FHA Eases Concentration, Other Condo Rules : Speaking of Real Estate

In an effort to give condo lending a boost, FHA yesterday released a mortgagee letter (2009-46 A) that lets lenders make loans to condo buyers even if it means 100 percent of the project units would have FHA financing. … That guidance has been widely praised for helping to bring clarity to implementation issues that have plagued the Home Valuation Code of Conduct (HVCC), the set of guidelines adopted by Fannie Mae and Freddie Mac earlier this year.

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FHA Eases Concentration, Other Condo Rules : Speaking of Real Estate

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