HOAs beware: New regulations could threaten condo sales
Fannie Mae and Freddie Mac's new 15% reserve requirement for HOAs takes effect Jan. 4, potentially making it harder for condo buyers to secure conventional loans.
Attention homeowner associations: Fannie Mae and Freddie Mac are implementing new rules for HOAs that raise requirements for reserve contributions. The change will hit association budgets and has the potential to complicate condo sales. In this week's cover story, we hear from real estate pros on the implications of the move. Read Story.
Fannie Mae and Freddie Mac's new 15% reserve requirement for HOAs takes effect Jan. 4, potentially making it harder for condo buyers to secure conventional loans.
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