Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets. Originally from Community Associations Network National
With many lenders already casting a wary eye on condo loans because of their default rate, Fannie Mae has upped the ante by adding a fee of .75 percent of the loan amount of a 30-year fixed mortgage, for borrowers who put down 25 percent of the purchase price or less, effective April 1. Originally [...]
New rules from Fannie Mae that tighten lending requirements for condo buyers could give buyers a new way to walk away from their contracts – and recoup their deposits. Already, condo developers have seen a higher rate of buyers foregoing deposits or suing to get their earnest money back. Originally from Community Associations Network National
Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets. Originally from Community Associations Network National
With many lenders already casting a wary eye on condo loans because of their default rate, Fannie Mae has upped the ante by adding a fee of .75 percent of the loan amount of a 30-year fixed mortgage, for borrowers who put down 25 percent of the purchase price or less, effective April 1. Originally [...]
New rules from Fannie Mae that tighten lending requirements for condo buyers could give buyers a new way to walk away from their contracts – and recoup their deposits. Already, condo developers have seen a higher rate of buyers foregoing deposits or suing to get their earnest money back. Originally from National Community Associations News
Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets. Originally from National Community Associations News
Fannie Mae announced a new program on Thursday that could boost condo sales in Florida. The mortgage finance company is in the process of reviewing hundreds of condo projects, which are currently ineligible for its mortgage-backed loans. Buildings deemed stable after the review process will be granted special approval to last up to 18 months. [...]
Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets. Originally from National Community Associations News
Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets. Originally from National Community Associations News
