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Condos and HOAs

Condo lenders push back on Fannie, Freddie rule changes

Condos and HOAs, Mortgages, Politics and policy, Secondary markets /

The mortgage industry has generally supported Fannie Mae and Freddie Mac’s more flexible roof insurance requirements for all single-family mortgages, but some condo market stakeholders have questioned certain other changes announced alongside it. Processing Content First flagged by a community lenders group shortly after the insurance rule-change came out, there have been a growing number […]

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Pulte got the condo insurance call right

Condos and HOAs, Homeowners insurance, Originations, Politics and policy /

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Last week, Federal Housing Finance Agency Director Bill Pulte announced that the GSEs were rolling back roof insurance requirements for condo buildings to allow them to purchase actual cash value (ACV) policies instead

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FHFA loosens insurance rules targeting condos, rural loans

Condos and HOAs, FHFA, Homeowners insurance, Mortgages, Secondary markets, Servicing /

The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be

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Housing organizations call for condo loan flexibility

Housing organizations call for condo loan flexibility

Condos and HOAs, Housing markets, Politics and policy /

President Donald Trump has been considering declaring a National Housing Emergency over the past few weeks, and some housing organizations are putting in requests for items to be included. The Community Home Lenders of America and the Community Associations Institute jointly asked the administration Wednesday to allow the Federal Housing Administration to insure loans on

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Condo prices drop year over year, led by Florida declines

Condos and HOAs, Originations, Politics and policy /

It’s a tough time to be a condo owner, particularly in Florida, and most especially if you’re trying to sell. That’s the upshot of a new report from Redfin. Condo prices dropped 2.2% year-over-year in May. That’s the second-sharpest decline since the brokerage began tracking condo data in 2012. While the broader housing market has

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Condo rules need reform to keep homes affordable

Condos and HOAs, Housing affordability, Originations /

Enjoy complimentary access to top ideas and insights — selected by our editors. Condominiums have historically been our most affordable site-built homeownership option. However, escalating insurance costs, concerns about the structural integrity of condos, and more stringent underwriting requirements threaten to undermine the advantages of this critical home purchase option. Is there a way forward that

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Florida eases costs for condo owners post-Surfside

Condos and HOAs, Florida, Politics and policy /

Florida enacted legislation this week that will provide various forms of relief for condominium unit owners and community associations from the financial impact of regulations introduced after the 2021 building collapse in Surfside. Governor Ron DeSantis signed new laws on Monday and noted the legislation came from feedback provided by condo residents and communities in

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Lenders get a better view of condo blacklist but want more

Condos and HOAs, Secondary markets, Underwriting /

Four years after a notorious condominium collapse that suddenly tightened home lending standards, influential government-sponsored enterprises have soothed some industry tensions, but lenders say there’s still more to be done. “Increased transparency regarding which condo projects are and are not on Fannie and Freddie’s approved list has been a big CHLA priority — so we

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Nonwarrantable condos fuel niche lending boom

Condos and HOAs, Housing markets, LOAN PRODUCTS, MARKETING TO BORROWERS /

In the four years since the Surfside condo collapse, a wave of regulatory changes continues to unsettle property owners and lenders, compounding challenges in an already fragile housing market. The scrutiny on condo developments in the aftermath of Surfside led to tightened lending rules that continue to put properties across the country onto a nonwarrantable

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Condos losing appeal among real estate investors

Condos and HOAs, Housing markets, MARKETING TO BORROWERS, Originations, Real estate investments /

While real estate investment purchases are falling into more stable patterns following wild pandemic-era swings, condo activity is lagging, falling to a 10-year low, according to Redfin. U.S. investors bought a total of 46,726 units in the first quarter, up 2% year over year, the real estate brokerage reported. Early 2025 activity recovered from the

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