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 | Dec 6, 2023 | Federal Advocacy, Freddie Mac, Housing Finance
Finally, a win for CAI and for access to lending for some of the nation’s most affordable housing options – condominium units. Freddie Mac announced today they are taking a step towards transparency by creating eligibility statuses and expanding access to information...
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...
