Fannie Makes Life Harder for Condos
The government-backed mortgage-finance company stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have been sold, up from 51%. In addition, the company won’t back loans for sales in buildings where 15% of current owners are delinquent on association fees or where more than 10% of units are owned by a single entity.
March 19, 2009 by Realtor John Wake
John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
Looking for Something?
Recent Videos
McCormick Ranch Home on the Park - For Sale
Arizona Mortgage Market Update
Quick Look at Desert Ridge, Arizona
Weather report from Scottsdale Arizona
Thompson Peak Park in Grayhawk, Scottsdale AZ
Ultimate Phoenix Shadow Inventory Video
Arizona Shadow Inventory = 16 months (kinda)
Arizona Shadow Inventory of Foreclosures
Phoenix home sales HUGE
Phoenix Shadow Inventory of Homes


