FHA Insurance definition

FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

Examples of FHA Insurance in a sentence

  • Additionally, at the time of submission of the Mortgage Loan for purchase, the Mortgage Lender shall provide evidence satisfactory to the Servicer that the Mortgage Lender has applied for FHA Insurance, a VA Guaranty, or a USDA Rural Development Guaranty, or in the case of a Conventional Mortgage Loan, that the Mortgage Lender has received a binding commitment from a PMI Insurer or otherwise meets Xxxxxxx Mac or Xxxxxx Mae requirements.

  • Additionally, at the time of submission of the Mortgage Loan for purchase, the Mortgage Lender shall provide evidence satisfactory to the Servicer that the Mortgage Lender has applied for FHA Insurance or VA, RD or HUD Guaranty and otherwise meets Xxxxxx Mae requirements or in the case of a Conventional Mortgage Loan shall provide a binding certificate of insurance from the PMI Insurer or otherwise meets Xxxxxx Xxx or Xxxxxxx Mac requirements, as applicable.

  • The PFI as the Servicer shall be responsible for any and all Unreimbursed Servicing Expenses for any Government Mortgage (after application of all applicable FHA Insurance, VA Guaranty or other government insurance or guaranty) in accordance with Section 7.1(d) below, and therefore no losses with respect to a Government Mortgage are payable by the Bank except as may expressly be agreed to in writing by the Bank.

  • At all times prior to the payment of such FHA Claim Proceeds, Seller will be and remain responsible for paying all premiums related to the FHA Insurance.

  • If the FHA allows Xxxxxx Xxx to decide the form in which FHA Insurance Benefits will be paid (e.g., cash, FHA Debentures or some combination thereof), Xxxxxx Mae shall in each case request that such FHA Insurance Benefits be paid in cash.


More Definitions of FHA Insurance

FHA Insurance means FHA mortgage insurance issued under one of the FHA Insurance programs for one (1) unit dwellings pursuant to the National Housing Act.
FHA Insurance. As to any FHA Asset, FHA's agreement to reimburse the owner of such Asset for the amount of any losses incurred upon the liquidation of such Asset.
FHA Insurance means the credit insurance provided by FHA pursuant to Title I of the National Housing Act, as evidenced by the Company's Contract of Insurance.
FHA Insurance means an insurance policy granted by the FHA with respect to a mortgage loan under the applicable section of the National Housing Act (the “Act”), as amended from time to time.
FHA Insurance means an insurance policy granted by the FHA with respect to any Mortgage Loan.
FHA Insurance means FHA mortgage insurance on residences presently insured under any of the FHA insurance programs pursuant to the National Housing Act of 1934, as amended.
FHA Insurance means the insurance of the Mortgage Loan by FHA pursuant to Section 221(d)(4) of the National Housing Act.