by Dawn Bauman, CAE | Apr 19, 2024 | Fannie Mae, Freddie Mac
Freddie Mac opened access to the list of condominium and housing projects it categorized as “not eligible status.” Condominiums and housing cooperatives may be placed in this category due to potential noncompliance with lending guidelines. Access is restricted to an...
by Dawn Bauman, CAE | Sep 1, 2023 | Fannie Mae, Freddie Mac
In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. A project refers to a condominium, housing cooperative, or any multi-family common interest ownership association with more than five...
by Dawn Bauman, CAE | Jul 20, 2023 | Fannie Mae, Freddie Mac
Within the past few weeks, both Fannie Mae and Freddie Mac released lender bulletins as a step toward making temporary requirements permanent. The temporary requirements addressed issues of structural safety in condominium and housing cooperative buildings in response...
by Dawn Bauman, CAE, Phoebe E. Neseth, Esq. | May 9, 2023 | Fannie Mae, Freddie Mac
Updated lending questionnaires introduced last year by Fannie Mae and Freddie Mac have resulted in restricted access to mortgages and created condominium building “blacklists,” impacting thousands of affordable housing units in the U.S., according to Community...
by Dawn Bauman, CAE | Mar 30, 2023 | Fannie Mae, Federal Advocacy, FEMA, HAM Radio, Home Act
The first quarter of 2023 brought a new Congress, a new Speaker of the House, Kevin McCarthy (R-Calif.), a Republican majority in the House, and a Democratic majority in the Senate. CAI’s advocacy team, including the incredible team from Cornerstone Government...
by Dawn Bauman, CAE | Apr 14, 2022 | Fannie Mae, Other
Updated lending questionnaires from Fannie Mae and Freddie Mac with new project requirements for condominiums and housing cooperatives to ensure structural safety have caught community association boards, managers, and business partners by surprise, as we reported in...
