Examples of HUD Mortgage in a sentence
HUD Mortgage Credit staff will consult with Asset Management staff prior to approving the release.
Purchaser shall cause the Successor Servicer to service each HUD Mortgage Loan, beginning on and after the Transfer Date, in accordance with all applicable state and federal laws and regulations, including but not limited to RESPA and the National Housing Act.
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If Buyer assumes the HUD Mortgage, Buyer shall obtain the full release of Seller and any and all other signors, guarantors, makers or others from the HUD Mortgage and Buyer shall fund any replacement reserves and escrows and such existing reserves and escrows shall be returned to Seller.
Anything contained in this Agreement or in any transfer document to the contrary notwithstanding, this Agreement and the transfer documents to be delivered hereunder shall not constitute an agreement to assign any contract or any claim or any right or benefit arising thereunder or resulting therefrom if an attempted assignment thereof, without the consent of a third party thereto, would constitute a breach thereof or in any way affect the rights of Buyer thereunder, except for the HUD Mortgage.
HUD Mortgage Credit analysis can only be performed by a HUD staff examiner and should comprise the following: A.Borrower's application.
This periodic post-sale reporting requirement shall end on the “Post-Sale Reporting Period End Date,” which is the date on which the fourth (4th) Post-Sale Report following the Transfer Date, as set forth in Exhibit J, has been delivered or the date on which each of the HUD Mortgage Loans has been liquidated, whichever occurs first.
None of the Serviced Loans or Purchased Loans covered by HUD Mortgage Insurance is a loan co-insured by HUD under the National Housing Act.
The Grants, HUD Mortgage, Holtz-Krause Cleanup Up, Hazardous Materials Emergency Response, Housing Stock Improvement, Public Access Cable, and Recycling special revenue funds incurred expenditures over appropriations by $373,753, $2,374, $22,879, $1,224, $88,828, $3,763, and $13,828 respectively; and in the Debt Service Fund by $430,123.
Notwithstanding the Closing, Buyer shall make good faith efforts to obtain all requisite approvals, consents and authorizations from any necessary party to the HUD Mortgage, or in the alternative, Buyer shall obtain conventional financing to refinance the HUD Mortgage.