (assurance prêt hypothécaire)

Mortgage Insurance means any mortgage insurance or guaranty relating to a Loan issued by a Mortgage Insurer.

Mortgage Insurance. “Mortgage Insurance” means insurance protecting Lender against the nonpayment of, or default on, the Loan.

Mortgage Insurance. In the event the Mortgage Loan had an LTV greater than 80.0% at origination, the excess of the principal balance of the Mortgage Loan over 75.0% of the Appraised Value, was insured as to payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified Insurer; except that where such insurance was impermissible at origination under applicable law, such Mortgage Loan was originated in compliance with applicable law. Unless the Primary Mortgage Insurance Policy for a Mortgage Loan was either cancelled upon borrower request or terminated, in either case in accordance with applicable law or the requirements of Xxxxxx Xxx or Xxxxxxx Mac, all provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid.. No action, inaction, or event has occurred and no state of facts exists that has or will result in the exclusion from, denial of, or defense to coverage. Any Mortgage Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain the Primary Mortgage Insurance Policy and to pay all premiums and charges in connection therewith or, in the case of a lender paid Primary Mortgage Insurance Policy, the premiums and charges are included in the Mortgage Interest Rate.

Mortgage Insurance. “Mort- gage insurance” means insurance against fi- nancial loss by reason of:

Mortgage Insurance means the default insurance provided by private mortgage insurance companies on certain Mortgage Loans, whether lender-paid or borrower-paid.