In March of this year, Fannie Mae and Freddie Mac unveiled a major change to condominium lending, financial and insurance standards aimed at improving the way condos are bought, sold and managed. These updated rules change the criteria for prospective condo buyers to obtain conventional financing through Fannie and Freddie, which has ripple effects across […]

Key insight: The housing package aims to cut red tape for housing construction, especially manufactured housing.  What’s at stake: The bill also includes a handful of closely watched community bank riders, including measures related to reciprocal and custodial deposits.  Forward look: President Donald Trump is expected to sign the bill without delay.  WASHINGTON — A

Overnight on June 24, 2021, the Champlain Towers South building located in Surfside, Florida, partially collapsed, killing 98 people. Processing Content As a result, states enacted legislation to increase safety requirements around condominiums and the mortgage secondary market imposed tighter underwriting rules. Five years later, some say those rules have gone too far and are