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Condominiums gaining ground in US mortgage market – Fannie Mae
22 Feb 2024 19:41 GMT
When comparing data from 2020, there was a noticeable shift towards utilizing homeowners’ associations’ (HOA) questionnaires and lender project approval lists as key information sources for condo underwriting.
As for risk factors, HOA financial instability …
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes
08 Feb 2024 00:36 GMT
… data appraisal waivers to condominiums, cash-out refinance allowances … a data standard for condos, according to the Selling … required to confirm the condo project is not ineligible … are […] not acceptable.”
And Fannie Mae clarified the “minimum required …
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Hunter Creek Phase II ‘unavailable’ to Fannie Mae and Freddie Mac financing
19 Jan 2024 06:34 GMT
… Fannie Mae through the tool.
The CPM page for a Hunter Creek Condominiums … ;” a Fannie Mae spokesperson wrote in an email. “Fannie Mae only discloses our condo project …
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Condo sales fell in Florida because of rising insurance and HOA fees, report says
28 Feb 2024 13:38 GMT
… costs to own a condominium in Florida are driving … “multiplying for many condo buildings.”
“Condos that used to have … it added.
Fannie Mae maintains a blacklist of condo properties it will … mortgage broker who specializes in condos, pushed back against the …
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Fannie Mae expands use of AOLs in selling guide update
14 Dec 2023 18:22 GMT
… by a unit in a condo project, co-op share loans … by a unit in a condo project” and “loans secured … restrictive agreements or restrictive covenants.”
Fannie Mae first announced that it would … for consumers,” Tomb wrote.
Fannie Mae did not return a request …
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Fannie Mae and Freddie Mac to share why some condos are ineligible for loans
12 Dec 2023 22:16 GMT
Federal loan guarantor Fannie Mae will make its secret “blacklist” of condos it will … not finance available to condo associations and … /resources/fannie-mae-blacklist/ — where condominiums and unit owners can …
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amcondolaw.com/resources/fannie-mae-blacklist/
12 Dec 2023 23:09 GMT
… for owners in these Blacklisted condominiums to either sell or refinance … has obtained a copy of Fannie Mae’s Blacklist. As of May … Blacklist identifies about 1,700 condominiums or HOAs by name, … the board of a condo, manage a condominium or are interested in …
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Fannie Mae to make its secret condo blacklist public
07 Dec 2023 20:56 GMT
… Association condominium blacklist, the mortgage purchasing giant also known as “Fannie Mae” announced … Thursday that it will make its secret “Condo Unavailable … :
• Fannie Mae will implement a web-based tool later in 2024 for condo …
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Fannie Mae doesn’t want to talk about its condo loan blacklist. That makes no sense.
03 Nov 2023 14:32 GMT
… tightly held list of condominium properties where it won … a list prepared by Fannie Mae.”
Fannie Mae flagged Lafayette Lofts for … in south Florida, Fannie Mae changed its eligibility requirements … with condo buyers. The number of properties on Fannie Mae’s …
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Fannie Mae keeps a secret condo blacklist. Why?
01 Nov 2023 15:30 GMT
… as Fannie Mae, maintains a secret — and growing — nationwide blacklist of condominium properties … grows after Surfside tragedy
Fannie Mae’s August “Condo Unavailable Projects & … list public. When Fannie Mae adds a condo development to the list …