Mortgagee Optional Election (MOE) Assignment definition

Mortgagee Optional Election (MOE) Assignment means the optional assignment elected by a mortgagee for an eligible HECM assigned an FHA Case Number prior to August 4, 2014, and associated with an Eligible Surviving Non-Borrowing Spouse.
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Examples of Mortgagee Optional Election (MOE) Assignment in a sentence

  • In Mortgagee Letter 2015-03, FHA set out the Mortgagee Optional Election (MOE) Assignment path to claim payment for existing HECMs with FHA Case Numbers issued prior to August 4, 2014.

  • In Mortgagee Letter 2015–03, FHA set out the Mortgagee Optional Election (MOE) Assignment path to claim payment for existing HECMs with FHA Case Numbers issued prior to August 4, 2014.

  • The option is similar to the Mortgagee Optional Election (MOE) Assignment available to the Bennett and Plunkett plaintiffs, though less restrictive.

  • The Mortgagee Optional Election (MOE) Assignment option outlined in Mortgagee Letter 2015- 15 provides a meaningful opportunity for non-borrowing surviving spouses of reverse mortgage borrowers to avoid displacement and eviction from their home.

  • Where the mortgagee elects the Mortgagee Optional Election (MOE) Assignment, the mortgagee must not complete the Due and Payable Timeline.

Related to Mortgagee Optional Election (MOE) Assignment

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Commitment Transfer Supplement means a document in the form of Exhibit 16.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • term assignment means, in relation to an employee, i. a term assignment within the meaning of the local collective agreement, or ii. where no such definition exists, a term assignment will be defined as twelve (12) days of continuous employment in one assignment

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Insurance Assignment means the valid and effective first legal assignment of the Insurances (together with the notice thereof), to be executed by the Borrower in respect of the Vessel in favour of the Trustee, such assignment and notice to be in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 42 of Schedule 4;

  • First Assignment means: the relevant Assignment; orif, prior to the relevant Assignment:

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).