24 C.F.R. §203.255 - Insurance of mortgage
| Cite as | 24 C.F.R. §203.255 |
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8 cases
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United States v. Wells Fargo Bank, N.A., 12 Civ. 7527(JMF).
...See, e.g., HUD Handbook 4150.2 (valuation and appraisal requirements); HUD Handbook 4155.1 (borrower eligibility requirements); 24 C.F.R. § 203.255 (providing that before endorsing a mortgage for insurance, the Secretary will review the application to ensure, among other things, that the le......
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Ekstrom v. Cong. Bank, Civil Action No. ELH-20-1501
...Endorsement" form that is required for Federal Housing Administration ("FHA") or VA loans. Id. ¶¶ 111, 112 (citing 24 C.F.R. §§ 203.27, 203.255). However, according to plaintiffs, "American Bank falsely certified borrowers Direct Endorsement" because "the fees charged borrowers did not comp......
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Quicken Loans Inc. v. United States, Case No. 15-cv-11408
...requirements, the Secretary of HUD “may review all documents” required for a mortgage's insurance endorsement under the DEL program. 24 C.F.R. § 203.255(e). Quicken refers to this review as the Post-Endorsement Technical Review (“PETR”). Compl. ¶ 48. If this after-the-fact review reveals th......
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United States v. Quicken Loans Inc., Case No. 16–cv–14050
...mortgage for FHA insurance, the mortgage lender agrees to indemnify HUD for claims paid out to the lender in certain circumstances. 24 C.F.R. § 203.255(g)(1). However, the certifications are different depending on whether the loan was manually underwritten or the lender used an AUS. Compl. ......
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1 firm's commentaries
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No More Mister Nice Guy: Indemnification Now Required by FHA Lender Insurance Regulations
...vi 12 U.S.C. §1715z-21(c)(1). vii 12 U.S.C. §1715z-21(e); 24 C.F.R. 203.255(f)(4). viii See 75 Fed. Reg. 62,335 (Oct. 8, 2010). ix See 77 Fed. Reg. 3,598, 3,605 (Jan. 25, 2012). x Id. xi Id. at 3,599-3,600. xii Id. at 3,600. xiii Id. at 3,605. xiv 77 Fed. Reg. at 3,605. xv Id. at 3,600. xvi......