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2. Collateral protection insurance - Wikipedia

   en.wikipedia.org/.../Collateral_protection_insurance

   Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...

3. Mortgage life insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_life_insurance

   Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage .

4. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   Types of private mortgage insurance. Borrower-paid PMI is what people generally mean when they refer to mortgage insurance. With borrower-paid PMI, the premiums are part of your monthly mortgage ...

5. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   Key takeaways. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial ...

6. Lender-paid mortgage insurance (LPMI): What is it and how ...

   www.aol.com/finance/lender-paid-mortgage...

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7. Lenders mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Lenders_mortgage_insurance

   Mortgage insurance became tax-deductible in 2007 in the US. [3] For some homeowners, the new law made it cheaper to get mortgage insurance than to get a 'piggyback' loan. The MI tax deductibility provision passed in 2006 provides for an itemized deduction for the cost of private mortgage insurance for homeowners earning up to $109,000 annually. [3]

8. Mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_insurance

   LPMI is usually a feature of loans that claim not to require Mortgage Insurance for high LTV loans. The advantage of LPMI is that the total monthly mortgage payment is often lower than a comparable loan with BPMI, but because it's built into the interest rate, a borrower can't get rid of it when the equity position reaches 22% without refinancing.

9. What is the Home Ownership and Equity Protection Act (HOEPA)?

   www.aol.com/finance/home-ownership-equity...

   In addition, HOEPA requires that borrowers undergo pre-loan counseling and restricts fees and penalties. Historically, borrowers with poor credit are offered significantly more expensive loans.