Scope and frequency of revie Sample Clauses

Scope and frequency of revie. The Secretary will review, on an ongoing basis, the number of defaults and claims on mort- gages originated, underwritten, or both, by each mortgagee in the geo- graphic area served by a HUD field of- fice. HUD will make this rate informa- tion available to mortgagees and the public through electronic means and will issue instructions for accessing this information through a Mortgagee Letter. For this purpose, and for all purposes under paragraph (c) of this section, a mortgage is considered to be originated in the same federal fiscal year in which its amortization com- mences. The Secretary may also review the insured mortgage performance of a mortgagee’s branch offices individually and may terminate the authority of the branch or the authority of the mortgagee’s overall operation.
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