NAR Letter to FHA Commissioner Re Condo-Flip Rule-Assumption

Issue Date: October 04, 2023

NAR sent a letter to Julia R. Gordon, Assistant Secretary for Housing and the Federal Housing Commissioner, asking the Federal Housing Administration to consider policy solutions that will increase opportunities for buyers and sellers with FHA-insured mortgages, such as updating FHA’s 90 Day Anti-Flipping Rule; easing condo requirements, and increasing allowable fees to facilitate assumptions.