FANNIE MAE AND FREDDIE MAC RELEASE LENDER BULLETINS

Following the building collapse in Surfside, Florida the lending industry adopted temporary requirements with increased focus by lenders on the structural safety of buildings and systems.  As we anticipated, the temporary requirements appear to be on their way to becoming permanent.

The bulletins don’t change the joint condominium questionnaire that many mortgage lenders use to acquire information about a community but do update and clarify the previous guidance.

We will continue to monitor this issue and notify our clients of any material developments.

Click here for CAI highlights of the bulletins.

Contact Justin Magsarili with any questions or concerns regarding Fannie Mae and Freddie Mac updates.