direct endorsement

direct endorsement

A mechanism that allows HUD-approved lending institutions to approve FHA mortgage insurance themselves, without having to submit paperwork to HUD and wait for approvals.
References in periodicals archive ?
Department of Housing and Urban Development's (HUD) Direct Endorsement Program to underwrite and close FHA loans without prior HUD review.
New American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender.
He said: This cutting edge technology company locating to Crawley is a direct endorsement of our positive business environment and is hugely significant for our town, its growing economy and employment.
Modi sahib ka takdir mein jo hain, who unko milega ," ( whatever is there in Modi's destiny, he will get it) Khan said, avoiding a direct endorsement for his prime ministerial ambition.
25 billion worth of upcoming projects is a direct endorsement of the potential, that the city still has to offer to residential property buyers," said Moafaq Al Gaddah, Chairman, MAG Group.
25 billion worth of upcoming projects is a direct endorsement of the potential that the city still has to offer to residential property buyers," said Moafaq Al Gaddah, chairman, MAG Group.
Winning this award is a direct endorsement by our customers of our continuous drive and focus on delivering the highest levels of service," said Ram Menen, Emirates divisional senior vice-president for cargo.
The magazine's editor stated that such awards are a direct endorsement of the products and services of vendors and their efforts.
Though the official church stance is to encourage Catholics to sign an online petition against gay marriage--led by the former Archbishop of Canterbury, Lord Carey--the Catholic church in England has stopped short of direct endorsement of or participation in the campaign.
The suit charged the lending subsidiary and the parent with "approximately a decade of misconduct in connection with MORTGAGEIT's participation in the Federal Housing Administration's (FHA's) Direct Endorsement Lender Program.
Lagarde's comments on the yuan as a reserve currency were the most direct endorsement to date by an IMF official of China's ambitions for its currency.
A well-informed and reasonable nonadherent would see the proposed transfer as a direct endorsement of a particular religion over other religions and non-believers," Miller ruled.