How Fannie Mae Underwriting Guidelines Impact Condo Sales
Learn about the problems that most often arise for associations and sale parties during the underwriting process for conventional loans on condominium units
- Product Number: 2250190WBC
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1 substantive credits, 0 ethics credits CLE Credit Note - Print Brochure
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Product Description
Product Description
Condominium sales are a different creature from most other residential real estate transactions when it comes to obtaining conventional mortgages. Much of the additional headache is largely due to the condominium questionnaire lenders use to verify that a loan will conform to Federal National Mortgage Association (FNMA) guidelines. Revisions to the guidelines in 2021 following the Champlain Towers collapse shook up the questionnaire landscape and caused headaches for unit sellers, unit purchasers, and condominium associations, which continue to linger. Learn more about the problems that most often arise for associations and sale parties during the underwriting process for conventional loans on condominium units.
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Agenda
Agenda & Materials
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12:00 - 12:05 pm
Basics of Condominium Questionnaires and Process
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12:05 - 12:20 pm
How Fannie Mae Underwriting Guidelines Impact Condo Sales: Post-Champlain Era: Focus on Safety
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12:20 - 12:25 pm
How Fannie Mae Underwriting Guidelines Impact Condo Sales: Association Perspective
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12:25 - 12: 30 pm
How Fannie Mae Underwriting Guidelines Impact Condo Sales: Insurance Requirements/Blacklist
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12:30 - 12:40 pm
How Fannie Mae Underwriting Guidelines Impact Condo Sales: Preparing Associations
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12:40 - 12:50 pm
How Fannie Mae Underwriting Guidelines Impact Condo Sales: Closing Attorney's Process for Better Results
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12:50 - 1:00 pm
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MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
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