(B) Is a Housing Finance Agency, as defined in 24 CFR 266.5; or
(C) Is really an entity that is nonprofit solutions 5,000 or less home mortgages, including any home loans serviced with respect to associated nonprofit entities, for several of that the servicer or an associated nonprofit entity could be the creditor. For purposes with this paragraph (age)(4)(ii)(C), listed here definitions use:
(1) The expression “nonprofit entity” means an entity having a taxation exemption ruling or dedication page through the irs under section 501(c)(3) of this Internal income Code of 1986 (26 U.S.C. 501(c)(3); 26 CFR 1.501(c)(3)-1), and;
(2) The expression “associated nonprofit entities” means nonprofit entities that by agreement operate making use of a typical title, trademark, or servicemark to help and help a standard charitable objective or function.
(iii) Small servicer determination. In determining whether a servicer satisfies paragraph (age)(4)(ii)(A) of the part, the servicer is assessed in line with the home loans serviced by the servicer and any affiliates at the time of January 1 and also for the rest of this twelve months. In determining whether a servicer satisfies paragraph (age)(4)(ii)(C) of the area, the servicer is evaluated in line with the home mortgages serviced by the servicer at the time of January 1 and also for the rest associated with twelve months. Continue reading “(A) solutions, along with any affiliates, 5,000 or less home loans, for many of that the servicer (or a joint venture partner) may be the creditor or assignee;”