Section 28.6 - Criteria for Approving Participating Mortgage Lenders(a) To be approved by the Department for participation in the program, a Mortgage Lender must meet the requirements in the Participation Packet to be a qualified Mortgage Lender as specified by: (4) be a lender currently participating in the conventional home lending market for loans originated in accordance with Fannie Mae's and/or Freddie Mac's requirements.(b) As a condition for participation in the Program, a qualified Mortgage Lender must:(1) agree to originate Mortgage Loans and assign those loans and related Mortgages and servicing to the Department's master servicer;(2) originate, process, underwrite, close and fund originated loans; and(3) be an approved Mortgage Lender with the Program's master servicer.10 Tex. Admin. Code § 28.6
The provisions of this §28.6 adopted to be effective October 30, 2012, 37 TexReg 8504; Adopted by Texas Register, Volume 45, Number 05, January 31, 2020, TexReg 747, eff. 2/5/2020; Adopted by Texas Register, Volume 47, Number 08, February 25, 2022, TexReg 0907, eff. 3/3/2022