Introduction In March 2026, Fannie Mae announced significant changes to underwriting guidelines that will directly affect how Michigan condominium associations are evaluated for conventional mortgage financing. (Download the new changes here.) These updates,...
Effective September 18, 2023, some updates were made to the eligibility criteria for condominium and cooperative projects by Fannie Mae and Freddie Mac. Known formally as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage...
Investors have long viewed attached condominium units as ideal rental properties since the condominium form of ownership often allows investors to enter the rental business without taking on many traditional landlord functions. That is, because condominium...