UPDATED FANNIE MAE AND FREDDIE MAC LENDING QUESTIONNAIRES IMPACT HOMEBUYERS, CAUSING POTENTIAL DISRUPTION TO U.S. AFFORDABLE HOUSING MARKET
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Wednesday, March 2, 2022
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Falls Church, VA, March 02, 2022 (GLOBE NEWSWIRE) -- Updated lending questionnaires from Fannie Mae and Freddie Mac introduced in late 2021 are creating questions and concerns for millions of homebuyers, condominium communities, and housing cooperatives, causing a potential disruption to the U.S. affordable housing market, according to Community Associations Institute (CAI) , the leading international authority on the community association housing model.
Key Points:
- Falls Church, VA, March 02, 2022 (GLOBE NEWSWIRE) -- Updated lending questionnaires from Fannie Mae and Freddie Mac introduced in late 2021 are creating questions and concerns for millions of homebuyers, condominium communities, and housing cooperatives, causing a potential disruption to the U.S. affordable housing market, according to Community Associations Institute (CAI) , the leading international authority on the community association housing model.
- Our preliminary research shows how our nations condo market, traditionally a first-time homeownership and senior citizen housing option for many buyers, is shrinking.
- Based on the results:
83% say they have been presented a lender questionnaire including the new Fannie Mae and Freddie Mac guidelines. - In that survey, the overwhelming majority (96%) of respondents say they have been presented a lender questionnaire including the new Fannie Mae and Freddie Mac guidelines.