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Mortgage Insurance

†Definition: Insurance policies provided by non-government insurers that protects a lender against losses if the borrower defaults.

 Mortgage insurance, in a few words, may be defined as a policy that guarantees the repayment of mortgage loans in the event of death or disability of the mortgager. Mortgage insurance is one of the several types of credit insurance policies available in the market. Some government products also include a mortgage insurance coverage, as a way to protect the lender against default.

 Mortgage insurance may be differentiated as it follows:

 - Private Mortgage Insurance (PMI): is basically the default insurance on mortgage loans, which is provided by private insurance companies in general.
 - Mortgage's Title Insurance: Itís a different policy that protects the lender from future claims to ownership of a property already mortgaged.

For specifications on each type of plan and also to determine the necessity of mortgage insurance, itís wise to consult your insurance broker for additional information.

Mortgage Insurance Resources

Republic Mortgage Insurance Company
Providing mortgage and loan insurance services.
http://www.rmic.com

MGIC
Provider of private insurance for mortgages and loans.
http://www.mgic.com

CMHC
Mortgage loan insurance information.
http://www.cmhc-schl.gc.ca/en/co/moloin/



News about Mortgage Insurance:


Asian stock markets battered by US credit turmoil
On 08-06-2007.
SINGAPORE (Thomson Financial) - Stock markets across Asia tumbled Monday, dragged down by Wall Street's sharp decline Friday asinvestors continued to fret about the growing problems in the US credit markets.The Singapore Straits Time Index led the decline, shedding 3.7 percent of its value in the morningsession. Banks were among the worst hit as players dumped stocks in the sector amid worries over exposure to ...
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Service Sector Growth Moderates in July
On 08-03-2007.
The Tempe, Ariz.-based Institute for Supply Management said its index measuring change in the non-manufacturing sector, which accounts for 80 percent of U.S. economic activity, registered 55.8 in July.
That's the lowest level since March and down from 60.7 in June, according to ISM, an organization of corporate purchasing executives. ...
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Top Resources

Industry Sources!
Recopilation of useful industry resources.
http://www.dirins.com

Brazilian Industry
Manufactures and producers from Brazil and Portugal.
http://www.diretorioindustrial.com.br

Brazilian Resources
Internet useful websites in Brazil.
http://www.dirbrasil.com.br

Loans
Loans, credit resources and mortgages.
http://www.dirloans.com

Credit
Credit resources. Loans.
http://www.dircredit.com

Virtual Tradeshow
Software to manage and create online 3D virtual events and fairs.
http://www.tradky.com/m-home.html



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