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Fannie Mae Tightens Rules for Lenders in Wake of Condo Collapse

/ Owner - November 11, 2021

The fallout keeps coming from last summer’s condominium collapse in Surfside, Florida. In the latest development, Fannie Mae, the federally backed mortgage giant, has announced that it will no longer guarantee mortgages in co-ops or condominiums that have levied an assessment to pay for deferred maintenance that affects the structural integrity of the building.    Read the entire article……………………………….

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