The Federal Housing Administration has announced that it has taken steps to streamline its case number assignment process for spot approvals on condo units. Processing Content The streamlining by the Department of Housing and Urban Development unit is designed to further expedite a process which allows mortgage companies to get a case number for loans […]
FHA adds automation for spot approvals on condos Read More »
The nation’s housing market is settling into a “more sustainable equilibrium,” according to real estate analytics firm HouseCanary. Processing Content More homes nationwide went under contract in April compared to the same time last year, while the median closing price was up over 5% in the same timeframe, the firm reported this month. Inventory growth,
Housing market approaching equilibrium: HouseCanary Read More »
Homeowners associations filed the equivalent of one lien every 90 seconds in 2025 against residents, with rising numbers hinting at growing consumer financial stress, which was particularly high in some regions of the country. Processing Content In total, HOAs issued 284,933 liens in 2025, an 8.6% jump from the 262,446 delivered a year earlier, according
HOA liens have surged amid rising owner costs Read More »
The mortgage industry has generally supported Fannie Mae and Freddie Mac’s more flexible roof insurance requirements for all single-family mortgages, but some condo market stakeholders have questioned certain other changes announced alongside it. Processing Content First flagged by a community lenders group shortly after the insurance rule-change came out, there have been a growing number
Condo lenders push back on Fannie, Freddie rule changes Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Last week, Federal Housing Finance Agency Director Bill Pulte announced that the GSEs were rolling back roof insurance requirements for condo buildings to allow them to purchase actual cash value (ACV) policies instead
Pulte got the condo insurance call right Read More »
The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be
FHFA loosens insurance rules targeting condos, rural loans Read More »
President Donald Trump has been considering declaring a National Housing Emergency over the past few weeks, and some housing organizations are putting in requests for items to be included. The Community Home Lenders of America and the Community Associations Institute jointly asked the administration Wednesday to allow the Federal Housing Administration to insure loans on
Housing organizations call for condo loan flexibility Read More »
It’s a tough time to be a condo owner, particularly in Florida, and most especially if you’re trying to sell. That’s the upshot of a new report from Redfin. Condo prices dropped 2.2% year-over-year in May. That’s the second-sharpest decline since the brokerage began tracking condo data in 2012. While the broader housing market has
Condo prices drop year over year, led by Florida declines Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. Condominiums have historically been our most affordable site-built homeownership option. However, escalating insurance costs, concerns about the structural integrity of condos, and more stringent underwriting requirements threaten to undermine the advantages of this critical home purchase option. Is there a way forward that
Condo rules need reform to keep homes affordable Read More »
Florida enacted legislation this week that will provide various forms of relief for condominium unit owners and community associations from the financial impact of regulations introduced after the 2021 building collapse in Surfside. Governor Ron DeSantis signed new laws on Monday and noted the legislation came from feedback provided by condo residents and communities in
Florida eases costs for condo owners post-Surfside Read More »