Since the tragic partial collapse of Champlain Towers South in Surfside, Fla., Fannie Mae and Freddie Mac underwriting requirements continue to frustrate condominiums and housing cooperatives. Condominium and housing cooperative buildings flagged as “ineligible” for financing by these government-sponsored enterprises face challenges in securing mortgage loans, putting home sales and the financial sustainability of the entire condominium at risk. Read the article……………………………. Download the PDF………………………….
Check your association:
Fannie Mae – Condo Project Manager™ (CPM™)