Anti-flipping rule banned use of FHA loan within 90 days of seller’s purchase.
Banks have yet to implement FHA’s waiver of the anti-flipping rule.
Waiver should open up post-foreclosure homes to buyers who need an FHA loan.

Homebuyers who need a loan insured by the Federal Housing Administration, or FHA, may be able to buy a recent foreclosure [...]

Starting today home “Flippers” are now welcome at the FHA.  That’s right, with a glut of foreclosures plaguing the nation’s neighborhoods, the FHA is temporarily removing restrictions on investors who buy and sell homes within 90 days.
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