QUESTION 51 Use the following to answer question 51-52 A borrower purchased a home for $500,000 with a 10% down payment. Since the LTV is higher than 80%, mortgage insurance is required. The mortgage insurance covers the first 20% of the loan. How much will the mortgage insurance will cover? Up to $80,000 None of the above Up to $100,000 Up to $90,000 5 points QUESTION 52 A borrower purchased a home for $500,000 with a 10% down payment and the mortgage insurance covers the first 20% of the loan. Suppose the borrower defaults on the loan after paying it down to $350,000. The market value drops and is sold at a foreclosure sale for $250,000. After the insurance payment, how much is the net loss amount for the lender? I $100,000 SO $45,000 $10,000