New FHFA Rules Impact Condo Loans & Owners
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Housing Finance Agency introduces new rules for condo associations, impacting reserves, insurance, and financing options. Stricter standards post-Surfside collapse may lead to higher dues, special assessments, and potential blacklisting. Roof insurance shift could lower premiums but leaves coverage gaps. Buyers advised to check condo approval status and dig into finances. Mortgage rates rise, but payments remain lower on many loans.
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