Three housing organizations sent a letter this week to leaders at Fannie Mae, Freddie Mac and their regulator, the Federal Housing Finance Agency (FHFA), regarding pending changes to condominium lending rules through the government-sponsored enterprises (GSEs).
On July 8, the Community Home Lenders of America (CHLA), the Community Associations Institute (CAI) and the National Association of Mortgage Brokers (NAMB) told federal housing officials that they have “significant concerns” about affordability, access and inventory as they relate to the GSEs’ condo policy changes announced in March.
The letter, dated July 8, was addressed to FHFA Director Bill Pulte, Fannie details ⇒
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