Mortgage Insurance Companies definition

Mortgage Insurance Companies means CMHC, Genworth and Canada Guaranty.
Mortgage Insurance Companies means Canada Guaranty Mortgage Insurance Company, Canada Mortgage and Housing Corporation and Genworth MI Canada Inc. and all its subsidiaries licensed to provide Mortgage insurance, including without limitation, Genworth Financial Mortgage Insurance Company of Canada;

Examples of Mortgage Insurance Companies in a sentence

  • Inability to access Lenders caused by the exchange of legally permissible information between Lenders, Mortgage Insurance Companies, FHLMC, FNMA, HUD/VA and other Investors, Police Agencies and State and Federal Regulatory Agency.

  • Private Mortgage Insurance Companies must be approved by Fannie Mae/FHLMC and be licensed to conduct business in the State of Arkansas.

  • Setting up of Mortgage Insurance Companies under Mortgage Credit Guarantee Scheme should be speeded up to encourage secondary mortgage market.

  • Mortgage Insurance Companies: Each mortgage insurer has its own policies and procedures.

  • Founded in 1973, the Mortgage Insurance Companies of America is the trade association for the PMI industry.

  • In view of the subprime mortgage crisis in the US, Mortgage Insurance Companies of America (MICA) reports that large mortgage insurers reported $2.6 billion in losses in 2008, sparking concerns that rising foreclosure rates of the borrowers could compel the industry into a money crisis.

  • In 1993, the Mortgage Insurance Companies of America, a trade association, asked the FFIEC to process data from the largest PMI companies on applications for mortgage insurance.

  • Instead, these reports are prepared automatically in an ASCI text format in the generally accepted Mortgage Bankers Association and Mortgage Insurance Companies of America data file layout.

  • PMI Data Reported in Conjunction with the HMDA Data In 1993, the Mortgage Insurance Companies of America asked the Federal Financial Institutions Ex- amination Council to process data from the largest PMI companies on applications for mortgage insur- ance and to produce disclosure statements for the pub- lic based on the data.1 The PMI data largely mirror the types of information submitted by lenders covered bythe Home Mortgage Disclosure Actof 1975 (HMDA).

  • Acceptable Private Mortgage Insurance Companies GEMICORADIANUGIRMICMGICPMIOne-time MI premiums offered by some mortgage insurance companies are acceptable provided that total LTV doesn’t exceed 90% including MI premiums.

Related to Mortgage Insurance Companies

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

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance premium finance company means a person engaged in the business of

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Life Insurance Policy ’ means any arrangement under which a person, in return for provision being made for the rendering of a premium to that person, undertakes to meet insurance obligations—

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Blanket insurance policy means a group policy covering a defined class of

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Title insurance agent means an agent licensed in this Commonwealth to sell, solicit, or negotiate

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Insurance Advisor means Aon Risk Services and any replacement thereof appointed by the Required Secured Parties and, if no Event of Default shall then be occurring, after consultation with the Borrower.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

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

  • Franchise insurance means an individual insurance policy provided through a mass marketing arrangement involving a defined class of persons related in some way other than through the purchase of insurance.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.