Private Mortgage Guaranty Insurance definition

Private Mortgage Guaranty Insurance means a private mortgage guaranty insurance policy issued by a PMI Insurer with respect to a Conventional Mortgage Loan in accordance with the terms hereof in a form and providing coverage in an amount as shall be approved by Xxxxxx Mae or Xxxxxxx Mac, as applicable.
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Private Mortgage Guaranty Insurance means a private mortgage insurance policy issued by a PMI Insurer with respect to a conventional Mortgage Loan in accordance with the terms hereof in a form providing coverage in an amount as shall be approved by Fannie Mae in accordance with the Fannie Mae Guides.
Sample 1Sample 2Sample 3
Private Mortgage Guaranty Insurance means a private mortgage guaranty insurance policy issued by a PMI Insurer with respect to a Conventional Mortgage Loan in accordance with the terms hereof in a form and providing coverage in an amount in accordance with the Fannie Mae Guides or FHLMC Guides, as applicable.
Sample 1Sample 2Sample 3

Examples of Private Mortgage Guaranty Insurance in a sentence

  • The original recorded Deed of Trust and original recorded assignment of Deed of Trust, the Title Policy and the certificate evidencing the FHA Insurance, VA Guaranty, RHS Guaranty or Private Mortgage Guaranty Insurance must be submitted to the Servicer within ninety (90) days from the Purchase Date of the Mortgage Loan.


More Definitions of Private Mortgage Guaranty Insurance

Private Mortgage Guaranty Insurance means all forms of mortgage guaranty insurance on 1-4 family residential homes (including individual condominium policies) by licensed insurers that are not government or quasi-government organizations.
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Related to Private Mortgage Guaranty Insurance

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

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

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

  • Credit property insurance means insurance:

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

  • Property Insurance is defined in Section 6.10(a).

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).