FHA Policy definition

FHA Policy means a mortgage insurance policy administered by the FHA with respect to reverse mortgage loans in accordance with the FHA Regulations, the HUD Handbook and other HUD publications relating to the Mortgage Loans, including, without limitation, related handbooks, circulars, notices and mortgagee letters.
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FHA Policy. A certificate of insurance issued by the FHA for the benefit of the mortgagee.
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FHA Policy means the contract of insurance administered by the FHA with respect to mortgage loans in accordance with the FHA regulations and other HUD publications relating to mortgage loans, including, without limitation, related handbooks, circulars, notices and mortgagee letters.
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Examples of FHA Policy in a sentence

  • Refer to 4000.1.II.A.1.b-Exceptions to the FHA Policy Limiting the Number of Mortgages per Borrower.

  • Aggregate Economic Conditions Around the Time of the FHA Policy ChangesNote.—This figure plots monthly time series trends for several key measures of aggregate economic con- ditions around the time of the FHA SLR policy changes.

  • The related FHA Policy calls for the assignment of the Loan to HUD as opposed to the co-insurance option.

  • No Loan is subject to any defect that could diminish or impair the FHA Policy, and all prior transfers, if any, of any Loan have been, and the transactions herein contemplated are, in compliance with all applicable FHA Regulations (including, without limitation, the HECM Handbook), and no circumstances exist with respect to the Loans that could permit the HUD/FHA to deny coverage, in whole or in part, under the related FHA Policy.

  • Model 1Model 2Model 3Model 4Probability Loan Refinanced (%)−1−.75−.5−.250.25.5Mar 2009 Aug 2009 Jan 2010 Jun 2010Month FIGURE A.2Flexible Diff-in-Diff Estimates of the Effect of the FHA Policy Changes on RefinancingNote.—This figure reports estimates of the effect of the change in FHA policies on FHA refinancing derived from a flexible difference-in-differences specification that allows the effect to vary freely by month of obser- vation.

  • Coefficient95% CIProbability Loan Refinanced (%)−1−.75−.5−.250.25.5Mar 2009 Aug 2009 Jan 2010 Jun 2010Month FIGURE IIIFlexible Diff-in-Diff Estimates of the Effect of the FHA Policy Changes on RefinancingNote.—This figure reports estimates of the effect of the change in FHA policies on FHA refinancing de- rived from a flexible difference-in-differences specification that allows the effect to vary freely by month of observation.

  • All necessary steps on the part of Seller have been taken to keep such insurance valid, binding and enforceable and, to the best of Seller’s knowledge, the FHA Policy is the binding, valid and enforceable obligation of the FHA to the full extent thereof, without any currently applicable surcharge, set off or defense and all actions of Seller that are necessary to ensure that each FHA Policy remains so valid binding and enforceable have been taken.

  • Refer to 4000.1.II.A.1.c-Exceptions to the FHA Policy Limiting the Number of Mortgages per Borrower.

  • The Mortgage Loan obligates the Mortgagor thereunder to maintain the FHA Policy and to pay all premiums and charges in connection therewith.

  • Each FHA Policy is the valid, binding and enforceable obligation of FHA, to the full extent provided thereby, without surcharge, set-off or defense, and all actions that are necessary to ensure that each FHA Policy remains so valid, binding and enforceable have been taken.

Related to FHA Policy

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Policy means Related Party Transaction Policy.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Blanket insurance policy means a group policy covering a defined class of

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Reimbursement insurance policy means a policy of insurance

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • Board Policy means any and all policies adopted by the School Board and in effect at the time the RFP is published and as they may be amended from time to time (“Board Policy”). All Board Policies are incorporated by reference into this Solicitation and into all Proposals submitted by a Proposer.

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Support Policy shall have the meaning given to it in the Support Terms (defined below).

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • City Policies means any or all (as the context requires) of those procedures, standards and/or standard specifications, requirements, policies and the like listed in Schedule H or notified to the Supplier from time to time, as the same may be updated, modified, expanded, revised, supplemented and/or replaced from time to time by the City (as notified to the Supplier);

  • Tail Policy has the meaning set forth in Section 6.18(b).