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In Surfside Aftermath, Freddie Mac Issues Temporary Condominium and Cooperative Project Requirements Resulting in Stricter Loan Regulations,           Florida Condominium and Co-Op Associations Immediately Impacted      

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...
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Fannie Mae’s Temporary Requirements In Response To The Champlain Tower Collapse Will Have A Negative Impact On Condo Sales

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. ...
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