The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing.

“We think our AVM, our valuation technology, has improved significantly since that rule was put in place a couple decades ago,” Jones said. “We’d like to take a look at getting rid of that in its entirety. Obviously, that’s a rulemaking process, so it takes a fair runway to get there, but we think that’ll be very positive for housing supply if we can get there.”

Jones, details ⇒

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