With the turning of the calendar from 2021 to 2022 new Fannie Mae lending guidelines become effective on January 1, 2022. One of the new lending guidelines includes a prohibition on the purchase of loans in communities with significant deferred maintenance or unsafe conditions. These new guidelines are a direct result of the Surfside tragedy in Florida, which put a spotlight on aging condominium and co-op communities. Read the entire article……………………………….
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