Real Estate News
.....Welcome to my Podcasts.....I help people buy and sell houses. I also share information, news, and topics about the real estate industry; how they may affect the metro Atlanta real estate market; pose problems and solutions; and address issues that may influence decisions to buy or sell… read more
New condo mortgage rules create barriers for borrowers
There are an estimated 175,000 condo associations in the U.S., according to the Community Associations Institute, making the property type an important part of the housing market. Those associations oversee millions of condo units – some are high-value penthouses, but many units serve as retirement homes, starter homes and investment properties.
Expect HUD to issue its own rules...in addition to cap on investment properties and delinquent condo fees.
Non-warrantable mortgages aren’t resold to Fannie and Freddie. Instead, they’re held in the portfolio of a lender, or sold to private investors.
Source: Bankrate article
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