Investing Mortgagee [HUD] Law and Legal Definition

Pursuant to 24 CFR 204.251 (h) [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; 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 204 Coinsurance; Subpart B Contract Rights and Obligations], the term Investing Mortgagee means “a lender approved by the Commissioner pursuant to §§ 203.1 through 203.6 of this chapter to which the coinsured mortgage has been sold, assigned or transferred and which has not assumed responsibility for the originating mortgagee's liability under the coinsurance contract, except as provided in § 204.5.”