HUD Handbook 4000.1 I.A.11.a: Definitions

Document
HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook
Section date
Version in Zeitro Strata
Where
page 99 of 1872

Page 99

a. Definitions (01/31/2026)

Declaration of Trust refers to the agreement(s) describing the beneficial ownership of certain assets and how such assets are to be distributed to the trust beneficiaries.

Sale of a Beneficial Interest refers to the arrangement governing the Mortgagee’s sale of a beneficial interest in a group of Mortgages, where the interest to be acquired is related to all the Mortgages as an entirety, rather than an interest in a specific Mortgage.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.