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FHA 90 day flipping rule temporarily lifted

Profile picture for SunTrust

1st February 2010; one year lifting of the 90 day flipping rule. see HUD press release:

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-011

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January 15 2010 - US
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Answers (2)

Profile picture for Superior HM Mortgage
What is the over/under on lender overlays that we are gonig to see?  I did not see anything regarding the need for a second appraisal.  I am not sure if it is just lenders that I deal with but I am pretty sure that a second one is required on the 90-180 day window. 
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Profile picture for 203K Specialist
Great news..
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January 15 2010
 

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