MLchartDataset catalogue

Mortgage insurance

Term · Insurance and risk management · MLC-T-INS-002232

Protection for a lender against losses that result from a borrower defaulting on a mortgage loan. This coverage allows lenders to offer loans to borrowers with smaller down payments or lower credit scores than would otherwise be acceptable. It can be either private mortgage insurance (PMI) or government-backed through agencies like the FHA.

Table 1. Record
IdentifierMLC-T-INS-002232
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002232",
  "term": "Mortgage insurance",
  "field": "Insurance and risk management",
  "definition": "Protection for a lender against losses that result from a borrower defaulting on a mortgage loan. This coverage allows lenders to offer loans to borrowers with smaller down payments or lower credit scores than would otherwise be acceptable. It can be either private mortgage insurance (PMI) or government-backed through agencies like the FHA.",
  "url": "https://mlchart.com/terminology/insurance/mortgage-insurance/"
}

Record 2,193 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.