Real estate blog entries tagged with hud changes flipping policy by Richard Smith FHA VA Rural Development in TN GA

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Home : Blogs : Richard Smith FHA VA Rural Development in TN GA : Richard's Real Estate Thoughts : Tag "hud changes flipping policy"

hud changes flipping policy: FHA suspends property flipping rule for foreclosed property - 06/16/08 08:39 PM

Several blogs and newspaper articles have announced a temporary suspension to the FHA flipping rule. The intent is not to bring back predatory investment house flippers, but to help lenders move their foreclosure inventory.
The first blog I read this in was http://www.activerain.com/blogsview/553519/We-Can-Flip-Bush .
I verified the change with these articles at CNNMoney.com and Zimbio Business .
FNMA, FHMLC, federally chartered banks and other government related lenders have always been able to obtain a waiver to the FHA flipping rule. Now other lenders will be able to sell their inventories with FHA financing.
Initial thoughts were that this will probably also bring on a new … (4 comments)

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