Freddie Mac Provides Condo Associations Access to Loan Eligibility Status

While Fannie Mae and Freddie Mac have developed lists of condo associations that are ineligible for participation in their mortgage programs, the challenge for associations begins with their inability to learn from the government-sponsored entities whether their communities are on the lists. In response to widespread calls to provide associations with access to the information on their current status, Freddie Mac recently provided association representatives with access to the data on whether their community has been deemed ineligible by the mortgage industry giant.   Read the article…………………………….