Tag: Fannie Mae
Fannie Mae revises condo guidelines
Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos
Condo investors…an endangered species?
New mortgage fees and restrictions may hinder investment condo opportunities.
New mortgage fee for condo purchases
Condo loans may get a little more expensive with a new Fannie Mae fee that’ll go into effect as of April 1st.
