Fannie Mae & Freddie Mac Condominium Project Eligibility: Changes to Standards & How it Impacts You.
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Fannie Mae & Freddie Mac Condominium Project Eligibility: Changes to Standards & How it Impacts You. * Home > * The CWMEB Journal * posted: Mar. 20, 2026 Fannie Mae & Freddie Mac Condominium Project Eligibility: Changes to Standards & How it Impacts You On March 18, 2026, Fannie Mae and Freddie Mac announced updates to its condominium project eligibility standards, some of which are taking effect immediately while others will not be effective until later this year or early 2027. If you manage or lead a condominium (or own a condominium unit) anywhere in the United States of America, these changed standards are likely to have a substantial impact whether units are marketable and eligible for loans backed by Fannie Mae and Freddie Mac. Wait, let's first answer the question - What are Fannie Mae and Freddie Mac? These are government-sponsored entities created by Congress to support the country's housing market, which they do by operating in the secondary mortgage market to purchase existing mortgages from banks and lenders. Purchasing mortgages allows those banks and lenders to have more capital to issue new loans for more borrowers. The critical piece though is that Fannie and Freddie then bundle up the mortgages they purchase and trade them to investors as a government-guaranteed security (similar in some respects to a Treasury note) - investors should receive the...
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