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Concept information

Preferred term

mortgage insurance  

Definition(s)

  • Mortgage insurance covers a lender's investment in a mortgage loan against the potential default of a borrower. Mortgage insurance has contributed to the growth of homeownership and the creation and expansion of the secondary mortgage market where loan portfolios are packaged, sold, and securitized with mortgage-backed securities. [Source: The Encyclopedia of Housing; Mortgage Insurance]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-LK0S7P9K-X

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