MORTGAGE INDEMNITY INSURANCE
TARGET CLIENTS
- Generally protects housing loan
(mortgage loan) lenders (banks,
building societies, insurance
companies, non-bank lenders)
against credit related losses on their
housing loans
APPETITE
- Any jurisdiction around the world
- No appetite for “sub-prime” lending
COVER
- Generally first loss protection driven by a borrower credit default but also protects the depreciation of the property value
- Loan by loan or portfolio protection (1st loss, 2nd loss, XOL layers)
- In force portfolio or prospective lending with delegated authority
to the lender
CAPABILITIES
- Normal Max Line Size N/A
- Normal Max Tenor Up to 15 years unless there is a regulatory
- legislative reason for longer