Sec. 231. Office of Underwriting
100 words·~1 min read·
/bill/113/s/1217/rs/section-231·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established within the Federal Mortgage Insurance Corporation an Office of Underwriting which shall be headed by the Deputy Director of Underwriting, who shall be appointed by the Board of Directors. The Office of Underwriting shall ensure, through oversight, analysis, and examination, that eligible mortgages that collateralize a covered security insured under this Act comply with the requirements of this Act, including with respect to— the submission of complete and accurate loan data on eligible mortgages; the identification of ineligible mortgage loans; assisting lenders with originating high-quality, lower-risk eligible mortgages; and any other activity that the Director determines appropriate.