FHA Condo Certification Rule Awaits Review by Trump Administration
The Federal Housing Administration (FHA) recently issued its long-awaited proposed rule regarding standards for condominiums in which individual unit owners are eligible to obtain FHA-insured loans. However, final action awaits review by new housing agency officials in the Trump Administration. Mortgages backed by the FHA allow borrowers to make a lower down payment and have less stringent financial qualification criteria than conventional mortgages. Of the estimated 150,000 condominium nationwide, fewer than 10,000 are certified for FHA-insured loans. Read the article…………..
Forgive Evan McKenzie for feeling a sense of deja vu. He has seen homeowners association scandals such as the one
New Jersey Superior Court Judge Stuart Minkowitz has denied a request from the Franklin Meadows Condominium Association that would require
Can enforcement of a rule, regulation, practice or procedure that is completely neutral on its face create liability for discrimination?