Lenders generally require private mortgage insurance (PMI) for conventional loans over 80 percent of the value of the security property. PMI protects a lender against which of the following? Question 11

Lenders generally require private mortgage insurance (PMI) for conventional loans over 80 percent of the value of the security property. PMI protects a lender against which of the following?

Question 11 options:
a)
Damage caused to a property during a storm
b)
Stoppage of mortgage payment after the death of the insured borrower
c)
Legal threat to the lender’s mortgage claim
d)
Losses due to default on the loan

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Lenders generally require private mortgage insurance (PMI) for conventional loans over 80 percent of the value of the security property. PMI protects a lender against which of t…

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