New Fannie Mae & Freddie Mac Lending Requirements
Lender financing in Condominium and Co-operative buildings of 5+ attached units is changing effective January 1, 2022. This is in response to the tragic collapse of Florida’s Champlain Towers in June 2021. Fannie Mae and Freddie Mac recently release the lending questionnaires associated with their new lending requirements.
This board training webinar was moderated by Andy Gittleman, Executive Vice President, FirstService Residential who discussed our recommended solution for affected buildings. He was joined by lending expert JJ Ellingson, Mortgage Loan Originator with Luminate Home Loans and legal expert Nancy Polomis, Attorney with Hellmuth & Johnson, PLLC who provided guidance on the implications of the new lending questionnaire.
Watch the recording today!