Washington Report: FHA’s flip waiver nears its end
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The "Anti-Flipping Rule" was enacted in 2003 and was aimed at curbing what the FHA called "Property Flipping," in which "a property recently acquired is resold for a considerable profit with an artificially inflated value, often as the result of a lender’s collusion with an appraiser." (Source: FederalRegister.gov)
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FHA’s house-flip waiver nears its end. Oct 17, Paul Skeens, president of Colonial Mortgage in Waldorf, Md., and an active rehab investor in the suburbs outside Washington, D.C., said the.
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While HUD continues its efforts to help homeowners remain in their homes, through the waiver of its regulation on property flipping, HUD seeks to help stabilize neighborhoods and communities. HUD first granted temporary waiver of its regulation on anti-property flipping through notice published in the Federal Register on May 21, 2010, at 75 FR.
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Sound Credit Union acquiring Bank of Washington in historic deal Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue Calabria to Congress: Fannie, Freddie reform is urgent, critical and overdue june 14, 2019 RSS FEED No comments mark calabria only recently took over as director of the Federal Housing Finance Agency , but his strong views on the need to end the government’s conservatorship over Fannie Mae and Freddie Mac have long been known.Credit unions in the United States serve 100 million members, comprising 43.7% of the. St. Mary's Bank of Manchester, New Hampshire holds the distinction as the first. Pierre Jay, a central banker and Edward Filene, a Bostonian merchant and. A museum on the history of credit unions, America's credit union museum,