At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
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New Rules to Protect Consumers From Unsafe Condos
In response to mounting concerns about aging condos after the Champlain Towers South collapse in Surfside, Florida, Fannie Mae has instituted new rules about deferred maintenance before they will take on the loan.
Read More »FHA Announces New Financing Policies for Condos
The Federal Housing Administration (FHA) announced on Wednesday new regulations and policies for the condominium approval process, aimed to help affordability for first-time buyers. New rules and the ...
Read More »What Drives Mortgage App Defect Risks?
A recent report has found substantial differences in loan application defect risks across different regions. Click through to learn more about the conditions that can impact this risk.
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