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If the Original Loan is currently subject to a Captive Reinsurance agreement with MGIC, will the Refinance Loan remain in the Captive?

April 26, 2017Agreement captive Currently loan mgic original Refinance Reinsurance remain Subject

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If the Original Loan is currently subject to a Captive Reinsurance agreement with MGIC, will the Refinance Loan remain in the Captive?

1 Answer

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Yes, because this is a continuation of coverage, the Refinance Loan remains subject to the Captive Reinsurance agreement and MGIC will continue to pay the applicable reinsurance premium.