FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Standard (09/14/2015)
FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Standard (09/14/2015).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Standard (09/14/2015) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Standard (09/14/2015)
a. Standard (09/14/2015) The Mortgagee must satisfy all outstanding payable indemnification debts and Mortgage Insurance Premiums (MIP) and transfer the servicing and ownership of any FHA-insured Mortgages in its portfolio to an FHA-approved Mortgagee prior to its request being approved, and the Mortgagee will remain obligated on any outstanding indemnification agreements. FHA will not honor a Mortgagee’s request to withdraw while there is a pending administrative action or MRB action, or while the Mortgagee has unpaid indemnification claims or unsatisfied settlement agreement obligations owed to HUD.