Examples of Government Mortgage Loan in a sentence

Servicers must have procedures in place to confirm that the required property insurance coverage is in place at all times on the Mortgaged Property.The Servicer shall monitor the insurance coverage which the Borrower is required to maintain for each Conventional Mortgage Loan and each Government Mortgage Loan.
The primary lender for the Government Mortgage Loan Programme is the Bahamas Mortgage Corporation that was established in 1983, primarily to provide mortgage loans under the guaranteed loan programme.
One example of a well-intentioned, but poorly targeted, program is the Government Mortgage Loan Program, through which commercial banks can offer below-market interest rate loans for 20-year terms to households for the purpose of new apartment or house purchase of less than 80 square meters.
Ignorance of the surface mind Ignorant of both the superconscient, and the world around.
Candidate must have studied the subject at the qualifying examination asone of the optional subjects (Wherever necessary).

More Definitions of Government Mortgage Loan

Government Mortgage Loan. Unless defined otherwise in the Transactions Terms Letter, a first lien mortgage loan, other than a Nonperforming/Subperforming Mortgage Loan, that is (a) eligible for insurance by FHA and is so insured or is subject to a current binding and enforceable commitment for such insurance pursuant to the provisions of the National Housing Act, as amended, and is otherwise eligible for inclusion in a Xxxxxx Mae mortgage-backed security pool; or (b) eligible to be guaranteed by the VA and is so guaranteed or is subject to a current binding and enforceable commitment for such guarantee pursuant to the provisions of the Servicemen’s Readjustment Act, as amended, and is otherwise eligible for inclusion in a Xxxxxx Xxx mortgage-backed security pool.

Government Mortgage Loan. A Mortgage Loan that is insured or guaranteed in whole or in part by an agency or department of the government of the United States (including the Federal Housing Administration, the Veterans Administration, the Rural Housing Service, the Department of Housing and Urban Development or any successor agency to any of them), any state or territory of the United States or the District of Columbia. Guarantor: Xxxxxx Xxx, in its corporate capacity as guarantor under this Trust Agreement, or any successor or assign that assumes the responsibilities provided for this capacity in the Trust Documents.

Government Mortgage Loan means a first Lien Mortgage Loan that is (a) eligible for FHA mortgage insurance and is so insured, is subject to, or an application has been or will be submitted for, a binding and enforceable commitment for such insurance pursuant to the provisions of the National Housing Act, as amended, and is originated in strict compliance with the requirements of Xxxxxx Xxx and is eligible for inclusion in a Xxxxxx Mae mortgage-backed security pool; or (b) eligible to be guaranteed by the VA and is so guaranteed, is subject to, or an application has been or will be submitted for, a binding and enforceable commitment for such guarantee pursuant to the provisions of the Servicemen’s Readjustment Act, as amended, and is otherwise eligible for inclusion in a Xxxxxx Xxx mortgage-backed security pool.

Government Mortgage Loan means an FHA Loan, VA Loan or RHS Loan.

Government Mortgage Loan means a first Lien Mortgage Loan that is (a) eligible for FHA mortgage insurance and is so insured, is subject to, or an application has been or will be submitted for, a binding and enforceable commitment for such insurance pursuant to the provisions of the National Housing Act, as amended, and is originated in compliance with the requirements of Ginnie Mae and is eligible for inclusion in a Ginnie Mae mortgage-backed security pool; or (b) eligible to be guaranteed by the VA and is so guaranteed, is subject to, or an application has been or will be submitted for, a binding and enforceable commitment for such guarantee pursuant to the provisions of the Servicemen’s Readjustment Act, as amended, and is otherwise eligible for inclusion in a Ginnie Mae mortgage-backed security pool.