Mortgage Insurance Premium definition

Mortgage Insurance Premium. The premium payable on the Mortgage Insurance Policy on each Distribution Date, plus the amount of any Kentucky or West Virginia state taxes payable by the Co-Trustee as a result of the payment of such premium in each case as provided by the Mortgage Insurance Policy.
Mortgage Insurance Premium. As to either Loan Group and any Distribution Date, the aggregate amount payable to the Mortgage Insurance Policy Provider under the MI Policy.
Mortgage Insurance Premium. Either of the premium payable on the Mortgage Insurance Policy issued by United Guaranty Mortgage Indemnity Company or the premium payable on the Mortgage Insurance Policy issued by Mortgage Guaranty Insurance Corporation, each on each Distribution Date and amounts due for premium taxes with respect to West Virginia and Kentucky.

Examples of Mortgage Insurance Premium in a sentence

  • PrepaidsHomeowner’s Insurance Premium ( mont Mortgage Insurance Premium ( months) Prepaid Interest ($ per day for days @ ) Property Taxes ( months) G.

  • In addition, the Co-Trustee shall act as the insured under the Mortgage Insurance Policy and hereby directs the Master Servicer, on behalf of the Co-Trustee, to take all actions appropriate or required of the Co-Trustee under the Mortgage Insurance Policy, other than the payment of the Mortgage Insurance Premium and obtaining the approval of the Mortgage Insurer with respect to the appointment of a successor servicer.

  • Upon receipt of notice by the Trustee from the Master Servicer of a notification that the MI Policy no longer covers any Mortgage Loans in the State of Kentucky or West Virginia, the Trustee shall withdraw from the Mortgage Insurance Premium Taxes Reserve Fund all remaining amounts on deposit, if any, and distribute them to the holder of the Mortgage Insurance Premium Reserve Fund Residual Right.

  • The annual percentage rate (APR) quoted represents a typical $99,200 FHA-insured, 30-year fixed rate loan on a $100,000 home with a down payment of $2,250 and financed Upfront Mortgage Insurance Premium (UFMIP).

  • To protect Lender's security in the Property, Lender shall advance and charge to Borrower all amounts due to the Secretary for the Mortgage Insurance Premium as defined in the Loan Agreement as well as all sums due to the loan servicer for servicing activities as defined in the Loan Agreement.


More Definitions of Mortgage Insurance Premium

Mortgage Insurance Premium. With respect to the Group I Loans and any Distribution Date, the aggregate amount payable to the MI Policy Provider under the MI Policy.
Mortgage Insurance Premium. With respect to each MI Mortgage Loan and for any calendar month, an amount equal to one month's interest (or in the event of any payment of interest which accompanies a Principal Prepayment in full made by the Mortgagor during such calendar month, interest for the number of days covered by such payment of interest) at the Mortgage Insurance Premium Rate on the same principal amount on which interest on such MI Mortgage Loan accrues for such calendar month plus any applicable premium taxes on MI Mortgage Loans located in West Virginia and Kentucky.
Mortgage Insurance Premium. The premium payable on the Mortgage Insurance Policy on each Distribution Date.
Mortgage Insurance Premium. For any Distribution Date, the aggregate fee payable to the Mortgage Insurer equal to the product of (x) the Mortgage Insurance Premium Rate and (y) the unpaid principal balance of each Covered Loan as of the first day of the related calendar month, computed on the basis of a 360-day year consisting of twelve 30-day months.
Mortgage Insurance Premium. With respect to a Mortgage Loan with a LMPI Policy, a primary mortgage insurance premium equal to 1.000% for 30-year fixed rate Mortgage Loans and 0.875% for 15-year fixed rate Mortgage Loans.
Mortgage Insurance Premium. With respect to any Payment Date, the aggregate monthly premiums payable with respect to the Mortgage Loans covered by the Mortgage Insurance Policy.
Mortgage Insurance Premium. With respect to any Payment Date, the aggregate monthly premiums payable with respect to the Mortgage Loans in a Mortgage Pool covered by the Mortgage Insurance Policy.