The integration of Condo Project Manager into Desktop Underwriter should allow lenders to quickly determine if a condo project is eligible for Fannie-backed mortgages.

Lenders have chafed at the temporary regulations put in place following the collapse of a Surfside, FL, condo in 2021, but those rules become permanent in September.

New guidelines for GSE condo and co-op lending requirements should be subject to public comment, trade groups argue.

Lenders, Realtors and community associations team up to fight restrictions put in place following the condo collapse in Surfside, FL.

Lenders argue the temporary measures adopted by Fannie and Freddie to promote condo safety unnecessarily raise costs for borrowers and present liability issues for HOAs and cooperatives.

The collapse of Champlain Towers South in Florida resulted in the GSEs issuing temporary guidelines tightening eligibility requirements for condo loans. Industry representatives have denounced the new rules as draconian.

Temporary rules attempt to address the issue of “significant deferred maintenance” in the nation's aging supply of condominium and cooperative homes.