Freddie Mac Issues Temporary Condominium and Cooperative Lending Guidelines
On December 15th, 2021 Freddie Mac issued new condo and co-op lending guidelines in response to the tragic collapse of the Champlain Tower condominium in Surfside Florida. These new guidelines for lending are incredibly impactful and depart from Fannie Mae’s recent lending guideline changes in many ways.
The new guides primarily focus on building financials, deferred maintenance, and structural component condition. The most impactful parts of the guidelines revolve around Freddie Mac’s acceptance of reserve studies i...
Fannie Mae and Freddie Mac Temporary Guidance Lender Best Practices for Underwriters, Operations, Sales and Compliance Presentation
To review and download the PowerPoint presentation presented to members and non-members of the Mortg...
NYC’s Biggest Condo Conversion Bets on Downtown Luxury Revival
(this article, written by Oshrat Carmiel, was originally posted on Bloomberg.com) A lot is riding o...
December 8, 2021 Webinar - Best Practices for Property Managers and Board Members
CondoTek’s President of Product Review, Orest Tomaselli and Director of Operations / Project Under...
CondoTek's President of Product Review, Orest Tomaselli held a webinar on November 18th, 2021, discu...
Property Management Impacts and Best Practices
Fannie Mae Lender Letter LL-2021-14 Lenders across the nation have begun to digest the newest l...
Fannie Mae Lending Guidance Issued for Condo’s and Coop’s in the Wake of Tragic Champlain South Tower Condo Collapse
Fannie Mae Lender Letter LL-2021-14Lenders across the nation have begun to digest the newest lending...
CondoTek In The News
Resource company for lenders acquires condominium approval services Market Watch Wednesday...
What A Week!
What a week it’s been! ICYMI – we announced last Tuesday that we acquired NCA that will only ma...
CondoTek Acquires National Condo Advisors
We're excited to announce this week that two powerful forces became one when we acquired National Co...