Federally related mortgage loan means a loan secured by a first lien or mortgage on one-to-four family residential immovable property subject to 12 U.S.C. 1735F(7).
Federally related mortgage loan means an extension of credit to a
Federally related mortgage loan means an extension of credit to a consumer secured by a first mortgage on residential immovable property located in this state, including: a mobile home which will be immobilized pursuant to R.S. 9:1149.4 and designed principally for the occupancy of from one to four families; and which is one of the following:
Examples of Federally related mortgage loan in a sentence
To be covered by§ 226.19, a transaction must be a Federally related mortgage loan under RESPA.
This approach was consistent with RESPA’s requirement that creditors provide good faith estimates of settlement costs not later than three business days after the creditor receives the consumer’s application for a Federally related mortgage loan.
A mortgage transactionsecured by a consumer’s interest in a ‘‘timeshare plan,’’ as defined in 11U.S.C. 101(53D), that is also a Federally related mortgage loan under RESPA is subject to the requirements of§ 226.19(a)(5) instead of the requirements of § 226.19(a)(1) through§ 226.19(a)(4).
In general, Regulation X defines ‘‘application’’ to mean the submission of a borrower’s financial information in anticipation of a credit decision relating to a Federally related mortgage loan.
Section 702 applies, commencing after May 20, 2009, the date of enactment, to ‘‘any foreclosure’’ on (1)a Federally related mortgage loan, or (2) any dwelling or residential real property.
More Definitions of Federally related mortgage loan
Federally related mortgage loan means any loan (other than temporary financing such as a construction loan) which (i) is secured by a first lien on residential real property (including in dividual units of condominiums and co operatives) that is designed principally for the occupancy of from one to four families and is located in a State; and (ii) (A ) is made in whole or in part by a depository institution the deposits or ac counts of which are insured by any agency of the Federal Government, or is
Federally related mortgage loan means any loan other than temporary financing such as a construction loan which:
Federally related mortgage loan means a loan . . . which meets all of the following four requirements: * * * (2) The loan is secured by a first lien . . . covering real estate . . .
Federally related mortgage loan means any loan (other than temporary financing, such as a construction loan): (i) that is secured by a first or subordinate lien on residential real property, including a refinancing of any secured loan on residential real property, upon which there is either (A) located or, following settlement, will be constructed using proceeds of the loan, a structure or structures designed principally for occupancy of from one to four families (including individual units of condominiums and cooperatives and including any related interests, such as a share in the cooperative or right to occupancy of the unit); or located or, following settlement, will be placed using proceeds of the loan, a manufactured home; and; (ii) for which one of the following paragraphs applies. The loan: (A) is made in whole or in part by any lender that is either regulated by or whose deposits or accounts are insured by any agency of the Federal Government; (b) Is made in whole or in part, or is insured, guaranteed, supplemented, or assisted in any way: (1) By the Secretary of the Department of Housing and Urban Development (HUD) or any other officer or agency of the Federal Government; or (2) Under or in connection with a housing or urban development program administered by the Secretary of HUD or a housing or related program administered by any other officer or agency of the Federal Government; (C) Is intended to be sold by the originating lender to the Federal National Mortgage Association, the Government National Mortgage Association, the Federal Home Loan Mortgage Corporation (or its successors), or a financial institution from which the loan is to be purchased by the Federal Home Loan Mortgage Corporation (or its successors); (D) Is made in whole or in part by a “creditor,” as defined in section 103(g) of the Consumer Credit Protection Act (15 U.S.C. 1602(g)), that makes or invests in residential real estate loans aggregating more than $1,000,000 per year. For purposes of this definition, the term “creditor” does not include any agency or instrumentality of any State, and the term “residential real estate loan” means any loan secured by residential real property, including single- family and multifamily residential property; (E) Is originated either by a dealer or, if the obligation is to be assigned to any maker of mortgage loans specified in paragraphs (1)(ii)(A) through (D) of this definition, by a mortgage broker; or (F) Is the subject of a home equity conversion mortgage, also frequ...
Federally related mortgage loan means a loan meeting the definition of “alternative mortgage transaction,” defined in Subsection A of this section, which is:
Federally related mortgage loan means any loan (other than temporary financing such as a construction loan) which (A) is secured by a first lien on residential real property (including in dividual units of condominiums and co operatives) designed principally for the occupancy of from one to four families; and (B) (i) is made in whole or in part by a depository institution the deposits or accounts of which are insured by any agency of the Federal Government, or is made in whole or in part by any deposi tory institution which is regulated by any agency of the Federal Government; or
Federally related mortgage loan means any loan that is secured by a first or subordinate lien on residential real property and that inter alia is made in whole or in part by any lender that is either regulated by or whose deposits or accounts are insured by any agency of the Federal Government or is made in whole or in part by a creditor that makes or invests in residential real estate loans aggregating more than $1,000,000 per year.