†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.
Provider of private insurance for mortgages and loans.
Mortgage loan insurance information.
News about Mortgage Insurance:
|Asian stock markets battered by US credit turmoil
| 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 ...
|Service Sector Growth Moderates in July
|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. ...
Recopilation of useful industry resources.
Manufactures and producers from Brazil and Portugal.
Internet useful websites in Brazil.
Loans, credit resources and mortgages.
Credit resources. Loans.
Software to manage and create online 3D virtual events and fairs.
More news about Mortgage Insurance