(1) purchasing one- to four-family dwellings (including condominiums and cooperatives) which are subject to a loan in default at time of purchase or in default within one year subsequent to the purchase and the loan is secured by a mortgage or deed of trust insured or held by the Secretary of Housing and Urban Development or guaranteed by the Department of Veterans Affairs, or the loan is made by the Department of Veterans Affairs,
(2) failing to make payments under the mortgage or deed of trust as the payments become due, regardless of whether the purchaser is obligated on the loan, and
(3) applying or authorizing the application of rents from such dwellings for his own use,
Structure US Code
SUBCHAPTER II— MORTGAGE INSURANCE
§ 1708. Federal Housing Administration operations
§ 1709. Insurance of mortgages
§ 1709–1. Repealed. [title IV, § 404(a)], ,
§ 1709–2. Equity skimming; penalty; persons liable; one dwelling exemption
§ 1709a. Determination of loan-to-value ratios
§ 1711. General Surplus and Participating Reserve Accounts
§ 1712a. Indexing of FHA multifamily housing loan limits
§ 1713. Rental housing insurance
§ 1715. Statistical and economic surveys
§ 1715b. Rules and regulations
§ 1715d. Insurance of mortgages on property in Alaska, Guam, Hawaii, and Virgin Islands
§ 1715e. Cooperative housing insurance
§ 1715f. Process of applications and issuance of commitments
§ 1715g. Insurance of mortgage where mortgagor is not occupant of property
§ 1715k. Rehabilitation and neighborhood conservation housing insurance
§ 1715l. Housing for moderate income and displaced families
§ 1715n. Miscellaneous mortgage insurance
§ 1715o. Interest rate on debentures; method of establishment
§ 1715q. Delivery of statement of appraisal or estimates to home buyers
§ 1715r. Requirement of builder’s cost certification; definitions
§ 1715s. Treatment of mortgages covering tax credit projects
§ 1715t. Voluntary termination of insurance
§ 1715u. Authority to assist mortgagors in default
§ 1715v. Insurance of mortgages for housing for elderly persons
§ 1715x. Experimental housing insurance
§ 1715y. Mortgage insurance for condominiums
§ 1715z. Homeownership or membership in cooperative association for lower income families
§ 1715z–1. Rental and cooperative housing for lower income families
§ 1715z–1a. Assistance for troubled multifamily housing projects
§ 1715z–1b. Tenant participation in multifamily housing projects
§ 1715z–1c. Regulation of rents in insured projects
§ 1715z–3. Special Risk Insurance Fund
§ 1715z–5. Purchase of fee simple title from lessors
§ 1715z–6. Supplemental loans for multifamily projects
§ 1715z–7. Mortgage insurance for hospitals
§ 1715z–8. Mortgage assistance payments for middle-income families
§ 1715z–9. Co-insurance of eligible mortgage, advance, or loan
§ 1715z–11a. Disposition of HUD-owned properties
§ 1715z–12. Single-family mortgage insurance on Hawaiian home lands
§ 1715z–13. Single family mortgage insurance on Indian reservations
§ 1715z–13a. Loan guarantees for Indian housing
§ 1715z–13b. Loan guarantees for Native Hawaiian housing
§ 1715z–14. Risk-sharing demonstration
§ 1715z–15. Limitation on prepayment of mortgages on multifamily rental housing
§ 1715z–16. Adjustable rate single family mortgages
§ 1715z–17. Shared appreciation mortgages for single family housing
§ 1715z–18. Shared appreciation mortgages for multifamily housing
§ 1715z–19. Equity skimming penalty
§ 1715z–20. Insurance of home equity conversion mortgages for elderly homeowners
§ 1715z–21. Delegation of insuring authority to direct endorsement mortgagees
§ 1715z–22. Multifamily mortgage credit programs
§ 1715z–23. HOPE for Homeowners Program
§ 1715z–24. Pilot program for automated process for borrowers without sufficient credit history
§ 1715z–25. Mortgage modification data collecting and reporting