What are the differences between Title I and Title II Mortgagee approvals?

A Title I Mortgagee may be approved to originate, underwrite, close, endorse, service, purchase, hold, or sell loans under the Property Improvement program and/or the Manufactured Housing program.

A Title II Mortgagee may be approved to originate, underwrite, close, endorse, service, purchase, hold, or sell FHA Single Family insured Mortgages such as 203(b), 203(k), 234(c), HECMs or multifamily Mortgages.

For descriptions of the various Title II Single Family and Title I loan programs go to http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/ins.

Handbook 4000.1 I.A.1 is available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh.