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Fannie Mae updates set for condo market

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NJ Lenders announced Wednesday that Fannie Mae has made several positive updates to their condo, co-op and planned unit development policies.

The Project Standards Update will now help simplify policies and guidelines for customers. Updates include changes to Single-Entity Ownership, Commercial Space and Investment Property Transactions policies.

Lenders can start applying changes when reviewing projects effective immediately.

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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