C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 203—SINGLE FAMILY MORTGAGE INSURANCE › Subpart A—Eligibility Requirements and Underwriting Procedures

24 C.F.R. § 203.1

Underwriting procedures

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The three underwriting procedures for single family mortgages are:

(a) Direct Endorsement. This procedure, which is described in § 203.5, is available for mortgagees that are eligible under § 203.3.

(b) Lender insurance. This procedure, which is described in § 203.6, is available for mortgagees that are eligible for the Direct Endorsement program under § 203.5, and that are also approved according to § 203.4.

(c) Issuing of commitments through HUD offices. Processing through HUD offices as described in § 203.7, with issuance of commitments, is available only for mortgages that are not eligible for Direct Endorsement processing under § 203.5(b) or to the extent required in § 203.3(b)(4), § 203.3(d)(1), or as determined by the Secretary.

[62 FR 30225, June 2, 1997]
Notes of Decisions
Cited in 8 cases, 1974–1991 · leading case: In Re Hibbert, 14 B.R. 891 (Bankr. E.D.N.Y. 1981).
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In Re Hibbert, 14 B.R. 891 (Bankr. E.D.N.Y. 1981). “); 24 C.F.R. §§ 203.1 et seq. (1972). Under the terms of this guarantee, upon the mortgagor’s default, the mortgagee may assign the mortgage to the FHA which will repay the mortgagee the unpaid principal, accrued and unpaid mortgage interest, and “[Reimbursement for such costs…”
Platte Valley Sav. v. Crall, 821 P.2d 305 (Colo. Ct. App. 1991). “§§ 1709 and 1710 (1991); 24 C.F.R. § 203.1 et seq. (1991); and Sandusky v.”
DeRoo v. United States, 12 Cl. Ct. 356 (Ct. Cl. 1987). “142 (1982); 24 C.F.R. § 203.1 (1982). There is no provision for submission of an application by an individual mortgagee or potential mortgagor such as Mr.”
Phillips v. Crocker-Citizens Nat'l Bank, 38 Cal. App. 3d 901 (Cal. Ct. App. 1974). · cites it 2× “” It is further alleged that the named defendants “are approved mortgagees doing business within the State of California who have met the requirements of the FHA as specified in 24 C.F.R. §§ 203.1 , 203.2, 203.3, 203.4, 203.”
Clark v. Grover, 347 N.W.2d 748 (Mich. Ct. App. 1984). “The secretary has promulgated rules governing applications for such insurance, see 24 CFR 203.1 et seq., and among those rules is one requiring that buildings on the property conform to the minimum standards adopted by the department.”
Roberts v. Cameron-Brown Co., 410 F. Supp. 988 (S.D. Ga. 1975). · cites it 2× “, or the regulations promulgated pursuant to those sections, to state participation in the program is in 24 C.F.R. § 203.1 , which provides in part that any state agency empowered to hold mortgages insured under the National Housing Act may be approved as a mortgagee under the…”
Roberts v. Cameron Brown Co., 72 F.R.D. 483 (S.D. Ga. 1975). “See 24 C.F.R. §§ 203.1 to 203.9, as incorporated in Section 235 by 24 C.”
Hall v. United States Dep't of Hous. & Urban Dev. (In re Hall), 55 B.R. 207 (Bankr. E.D. Pa. 1985). “, and federal regulations promulgated thereunder, 24 C.F.R. § 203.1 et seq. (1982). The mortgage is likewise subject to the assignment provisions of 12 U.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.