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New Fannie Mae Temporary Requirements for Condo and Co-Op Projects – What Do Illinois Condominium Associations and Co-Ops Need To Know?

/ Owner - January 21, 2022

In the wake of the tragic condominium building collapse in Surfside, Florida, Fannie Mae issued new temporary eligibility guidelines for loans insured by Fannie Mae for condominium units or co-op apartments which are effective as of January 1, 2022. Condominium associations and co-ops can expect to receive requests from lenders for this information in the coming weeks and months in connection with unit sales and re-financings.   Read the entire article……………………………….

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