Tag Archives: lenders

Lenders steer clear of some condo buildings

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Among the deal killers: too many renters in a building, pending litigation, inadequate association reserves and delinquent assessments. Those are some of the criteria lenders must look at in order to sell the loan to Fannie Mae or Freddie Mac,
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CA: Slowing foreclosures may signal bank woes

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

California foreclosure activity fell by several measures from April to May, suggesting to some that lenders would rather delay taking back properties and incurring related expenses and loan losses.
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