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December 2021
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Hollywood, FL (December 29, 2021) – The Federal Home Loan Mortgage Corporation, better known as “Freddie Mac,” issued a  Bulletin 21-38 titled “Temporary Condominium and Cooperative Project Requirements and Topic 5600 Reorganization” on Thursday, December 15, 2021. Its stricter requirements, which go into effect February 28, 2022, concern certain real estate and community association properties...
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In the wake of the tragic collapse of the Champlain South Tower in Surfside, Florida, Fannie Mae has announced that it will no longer back mortgages of people trying to buy condominium and/or co-op units in certain buildings with aging infrastructure and significant deferred maintenance.  On October 13, 2021, Fannie Mae issued Temporary Requirements for...
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