On September 13, 2012, the U.S. Department of Housing and Urban Development issued Mortgagee Letter: 2012-18, which put in place temporary condominium project approval guidelines that modified the existing FHA condominium approval policy requirements. The changes included, but are not limited to: a revised definition of proposed construction; a revised definition of newlyGo to Resource
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By now, it is no secret that the FHA certification and recertification processes are not overly friendly and considered by most to be overwhelming, burdensome, complicated, and confusing. There are other “colorful” adjectives that have been used in the industry to describe these processes that will not be repeated in this blog. Nevertheless,Go to Resource
Contrary to its past position on FHA lending guidelines for condominiums, last Friday (July 15, 2016) the Senate passed the Housing Opportunity Through Modernization Act (HR 3700) , and it is now sitting on President Obama’s desk for signature. The Housing Opportunity through Modernization Act has three major components including amendments to (i)Go to Resource
In less than a week, according to Tech Crunch, Pokémon Go has surpassed the number of people using Twitter and exceeds the number of daily interactions with Facebook. This number does not even include the number of users in Europe and Japan where the game has not yet been released. Police have askedGo to Resource
As the battle over the super lien heats up, not all banks are lining up to extinguish this obligation. Some banks are recognizing the importance of the super lien and are siding with community associations in the enforcement of super lien rights. Currently there are 23 states that have enacted some form ofGo to Resource