FHA Single Family Housing Policy Handbook 4000.1, I. > DOING BUSINESS WITH FHA > A. FHA Lenders and Mortgagees (09/20/2021) > 2. Types of Approved Mortgagees — a. Supervised Mortgagee
HUD effective date: 03/14/2016 · section I.A.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Supervised Mortgagee (03/14/2016).
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FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Supervised Mortgagee (03/14/2016)
a. Supervised Mortgagee (03/14/2016) i. Definitions (A) Supervised Mortgagee A Supervised Mortgagee is a financial institution that is a member of the Federal Reserve System or whose accounts are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA) (collectively, “Federal Banking Agencies”). (B) Large Supervised Mortgagee A Large Supervised Mortgagee is a Supervised Mortgagee that has consolidated assets greater than or equal to the threshold for audited financial reporting established by the Federal Banking Agency with oversight of the Mortgagee. Thresholds are codified at 12 CFR §§ 363.1(a), 562.4(b)(2), and 715.4(c), and are subject to change. (C) Small Supervised Mortgagee A Small Supervised Mortgagee is a Supervised Mortgagee that has consolidated assets below the threshold for audited financial reporting established by the Federal Banking Agency with oversight of the Mortgagee. Thresholds are codified at 12 CFR §§ 363.1(a), 562.4(b)(2), and 715.4(c), and are subject to change. ii. Standard A Supervised Mortgagee must meet the general approval requirements set forth below. iii. Activities Authorized A Supervised Mortgagee may originate, underwrite, close, endorse, service, purchase, hold, or sell FHA-insured Mortgages.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-i-a-supervised-mortgagee/
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