The Department of Housing and Urban Development (HUD) has issued revisions to its condominium lending rules, effective Oct. 15. In 2009 HUD began predicating FHA condominium loans on the entire project being approved by meeting certain minimum guidelines. HUD slightly liberalized its rules in 2012, which were modified again by Congress in 2018 through the enacted H.R. 3700. Read the article……………………….
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