mr. unfortunate purchased a house with the help of a fHA loan. The loan amount at origination was $500,000 and the loan-to-value ratio was 95%. A private mortgage insurance (PMI) is thus required by the lender. The coverage ratio of the pmi is 25% of the original loan valule. Recently, Mr. Unfortunate defaulted mortgage payment and the property foreclosed. The property was then sold in a foreclosure auction at $350,000. The remaining loan balance was $440,000. How much will the PMI insurance company pay to the lender?

A. 0

B .90,000

C. 440,000