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2. Denied a mortgage to buy a Florida condo? A secret, quasi ...

   www.aol.com/denied-mortgage-buy-florida-condo...

   The blacklist appears to have grown substantially since Fannie Mae enacted stricter requirements for condos to qualify for loans and mortgages that it backs a year after the Champlain Towers South ...

3. Fannie Mae and Freddie Mac to add transparency to condo ...

   www.aol.com/news/fannie-mae-freddie-mac-add...

   “The blacklist appears to have grown substantially since Fannie Mae enacted stricter requirements for condos to qualify for loans and mortgages that it backs a year after the Champlain Towers ...

4. Why was my mortgage application denied? Common reasons ... - AOL

   www.aol.com/finance/why-mortgage-application...

   In response to the June 2021 collapse of an oceanfront tower near Miami, Fannie and Freddie rolled out new rules covering condo loans: The giant mortgage market-makers have decided not to finance ...

5. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

6. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   If a loan's origination amount is above the CLL then a mortgage is considered a jumbo loan, and typically has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of ...

7. Verification of employment - Wikipedia

   en.wikipedia.org/wiki/Verification_of_employment

   Fannie Mae's guidelines are outlined in their Selling Guide, while Freddie Mac's requirements are detailed in their Servicer Guide. Both agencies aim to ensure borrowers have a reliable and sufficient income to support mortgage payments, thereby minimizing risk for lenders and investors. Most mortgages are preceded by both written and verbal VOEs.

8. How does a condo mortgage work? - AOL

   www.aol.com/finance/does-condo-mortgage...

   The requirements for a vacation home mortgage vary, depending on the type of loan you have and the condo you buy. For example, you cannot use VA loans or FHA mortgages for vacation homes.

9. How to find if your Florida condo is on a secret blacklist ...

   www.aol.com/news/florida-condo-secret-blacklist...

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