Federal mortgage definition

Federal mortgage means a mortgage loan for land development for residential housing or
Federal mortgage means a mortgage loan for land development, residential
Federal mortgage means a mortgage loan made by the federal government or for which there is a commitment by the federal government to make such a mortgage loan.

Examples of Federal mortgage in a sentence

  • A State Agency that used the Fast Track Procedures formerly in this part must provide per- manent financing for any new con- struction or substantial rehabilitation project without Federal mortgage in- surance, except coinsurance under sec- tion 244 under the National Housing Act (12 U.S.C. 1701 et seq).

  • A State Agency which provides perma- nent financing for newly constructed or substantially rehabilitated housing processed under subpart D and financed without Federal mortgage insurance or a Federal guarantee except coinsur- ance under Section 244 of the National Housing Act.Independent Public Accountant.

  • In order to be eligible for these proce- dures, a State Agency must provide permanent financing without Federal mortgage insurance or a Federal guar- antee except coinsurance under Sec- tion 244 of the National Housing Act.Financing Cost Contingency (FCC).

  • To satisfy the requirement of this paragraph, Federal mortgage funds must be at risk with respect to a mortgage that is secured by the building or a project of which the building is a part.

  • The Federal mortgage agencies are authorized to issue such individual and joint regulations as may be necessary to carry out this section and to insure the uniform administration thereof.

  • Several commenters,including the Governor of the CNMI, the CNMI Senate, the Rota Delegation to the CNMI Legislature, and the acting Commissioner of the Mariana Public Lands Authority, observed that the section 7 consultation burden generated by critical habitat will impede projects on private lands that involve Federal permits for infrastructure development, Federal Highway Administration funds for primary village roads, Department of Veterans Affairs (VA) mortgage loans, or Federal mortgage insurance.

  • To satisfy the requirement of this para- graph, Federal mortgage funds must be at risk with respect to a mortgage that is secured by the building or a project of which the building is a part.

  • Federal mortgage rules are currently limiting insured mortgages to 25 years, while uninsured mortgages are typically offered for up to 30 years.

  • TOP> The Housing and Community Development Act of1987 (P.L. 100-242, 2/5/88) established a Federal mortgage insurance program, Section 255 of the National Housing Act, to insure home equity conversion mortgages.

  • Use Form 8611 to figure the tax.● Tax from recapture of Federal mortgage subsidy.


More Definitions of Federal mortgage

Federal mortgage means a mortgage loan for residential housing:
Federal mortgage means a mortgage loan for land development for residential housing or residential housing made by the United States or an instrumentality thereof or for which there is a commitment by the United States of America or an instrumentality thereof to make such a mortgage loan.
Federal mortgage means a mortgage loan for land development, residential housing, or nonresidential projects made by the United States or an instrumentality thereof, or a commitment by the United States or an instrumentality thereof to make such a mortgage loan.
Federal mortgage means a mortgage loan for land development or for residential housing made by the United States or an instrumentality thereof to make such a mortgage loan.
Federal mortgage means a mortgage loan for

Related to Federal mortgage

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.