COMPLIANCE WITH FHA REGULATIONS AND FILING OF FHA CLAIMS. (a) The Contract of Insurance Holder shall at all times be reflected as the mortgagee of record solely for FHA regulatory purposes with respect to each FHA Asset and shall maintain its status as a HUD approved mortgagee. To the extent applicable to the duties of the Contract of Insurance Holder hereunder, the Contract of Insurance Holder shall take or refrain from taking such actions as directed by the Claims Administrator, as necessary or appropriate to maintain FHA Insurance for the FHA Assets.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Home Equity Corp)
COMPLIANCE WITH FHA REGULATIONS AND FILING OF FHA CLAIMS. (ai) The Contract of Insurance Holder shall at all times be reflected as the mortgagee lender of record solely for FHA regulatory purposes with respect to each FHA Asset and shall maintain its status as a HUD approved mortgageelender. To the extent applicable to the duties of the Contract of Insurance Holder hereunder, the Contract of Insurance Holder shall take or refrain from taking such actions as directed by the Claims Administrator, as necessary or appropriate to maintain FHA Insurance for the FHA Assets.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)
