New Law Makes Changes to FHA Condominium Approval Process
Unless a condominium association is certified by FHA, lenders may not offer borrowers FHA-insured mortgages. In 2009, FHA implemented a number of changes to the agency’s condominium approval requirements. As a result, the number of FHA-approved condominium associations has plummeted. In July 2016, President Obama signed into law H.R. 3700, the “Housing Opportunity through Modernization Act of 2016,” which will allow more condominium associations to become FHA certified. However, the real test is the pending release of FHA’s updated condominium regulations. Read the article………….
A bill that would make it possible for more condo buyers to get financing through the Federal Housing Administration (FHA)
A city-imposed deadline to remove unlawful space heaters from a Lakewood condominium building has come and gone. Now, a month