FHA Reforms Bringing New Risks as Well as Rewards

Now that President Obama has signed Federal Housing Administration condominium reforms into law, it is time to make a clear-eyed assessment of the risks and rewards that HR 3700 will bring.  It’s great that Congress has acted to ease regulations that made FHA condo loans more difficult to get. But are the proposed rules being discussed during the current comment period the best way to do this? There might still be opportunities for adjustments to provide greater insight into these risks and to standardize project approval from lender to lender and across various government agencies.   Read the article……………


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