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 Class MI Certificate is entitled only to Primary Mortgage Insurance Proceeds received on the Mortgage Loans.

• The Class MI Certificate will have a Class Notional Amount equal to the aggregate Mortgagor Total Unpaid Principal Balance of the Mortgage Loans with a Primary Mortgage Insurance Policy as of the opening of business on the first day of the related Collection Period.

• 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.

• A quantity of 20 g of the sample was measured and transferred into beakers according to the procedure in standard to form digested sample.

• The substance of any such waiver, alteration or modification has been approved by the issuer of any related Primary Mortgage Insurance Policy and title insurance policy, to the extent required by such policies, the terms of such waiver, alteration or modification have been reflected in the Mortgage Loan Schedule and the written instrument reflecting such terms has been included in the Mortgage File.

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) __________________ _________ TOTAL CREDITS $________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $________ (23) Escrow Disbursement Detail TYPE PERIOD OF BASE (TAX/INS.) DATE PAID COVERAGE TOTAL PAID AMOUNT PENALTIES INTEREST ---------- --------- --------- ---------- ------ --------- -------- EXHIBIT SEVEN Special Foreclosure Rights Section

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-18

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. Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Loan. Principal Prepayment Any payment of principal by a Mortgagor on a Loan that is received in advance of its scheduled Due Date and is not accompanied by an amount representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment. Partial Principal Prepayments shall be applied by the Servicer in accordance with the terms of the related Mortgage Note.