Tag Archives: expiration

Five Questions for The U.S. Department of Housing and Urban Development

In December, Federal Housing Administration approval of condominiums began to expire.  FHA approved mortgages account for an estimated 40 percent of financing in condominiums.  Without FHA approval, owners may have a hard time selling their units.  HUD is administering the new approval process and insurance requirements, which are set forth by Mortgagee Letter 2009-46 B.

 

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