Examples of FHA Insurance in a sentence
Collection ProceduresThe Master Servicer, directly or through one or more Sub-Servicers, will make reasonable efforts to collect all payments called for under the Mortgage Loans and will, consistent with each Agreement and any Mortgage Pool Insurance Policy, Primary Mortgage Insurance Policy, FHA Insurance, VA Guaranty and Bankruptcy Bond or alternative arrangements, follow such collection procedures as are customary with respect to mortgage loans that are comparable to the Mortgage Loans.
In the event that the Trustee shall transfer, assign and deliver such 2021 Series L Mortgage Loan with respect thereto, back to the Corporation pursuant to said Section 7.10(A) of the General Resolution, the Corporation shall once again assume all obligations under the FHA Insurance contract, at which time the Trustee shall be released from its obligations under such FHA Insurance contract, all in accordance with all applicable HUD regulations.
With respect to any 2021 Series L Mortgage Loan insured by FHA Insurance, any assignment or reassignment of such 2021 Series L Mortgage Loan pursuant to Section 7.10(A) of the General Resolution shall be effected in accordance with all applicable HUD regulations.
The Corporation shall not seek any extension of the deadline for filing notice of its intention to file a claim for FHA Insurance and assign such 2021 Series L Mortgage Loan to HUD.
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 Ginnie 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 Fannie Mae or Freddie Mac requirements, as applicable.