FHA Non-Recourse Policy -- Multifamily Mortgage Insurance ProgramsNovember 7th, 2016
FiledNovember 7th, 2016For all new FHA-insured mortgages, including the refinance of currently FHA-insured mortgages, the Regulatory Agreement now includes a section addressing the non-recourse “carve-outs” identified as “Section 50.” The provisions of this Section do not alter the
FHA Non-Recourse Policy -- Multifamily Mortgage Insurance ProgramsDecember 18th, 2012
FiledDecember 18th, 2012For all new FHA-insured mortgages, including the refinance of currently FHA-insured mortgages, the Regulatory Agreement now includes a section addressing the non-recourse “carve-outs” identified as “Section 50.” The provisions of this Section do not alter the non-recourse nature of the loan but do require the signatories to accept personal liability for certain acts and project funds: