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).

  • There could arise a claim against a Federal mortgage insurance fund (or such Department or Administration).

  • A mortgage which is assisted or sub- sidized by an agency of a State govern- ment without any Federal mortgage subsidy.Tenant Representative.

  • Facilitates the collection and disbursement of consumer complaints on behalf of State and Federal mortgage regulators.

  • Upon receipt of an application made under this subsection by a distressed mortgagor, the Federal mortgage agency shall issue to such mortgagor a certificate of moratorium if it de- termines, after consultation with the interested mortgagee, that such action is necessary to avoid foreclosure.

  • 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.

  • Facilitates the collection and disburse- ment of consumer complaints on behalf of State and Federal mortgage regulators.(Pub.

  • Any distressed mortgagor, for the purpose of avoiding foreclosure of his mortgage, may apply to the appropriate Federal mortgage agen- cy for a determination that suspension of his ob- ligation to make payments due under such mortgage during a temporary period is nec- essary in order to avoid such foreclosure.


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

  • Commercial Mortgage Loan means a loan secured by a mortgage, other than a residential mortgage loan.

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Residential mortgage loan means any loan primarily for

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • Federal home loan bank means a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. §1421 et seq.

  • 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.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.