Agreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.

Furthermore none of the flipped properties will accept an fha loan because of seasoning.

So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.