HUD Handbook definition

HUD Handbook means regulations promulgated by HUD under the National Housing Act, codified in 24 Code of Federal Regulations, and other HUD issuances relating to HECM Loans, including, but not limited to, the HUD Home Equity Conversion Mortgage Handbook 4235.1 REV-1 and any subsequent revisions thereto and any other handbook or Mortgagee Letters, circulars, notices or other issuances issued by HUD applicable to the Mortgage Loans, as amended, modified, updated or supplemented from time to time.
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HUD Handbook. HUD issuances relating to the Mortgage Loans, including, but not limited to, HUD Handbook 4330.1 REV-5 and any subsequent revisions thereto and any other handbook or mortgagee letters, circulars, notices or other issuances issued by HUD applicable to the Mortgage Loans, as amended, modified, updated or supplemented from time to time.
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HUD Handbook means the Regulations promulgated by HUD under the National Housing Act, codified in Title 24 of the Code of Federal Regulations, and other HUD issuances relating to HECM Loans, including, but not limited to, the HUD Home Equity Conversion Mortgage Handbook 4235.1 REV-1, HUD Handbook 4330.1 REV-5 and any subsequent revisions thereto and any other handbook or mortgagee letters, circulars, notices or other issuances issued by HUD applicable to the Mortgage Loans, as amended, modified, updated or supplemented from time to time.
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Examples of HUD Handbook in a sentence

  • The allowability of the direct and indirect costs shall be determined in accordance with the Contract Cost Principles and Procedures for Commercial Firms in Part 31 of the Federal Acquisition Regulation (48 CFR 1-31), as implemented by HUD Handbook 2210.18, in effect on the date of this contract.

  • Unborn ChildrenIn accordance with the HUD Handbook 4350.3, owner shall include unborn children in determining household size and applicable income limits.

  • Owner shall refer to HUD Handbook 4350.3 REV-1 for guidance on the proper calculation and verification of income and assets per IRC regulations.

  • The O/A must give you the opportunity to contest such findings in accordance with HUD Handbook 4350.3 Rev.

  • For additional, non-exhaustive guidance on providing relocation assistance to persons with disabilities, see Exhibit 3-1 in HUD Handbook 1378.

  • For each recommendation without a management decision, please respond and provide status reports in accordance with the HUD Handbook.

  • The PHA or its management agent should consult the instructions in the form HUD 935.2A and HUD’s Implementing Affirmative Fair Housing Marketing Requirements Handbook (HUD Handbook 8025.1) for guidance on completing the AFHMP and carrying out an affirmative marketing program.

  • The PHA or Project Owner should consult the instructions in the form HUD 935.2A and HUD’s Implementing Affirmative Fair Housing Marketing Requirements Handbook (HUD Handbook 8025.1) for guidance on completing the AFHMP and carrying out an affirmative marketing program.

  • Under the URA, the resident becomes eligible to receive applicable relocation assistance and payments as a “displaced person” when the temporary relocation period exceeds one year and each time thereafter that the temporary relocation extends beyond the previously anticipated duration, at 78 HUD Handbook 1378, Chapter 2, Section 2-7 governs activities subject to URA requirements and informs, but is not binding upon, any RAD activities not governed by the URA.

  • Section 6.6 summarises ways in which these impacts can be mitigated through the planning system and the application of the Plan policies.


More Definitions of HUD Handbook

HUD Handbook. The HUD Home Equity Conversion Mortgage Handbook 4235.1 REV-1 and any subsequent revisions thereto.
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HUD Handbook means the Regulations promulgated by HUD under the National Housing Act, codified in Title 24 of the Code of Federal Regulations, and other HUD issuances relating to HECM Loans, including, but not limited to, the HUD Home Equity Conversion Mortgage Handbook 4235.1 REV-1, HUD Handbook 4330.1 REV-5 and any subsequent revisions thereto and any other handbook or mortgagee letters,
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HUD Handbook means the HUD Home Equity Conversion Mortgage Handbook 4235.1 Rev-1 and any subsequent revisions thereto. (j) “HUD HECM Guidelines” means the regulations promulgated by HUD under the National Housing Act, codified in 24 Code of Federal Regulations, and other HUD guidance relating to the Mortgage Assets, in each case, as may be amended from time to time, and including, without limitation, the HUD HECM Mortgagee Letters. (k) “HUD HECM Mortgagee Letters” means the letters published by HUD from time to time that, among other things, provide for the implementation and interpretation of, and describe policy matters relating to, the HECM Program and the HUD Handbook. (l) “Impaired Asset Loss” means Loan Losses attributable to (i) a reduction in proceeds of, or cancellation of, or failure to obtain or maintain, FHA Insurance, including as a result of any such indemnification agreement, in each case arising out of facts or circumstances occurring prior to the Closing Date (an “Impaired Asset”) or (ii) the inability of Buyer to file a claim for FHA Insurance with HUD in respect of any such Impaired Asset. (m) “Repurchase Price” means, with respect to each MSR Asset and the related date of determination, an amount equal to (i) the total amount of funds that Buyer is required to pay the related Agency for the repurchase of the related Mortgage Loan, plus (ii) any Advances that have been capitalized into the unpaid principal balance of the related Mortgage Loan but were not part of the unpaid principal balance used to calculate the price paid to the related Agency in clause (i), plus (iii) any Advances that have not been capitalized into the unpaid principal balance of the related Mortgage Loan, plus (iv) the portion of the Consideration paid on the Sale Date allocated to such MSR Asset, plus (v) reasonable out of pocket costs and expenses incurred by Buyer to repurchase the related Mortgage Loan from the related Agency, minus (vi) all collections on the related Mortgage Loan that have been retained by Buyer. (n) “Title Losses” means any Loan Losses (including, without limitation diminution in the interest allowance in respect of an FHA Insurance claim pursuant to 24 C.F.R. 206.129(d)(2)(iii)) incurred as a direct result of (i) a Title Timeframe Failure, (ii) any other title defects in existence or arising on or before the MSR Transfer Date due to the failure of the Seller or any prior servicer to service the Mortgage Loans in accordance with Applicable Requirements.
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Related to HUD Handbook

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Code of Ethics means a statement encompassing the set of rules based on values and the standards of conduct to which suppliers are expected to conform

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Credit Policy means the “New Jersey Infrastructure Bank Credit Policy,” as adopted by the Board of Directors of the I-Bank and as further amended and supplemented from time to time.