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a. Standard (09/14/2015)
The Mortgagee must satisfy all outstanding payable indemnification debts and Mortgage Insurance Premiums (MIP) and transfer the servicing and ownership of any FHA-insured Mortgages in its portfolio to an FHA-approved Mortgagee prior to its request being approved, and the Mortgagee will remain obligated on any outstanding indemnification agreements.
FHA will not honor a Mortgagee’s request to withdraw while there is a pending administrative action or MRB action, or while the Mortgagee has unpaid indemnification claims or unsatisfied settlement agreement obligations owed to HUD.