Real Estate & Home

The GSEs updated their rules for condo loans. Will they be helpful or harmful?

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Fannie Mae and Freddie Mac have updated their rules for condominium loans, aiming to reduce costs while increasing financial requirements for condo associations. These changes include stricter reserve funding thresholds and the elimination of streamlined review options, which may raise origination costs and make it harder for some projects to qualify for conventional financing, potentially pushing borrowers towards non-QM loans.

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