What type of loan did you have on the home that was foreclosed on? If it was an FHA mortgage then FHA is giving you the date you're eligible for a new FHA loan based on when they paid the claim like Gregorio already stated.
In a year or two, there are going to be bunch of potential buyers who haven't served their sentence, and the Banks will need qualified customers.
That's called an incentive!
They will find a way around it.