Changing regulatory and rating agency environmental or economic conditions can force lenders and insurance companies to meet increased capital requirements and experience capital loss.
Tokio Marine HCC provides mortgage default protection to lenders, insurance companies, repo-counterparties, investors and residential and multi-family mortgage-backed security bond holders to mitigate the risk of mortgage default.
Acceptable markets are the US, UK, Australia, Canada and select European countries. Other locales will be considered on a transactional basis. Underlying insured mortgages should have prime underwriting characteristics. Acceptable review by Tokio Marine TMHCC of the underlying underwriting guidelines and origination procedures of the (re)insured is critical.
Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.