Fannie Mae’s Secret ‘Blacklist’ of Properties As Many as 1,700 Condos, Co-ops & HOAs May Be Affected

According to a recent investigative piece by the Orange County (Florida) Register, Fannie Mae is keeping a secret “blacklist” of condominium, HOA and cooperative properties which the federal agency has decreed that lenders should stay away from. Fannie Mae is a United States Government sponsored enterprise whose purpose is to expand the secondary mortgage market. According to the Register, Fannie Mae’s “blacklist” identifies 1,400 properties and growing. A more recent report indicated that the list has grown to 1,700 properties.   Read the article………………………..