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This rule proposes to revise HUD’s restrictions on re-sales at all time intervals for both forward and reverse mortgages to provide greater latitude in determining the appropriate tools and documentation requirements based on the individual transaction risk. HUD’s regulations include time restrictions on re-sales of properties eligible to be secured by FHA-insured mortgage financing. If the re-sale date of the property is 90 days or less following the date of acquisition by the seller, the property is not eligible for a mortgage insured by FHA. Prohibiting the use of FHA mortgage insurance for a re-sale within 90 days of acquisition adversely impacts the availability of affordable housing and does not align with other market participants approach to manage this risk with technology. In addition, HUD’s requirements for re-sales occurring between 90 and 180 days in all cases where re-sales exceed certain price change thresholds may result in unnecessary operational burden to industry participants. HUD has demonstrated the ability to successfully leverage new technology to manage property valuation and flipping risks through the implementation of a collateral risk assessment tools and targeted documentation requirements in its Home Equity Conversion Mortgage (HECM) program and seeks to update its requirements in recognition of such experience.