Primary Mortgage Insurance definition

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.

Primary Mortgage Insurance means any policy of primary mortgage insurance.

Primary Mortgage Insurance. The insurance provided under any Primary Mortgage Insurance Policy.

Examples of Primary Mortgage Insurance in a sentence

• The Trustee (or the Custodian, as directed by the Trustee), shall retain possession and custody of the originals (to the extent available) of any Primary Mortgage Insurance Policies, or certificate of insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement.

• The Master Servicer shall promptly deliver or cause to be delivered to the Trustee (or the Custodian, as directed by the Trustee), upon the execution or receipt thereof the originals of any Primary Mortgage Insurance Policies, any certificates of renewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

• The Servicer will comply with all provisions of applicable state and federal law relating to the cancellation of, or collection of premiums with respect to, Primary Mortgage Insurance, including, but not limited to, the provisions of the Homeowners Protection Act of 1998, and all regulations promulgated thereunder, as amended from time to time.

• The Master Servicer shall not, and shall not permit any Servicer (to the extent required under the related Servicing Agreement) to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder except in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.

• If such Primary Mortgage Insurance Policy is terminated as a result of such assumption or substitution of liability, the Servicer shall obtain a replacement Primary Mortgage Insurance Policy as provided above.

More Definitions of Primary Mortgage Insurance

Primary Mortgage Insurance. Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Loan.

Primary Mortgage Insurance. Gov't Insurance HUD Part A ______________(18a) HUD Part B ______________(18b) (19) Pool Insurance Proceeds ______________(19) (20) Proceeds from Sale of Acquired Property ______________(20) (21) Other (itemize) ______________(21) _________________________________________ ______________(21) TOTAL CREDITS $_____________(22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $_____________(23) ESCROW DISBURSEMENT DETAIL TYPE (TAX /INS.) DATE PAID PERIOD OF COVERAGE TOTAL PAID BASE AMOUNT PENALTIES INTEREST ----------- --------- ------------------ ---------- ----------- --------- -------- EXHIBIT E

Primary Mortgage Insurance. Policy: Mortgage guaranty insurance, if --------------------------------- any, on an individual Mortgage Loan, as evidenced by a policy or certificate.

Primary Mortgage Insurance. Gov't Insurance HUD Part A _________ (18a) HUD Part B _________ (18b) (19) Pool Insurance Proceeds _________ (19) (20) Proceeds from Sale of Acquired Property _________ (20) (21) Other (itemize) _________ (21) __________________ _________ Total Credits $ _________ (22) Total Realized Loss (or Amount of Gain) $ _________ (23) Exhibit Four-12

Primary Mortgage Insurance. Gov't Insurance ________________ (18a) HUD Part A ________________ (18b) HUD Part B (19) Pool Insurance Proceeds ________________ (19) (20) Proceeds from Sale of Acquired Property ________________ (20) (21) Other (itemize) ________________ (21) _________________________________________ ________________ (21) TOTAL CREDITS $_______________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $_______________ (23) M-3-4 ESCROW DISBURSEMENT DETAIL TYPE (TAX /INS.) DATE PAID PERIOD OF COVERAGE TOTAL PAID BASE AMOUNT PENALTIES INTEREST ----------- --------- ------------------ ---------- ----------- --------- -------- EXHIBIT Q SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE The assessment of compliance to be delivered by [the Company] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria": APPLICABLE SERVICING SERVICING CRITERIA CRITERIA -------------------------------------------------------------------------------- ---------- REFERENCE CRITERIA --------- -------- GENERAL SERVICING CONSIDERATIONS 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. X 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. X 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained. X 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. CASH COLLECTION AND ADMINISTRATION 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. X 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. X 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified i...

Primary Mortgage Insurance. Gov't Insurance HUD Part A ______________(18a) HUD Part B ______________(18b)

Primary Mortgage Insurance. The insurance provided under any Primary -------------------------- Mortgage Insurance Policy.