FHA temporarily eases guidance on condo approvals

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If so, it will have taken roughly nine years to get back into the black after the home-price crash – a disturbing figure for homeowners who had long thought a house or condo to be not just. years.

On September 13, 2012, fha released mortgagee letter 2012-18: temporary Approval Provisions for the Federal Housing Administration Condominium Project Approval Process.The Mortgagee Letter replaces existing policy until FHA publishes formal regulations expected in 2014. NAR had been working with HUD for years on these changes, and had worked with Congress to try and influence HUD to loosen.

 · FHA eases some new condo lending rules.. I have 20 years in the industry and am very versed in FHA and can still do spot approvals so please feel free to call me with any questions on this and lets move some condos. Kimber White, Eastern Trust Lending, 954.696.1436.

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 · From my friend and attorney extraordinaire, Herman Thordsen: Have you ever tried to get a loan on a condominium only to be frustrated when the loan was turned down because of problems with the condo project? If so, you’re not alone. But condo approvals just got a little easier. On July 29, 2016 President Barack Obama signed.

FHA EASES CONDOMINIUM PROJECT APPROVAL REQUIREMENTS Temporary guidelines will increase number of condominium projects eligible for FHA approval. WASHINGTON – The federal housing administration (fha) today published new guidelines under its condominium approval process intended to increase affordable housing options for first-time and low- to.