[Code of Federal Regulations] [Title 24, Volume 2] [Revised as of April 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 24CFR203.34] [Page 163] TITLE 24--HOUSING AND URBAN DEVELOPMENT CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PART 203_SINGLE FAMILY MORTGAGE INSURANCE--Table of Contents Subpart A_Eligibility Requirements and Underwriting Procedures Sec. 203.34 Credit standing. A mortgagor must have a general credit standing satisfactory to the Commissioner.