Tag Archives: FHA

FHA Extends ‘Anti-flipping Waiver’

Posted on February 14, 2011 by Creig Northrop

In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s ‘anti-flipping rule.’  The extension is intended to accelerate the … Continue reading →

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House Extends High Limits for Federal Loans

Posted on July 21, 2009 by Creig Northrop

The House Appropriations Committee approved an extension of the $729,750 loan limits for Fannie Mae, Freddie Mac, and Federal Housing Administration financing in high-cost areas through September 2010. Without this extension, the loan limits revert at the end of the … Continue reading →

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Monetizing the First Time Home Buyer Tax Credit to pay for closing costs

Posted on June 3, 2009 by Creig Northrop

The Federal Housing Administration had previously announced in early May that First Time Home Buyers would be able to use the (up to) $8,000 tax credit towards the down payment or closing costs of their new home purchase for FHA … Continue reading →

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