### Question
What does mortgage insurance mean?


### Answer
**Mortgage insurance** has the following meaning in *12 U.S.C. § 4901*:

> insurance, including any mortgage guaranty insurance, against the nonpayment of, or default on, an individual mortgage or loan involved in a residential mortgage transaction

#### Citation:
  - *12 U.S.C. § 4901*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

