Fannie Mae Tightens Requirements on Condo, Co-op Mortgages
Beginning Jan. 1, 2022, Fannie Mae will implement tougher requirements related to aging infrastructure and deferred maintenance on mortgages for attached condo and co-op communities. The updated requirements are temporary, but no end date has yet been established. “Associations, boards, and managers really need to be cognizant of these new requirements, especially when you think…
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