MI_DATA
Type : CLOSING_MI_DATA_Type

Elements
_PAID_TO
MI_PREMIUM_TAX
MI_RENEWAL_PREMIUM

Attributes
_ID
BorrowerMITerminationDateThe date that the borrower may request cancellation of MI insurance as identified by HOEPA regulations.Used on Attribute Tag Type Suffixes: date, DateTime, Year
MI_FHAUpfrontPremiumAmountAmount of FHA mortgage insurance paid at closingUsed on Attribute Tag Type Suffixes: Amount
MI_LTVCutoffPercentLTV cutoff for collection of mortgage insurance.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MI_LTVCutoffTypeSpecifies the basis of the mortgage insurance LTV cutoff
MICertificateIdentifierThe number assigned by a mortgage insurer to track a loan.
MICollectedNumberOfMonthsCountThe number of months of MI escrow that is collected at settlement.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MICompanyNameTo convey the MI company name in free-form text.
MICushionNumberOfMonthsCountThe number of months of MI escrow that is to be considered in the cushion for aggregate accounting.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MIDurationTypeSpecifies the duration of coverage provided by the private mortgage insurance payment.
MIEscrowIncludedInAggregateIndicatorIndicates whether Private Mortgage Insurance Escrow is to be included in the cushion for Aggregate Accounting.
MIInitialPremiumAmountAmount of the first premium paid to MI. For monthly plans, one months premium; for all other plans, Initial Premium Rate times Base Loan Amount.Used on Attribute Tag Type Suffixes: Amount
MIInitialPremiumAtClosingTypeSpecifies whether the initial Mortgage Insurance premium is prepaid upon closing or deferred until first principle payment.
MIInitialPremiumRateDurationMonthsIndicates the number of months for which the MI Initial Premium Rate applies.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MIInitialPremiumRatePercentMI initial premium rate percent used to compute the initial MI premium amount.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MIPremiumFinancedIndicatorIndicates whether mortgage insurance premium has been added to loan amount.
MIPremiumFromClosingAmountAmount of MI premium due from closing. Zero for deferred monthly; otherwise is a months, years or life premium for regular monthly, annual, or life of loan premium plans.Used on Attribute Tag Type Suffixes: Amount
MIPremiumPaymentTypeCode description for source of premium payments and how they were or are to be paid.
MIPremiumRefundableTypeSpecifies how the private mortgage insurance premiums will be treated if the private mortgage insurance coverage is canceled.
MIPremiumTermMonthsThe number of months of mortgage insurance coverage pre-paid by the initial premium.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
MIRenewalCalculationTypeSpecifies the way in which the renewal premiums will be calculated.
MIScheduledTerminationDateThe projected mandatory date the mortgage insurance must be terminated when a set loan to value percent is reached as identified by HOEPA regulations. Also know as Mandatory MI Termination Date on PMI disclosure forms.Used on Attribute Tag Type Suffixes: date, DateTime, Year
MISourceTypeSource of mortgage protection insurance
ScheduledAmortizationMidpointDateBased on scheduled amortization, date at which the loan due date reaches the midpoint of the loans amortization period (e.g., for a 360 month loan, the date of month number 181).Used on Attribute Tag Type Suffixes: date, DateTime, Year

Parents
\LOAN\_APPLICATION