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InsuranceBizLinks.com  - Mortgage



Parent Category: Mortgage



Mortgage Insurance

Lenders Mortgage Insurance (LMI), also known as Private Mortgage Insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses in the case where a mortgagor is not able to repay the loan and the lender is not able to recover its costs after foreclosure and sale of the mortgaged property.

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