Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (272751)	10/7/2008 12:45:54 AM
From: Neeka	Read Replies (1) \| Respond to of 793896

I decided to google it, and it looks like it is to insure lenders against default. I am surprised no one has brought this up, and thinking AIG must have been the largest insurer? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Definitions of Mortgage insurance on the Web: . * This insurance is taken out by the lender to cover themselves in the event that the borrower defaults on their loan and the sale of the property ... www.aussie.com.au/Glossary.htm * A policy that allows mortgage lenders to recover part of their financial losses if a borrower fails to full re-pay a loan. Mortgage insurance makes it possible to buy a home with as little as 5% down. www.loanjargon.com/jargon.htm * A policy that insures the lender against the borrower defaulting on a loan. Most lenders generally require insurance when borrowing more than 80 ... www.philipwebb.com.au/index.cfm * Insurance that covers the lender against some of the losses incurred as a result of a default on a home loan. Often mistakenly referred to as PMI, which is actually the name of one of the larger mortgage insurers. ... www.adrhi.com/real-estate-glossary-m.asp * Life insurance on the borrower which will pay the mortgage loan off in the event of the borrower's demise. www.mybrockwood.com/glossary.html * Government-backed or private-backed insurance protecting the lender against the borrower's default on high-ratio (and other types of) mortgages. www.bchomesales.com/realty.htm * Insurance required for loans with a loan-to-value ratio above 80%. Also called "PMI" or "MIP." www.reinvestgroup.net/R_E_Terms/page_1965345.html * A policy of insurance which promises to pay out the amount owing in the event that the borrower defaults. www.team3floridarealestate.com/index.cfm/fuseaction/terms.list/letter/M/contentid/6A85F000-0629-46E0-BABC40D4FFD21892 * Insurance which protects mortgage lenders against loss in the event of default by the borrower. This allows lenders to make loans with lower down payments. The federal government offers MI through HUD/FHA; private entities of MI for conventional loans. www.lylewoods.com/glossary_L-Q.htm * Insurance purchased by a buyer to cover the lender's risk of loss. Generally required by lenders when the down payment is less than 20% of the purchase price. www.4siterealestate.com/resources/mortgageGlossary.asp * Insurance which protects the LENDER against default. Generally the higher the loan-to-value the higher the monthly premium. www.thespiegelgroup.net/Loan_Jargon.html * A policy that provides protection for the lender in case of default and or which guarantees repayment of the loan if the borrower becomes disabled or dies. www.ryansmithwick.com/lingo.htm * Money paid to insure the mortgage when the down payment is less than 20 percent. See Private Mortgage Insurance or FHA Mortgage Insurance. www.tracecapital.com/mortgage-glossary.php * Required by lenders in some loans to protect them from a possible default . All conventional loans with less than a 20 percent down payments require private mortgage insurance, or PMI. www.ambassadorcm.com/commonterms.html * Insurance that protects lenders against loss if a borrower defaults. This is required when the loan-to-value ratio is greater than 80 percent. webuyphoenixhomes.com/glossary.html * Insurance purchased by the buyer that covers the lender against losses incurred as a result of a default on a home loan. This is generally required on all loans that have a loan-to-value higher than 80%. ... www.ourloanworks.com/glossary.htm * Insurance protecting a lender against loss from a mortgagor's default. Mortgage insurance is issued by the FHA or a private mortgage insurer. If the borrower defaults on the loan, the insurer would pay the lender the lesser of the loss incurred or the insured amount. www.abanet.org/rppt/public/realestate/glossary.html * Insurance which protects the lender against loss which could result from a mortgage default. www.dmedia-inc.com/gdm/Terms.html * An insurance plan that protects the lender if the borrower does not repay a loan. Mortgage insurance is required when a home buyer makes less than ... www.mykauairealty.com/default.asp_Q_f_E_glossary_A_d_E_realestate * Insures the Lender against loss caused by the Borrower's failure to make the payments. www.amerihomemortgage.com/htmdocs/resources/glossary.html * A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt. en.wikipedia.org/wiki/Mortgage Insurance * Mortgage Life Insurance refers to an insurance policy that guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the mortgagor. ... en.wikipedia.org/wiki/Mortgage insurance google.com