Manufactured Housing Loan definition

Manufactured Housing Loan. A Mortgage Loan made to finance the purchase of a Manufactured Home.
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Manufactured Housing Loan under the NJ Act;
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Manufactured Housing Loan. A loan or installment sales contract secured, in whole or in part, by a Manufactured Home.
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Examples of Manufactured Housing Loan in a sentence

  • Title I Manufactured Housing Loan Direct Endorsement Authority 37 d.

  • In response to market participants request for research, we published “Insights into Manufactured Housing Loan Performance: A Decade in Review” during the first Plan cycle to provide a line of sight into manufactured home loan performance.

  • Any such new HELOC or One Time Close Manufactured Housing Loan (but not a new One Time Close 1-4 Family Housing Loan) may, subject to the terms and conditions hereof, become the subject of a new Transaction.

  • This handbook provides the policies and guidelines for manufactured home loans originated prior to HUD’s implementation of the FHA Manufactured Housing Loan Modernization Act of 2008.

  • The FHA Title I Manufactured Housing Loan Insurance Program is the only program at the Federal level that covers these transactions; no other Federal agency or GSE has programs for loans secured by a manufactured home and not land.

  • STRENGTHENING THE TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOAN INSURANCE PROGRAMS AND TITLE I LENDER/TITLE II MORTGAGEE APPROVAL REQUIREMENTS (FR- 4246)Priority: Other SignificantLegal Authority: 12 USC 1703; 12 USC1709; 12 USC 1715b; 42 USC 3535(d)CFR Citation: 24 CFR 201; 24 CFR 202Legal Deadline: NoneAbstract: This rule amends HUD’s regulations for the Title I Property Improvement and Manufactured Housing Loan Insurance programs.

  • Background—HUD’s March 30, 2000 Proposed RuleOn March 30, 2000 (65 FR 17120),HUD published for public comment a proposed rule to amend HUD’s regulations for the Title I Property Improvement and Manufactured Housing Loan Insurance program.

  • SC is working in partnership with community volunteers to provide TLS lessons.

  • Securities backed by ownership of, or participation interests in, pools of one- to four-family residential mortgage loans that entitle the holders to receive the cash flow from such pools, including, without limitation, Residential A Mortgage Securities, Residential B/C Mortgage Securities, Manufactured Housing Loan Securities and Home Equity Loan Securities.

  • These marketing materials shall be limited to a Manufactured Housing Loan application, a flier describing Purchaser's Manufactured Home Loan products and information with respect to Purchaser's toll-free loan-by-phone connection (collectively, the "MHL Application").


More Definitions of Manufactured Housing Loan

Manufactured Housing Loan. A manufactured home, including all accessions thereto, that is legally classified as real property under state law.
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Manufactured Housing Loan under the NJ Act. All Mortgage Loans originated in New Jersey are ratable by S&P, Fitch and Moody's;
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Manufactured Housing Loan means a Conventional Conforming Loan or a Government Loan, the Mortgage Property securing which is a Manufactured Home and whose underwriting, Takeout Commitment (if any), appraisal and all related documentation comply with applicable Agency Guidelines and the applicable representations in Exhibit B.
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Manufactured Housing Loan means a Mortgage Loan made to finance the purchase of a Manufactured Home.
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Manufactured Housing Loan means a conventional Mortgage Loan secured by a Manufactured Housing Unit, in accordance with Xxxxxx Mae's guidelines.
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Related to Manufactured Housing Loan

  • Manufactured housing means a structural unit or units designed for occupancy and constructed in a manufacturing facility and transported, by the use of its own chassis or an independent chassis, to a building site. The term includes any type of building that is constructed at a manufacturing facility and transported to a building site where it is used for housing and may be purchased or sold by a dealer in the interim. For purposes of this section, 2 types of manufactured housing are included. Those 2 types are:

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".

  • Manufactured home park means any tract of land upon which three or more manufactured or mobile homes used for habitation are parked, either free of charge or for revenue purposes, and includes any roadway, building, structure, vehicle, or enclosure used or intended for use as a part of the facilities of the park. "Manufactured home park" does not include any of the following:

  • Manufactured-home transaction means a secured transaction:

  • Existing Manufactured Home Park or Manufactured Home Subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including, at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) was completed before the initial effective date of the floodplain management regulations adopted by the community.

  • Manufactured home dealer means any person, firm or

  • Manufactured home community means the same as land-leased community defined in sections 335.30A and 414.28A.

  • Manufactured dwelling means a residential trailer, a mobile home or a manufactured

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • FHA Approved Mortgagee means a corporation or institution approved as a mortgagee by the FHA under the National Housing Act, as amended from time to time, and applicable FHA Regulations, and eligible to own and service mortgage loans such as the FHA Loans.

  • Commercial loan means a loan that is not made primarily for

  • Manufactured dwelling park means a place where four or more manufactured dwellings

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Educational loan means a loan made by the authority to an institution.

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Manufactured/mobile home means either a manufactured home or a mobile home;

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Covered Loan A Mortgage Loan categorized as Covered pursuant to Appendix E of Standard & Poor's Glossary.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.