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Tag: FHA Policy

Changes to FHA loans are two weeks away

Posted on March 15, 2012 by Cindy Marlowe in Blog, In The News

You may have heard the news about FHA changing some policies on their loans effective April first. Directly from the HUD announcement, the changes are as follows: The Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the annual MIP (monthly charge) it collects by 0.10 percent. This change is effective for [...]

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Good News for Investors: FHA has Extended the 90 Day Flip Waiver

Posted on February 16, 2011 by Cindy Marlowe in Blog

In 2003 the Department of Housing and Urban Development issued a rule that stopped FHA from insuring mortgages on houses that were owned by a seller less than 90 days.  This came into place to stop houses from being flipped. Flipping is the process of buying a home and then selling a home quickly at [...]

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