FHA Sets Aside Own IG’s Concerns, Suspends Anti-Flipping Measures
June 1, 2010
The Federal Housing Administration is seeking comment on a recent decision to waive its anti-flipping protections for one year in order to facilitate a quicker turnaround for foreclosed and vacant properties. In a notice published in the May 21 Federal Register, the FHA said the goal of the anti-flipping waiver is to get fixer-upper specialists interested in acquiring and...