By Special to the Miami Herald
Mortgage giants Fannie Mae and Freddie Mac recently issued significant updates to their condominium lending guidelines that will expand financial reviews to more properties and add flexibility to the insurance requirements. While some of the changes will create new complexities, others will provide relief for condominium communities seeking to comply in order for their units to qualify for conventional mortgages.
As the Miami Herald chronicled in an April 2025 article, the secretive condo blacklist from the government-sponsored entities more than doubled its number of South Florida condo communities during the prior two years. It further explained: “After the Surfside disaster, Fannie Mae began requiring condo associations to fill out extensive questionnaires detailing their finances and building conditions to submit to a bank or lender when a unit owner wants to sell to a buyer who is seeking financing.
Read more at: www.miamiherald.com
