Condominium blacklists: Secretive lending questionnaires impacting affordable housing
Ungrated
MAY 2, 2023
Updated lending questionnaires introduced last year by Fannie Mae and Freddie Mac have restricted access to mortgages and created condominium blacklists, impacting thousands of affordable housing units in the U.S. CAI is urging immediate adjustments. The Orange County Register reports Fannie Mae and Freddie Mac are compiling troubling lists that prohibit mortgage financing for entire condominium or housing cooperative buildings.
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