QUALIFIED MORTGAGEE

What is QUALIFIED MORTGAGEE?

QUALIFIED MORTGAGEE meaning in Urban terms is An entity approved by the HUD Secretary that is capable of servicing, as well as originating, FHA-insured mortgages, and is not suspended or debarred by the Secretary, is not suspended or on probation imposed by HUD’s Mortgagee Review Board, and is not in default under any Government National Mortgage Association obligation.

 

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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