CORRECTION: Original title indicated that waiver was for FHA repo sales only. That is NOT correct. Page 4 of the FHA Commissioner's waiver makes clear that waiver is for INVESTORS also, and property does NOT have to be a HUD repo.
Editorial Opinion: I'm not convinced that HUD/FHA will have sufficient controls in place to prevent windfall profits and additional losses to the FHA insurance fund. The 20% profit threshold for additional controls , and the weak controls themselves, may be insufficient to protect FHA.
HUD PR is HERE, includes link HERE to the document with actual FHA Commissioner waiver and associated restrictions/caveats.
Originally created and posted on the Oregon Housing Blog.
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