Common use of Program Interactions with Other HFA Clause in Contracts

Program Interactions with Other HFA. Programs The MAP program could have some forms of interaction with the other HHF programs. Specifically, if a MAP program recipient does achieve re-employment status and would possibly be a candidate for a HHF principal reduction program, then NAHAC will advise the borrower of such. However, if the recipient drops out of the MAP program due to failing to remit their portion of the monthly mortgage payment, and it appears evident that the borrower may lose their home due to lack of means to sustain the mortgage, then the borrower will be advised about the HHF short-sale program.

Appears in 5 contracts

Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement

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Program Interactions with Other HFA. Programs The MAP program could have some forms of interaction with the other HHF programs. Specifically, if a MAP program recipient does achieve re-employment status and would possibly be a candidate for a HHF principal reduction program, then NAHAC will advise the borrower of such. However, if the recipient drops out of the MAP program due to failing to remit complete their portion of the monthly mortgage paymentretraining program, and it appears evident that the borrower may lose their home due to lack of means to sustain the mortgage, then the borrower will be advised about the HHF short-sale program.

Appears in 3 contracts

Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement

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