Tag Archive: special assessments


After Condo Collapse, Fannie Mae Toughens Loan Standards for Buildings with Significant Deferred Maintenance

After Condo Collapse, Fannie Mae Toughens Loan Standards for Buildings with Significant Deferred Maintenance

February 15th, 2022 by

As of January 1, 2022, potential homebuyers may be finding it tougher to finance the purchase of units in cooperatives and condominiums. In response to last June’s tragic Surfside, Florida condo collapse, mortgage giant Fannie Mae, a government-sponsored enterprise (GSE),...

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