Posts Tagged ‘condos’

Stuff I Found Interesting Today

There’s a lot of interesting things popping up today. Here’s a quick compendium of some that you might find worth pursuing. Barney Frank & Mark-To-Market Not content to just get rid of MTM and trust the banks to tell us the truth from now on, Congressman Frank now thinks it might be a good idea […]

Fannie Goes Back To Old Condo Underwriting Standards

Possibly driving a stake through the heart of an already moribund condo industry, Fannie Mae today severely tightened its lending criteria. From the WSJ: The government-backed mortgage-finance company stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have been sold, up from 51%. In addition, the company won’t back loans for […]