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Fannie Mae makes condo repair guidelines permanent
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Consumer Protection
Tuesday, August 15, 2023
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Following the collapse of a condominium tower in Surfside, Fla., that left nearly 100 people dead, Fannie Mae introduced temporary requirements aimed at protecting borrowers from physically unsafe condo and co-op projects.
In its most recent Selling Guide Announcement, the government-sponsored enterprise made many of those provisions permanent.
Read on to learn what provisions have been updated.
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