Why New Construction Condo Mortgage Guidelines Should Be Granted "Special Exceptions"

Fannie Mae's new mortgage guidelines rightfully scrutinize buyers and owners of condominiums. Since late-2007, mortgage markets have a new emphasis on collateral, or the value of the underlying property, and in a condo building, collateral can be wiped out for reasons beyond the borrower's control:...

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[Source: The Mortgage Reports Blog]