To Purchase a House for $600,000, Grant Applies for a Mortgage

To purchase a house for $600,000, Grant applies for a mortgage loan at Home Bank. The bank requires a 20-percent down payment. Grant agrees to pay $60,000 and obtain insurance to cover the remaining 10 percent. Later, Grant defaults on the loan. The insurer must reimburse

A) Grant.
B) Home Bank.
C) Grant and Home Bank in equal measure.
D) neither Grant nor Home Bank.