FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Title II (09/14/2015)
FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Title II (09/14/2015).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Title II (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 — b. Title II (09/14/2015)
b. Title II (09/14/2015) i. Definition A Title II Mortgagee is a Mortgagee that has been approved to participate in Title II and/or Title XI programs under the National Housing Act (12 U.S.C. § 1707 et seq. and 12 U.S.C. § 1749aaa et seq.). ii. Standard A Title II Mortgagee may be approved to originate, underwrite, close, endorse, service, purchase, hold, or sell FHA Single Family insured Mortgages or multifamily Mortgages. 2. Types of Approved Mortgagees FHA approves Mortgagees as one of the following four types: Supervised, Nonsupervised, Government, or Investing.