To keep federally backed financing available for their unit owners, condominium associations are attempting to adjust to the recent changes in the Fannie Mae and Freddie Mac underwriting standards. These are forcing associations to closely review the maintenance of their common elements, the funding of their reserve account, and decide what adjustments need to be made to their insurance premiums and deductibles.
To keep federally backed financing available for their unit owners, condominium associations are attempting to adjust to the recent changes in the Fannie Mae and Freddie Mac underwriting standards. These are forcing associations to closely review the maintenance of their common elements, the funding of their reserve account, and decide what adjustments need to be made to their insurance premiums and deductibles.
