FHA No Flipping Rule: Reinstated in June 2015.

  The FHA rule prohibiting house “flipping” during the 90 days period after the home is acquired was reinstated in June 2015. http://bit.ly/2gNcPh3 Investors who use FHA guaranteed mortgages to acquire single family homes may not resell the property within the 90 day period, beginning on the day the deed was recorded. Beginning on the  91st […]

Consumer Finance Protection Bureau – Preview of New Home Lending Standards

As reported in the January 8, 2013 edition of The Wall Street Journal, the new federal Consumer Finance Protection Bureau is expected to issue new home-lending rules this week. The purpose of the new rules will be to prevent future real estate bubbles and outlaw the somewhat exotic loan products that some blame for the […]