Kipcon Engineering

Kipcon Engineering

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New Lender Requirements for Condiminium and Cooperative Projects 02/02/2022

In response to the collapse of the Champlain Towers South condominium in FL last year, Freddie Mac and Fannie Mae have issued additional lender requirements designed to prevent future tragedies by addressing deferred maintenance, structural integrity, special assessments and reserves.

What do these new requirements mean for your community? Click the link below for more information.

New Lender Requirements for Condiminium and Cooperative Projects New lender requirements have been issued in order to make certain mortgage loans eligible for sale to Fannie Mae or Freddie Mac.

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