Per Mortgagee Letter 2018-06, for all Home Equity Conversion Mortgages (HECMs) with FHA case numbers assigned on or after October 1, 2018, additional valuation protocols required for re-sales occurring between 91 and 180 days following acquisition are superseded. The 90-day prohibition remains in place. Property flipping HECM cases are subject to FHA’s collateral risk assessment.
HQ Policy Determination
For additional information see Mortgagee Letter 2018-06 and 2019-16 available at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee