The long awaited revisions to the FHA Condominium Project Approval Guidelines were released today.  The revisions are contained in Mortgagee Letter 2012-18 and apply to any applications for approval or recertification filed after todayThe 12 page mortgagee letter contains revisions to key requirements such as non-residential/commercial space (live/work projects), investor ownership, owner occupancy, delinquencies, insurance requirements and project certification.  We will be reviewing the revisions in detail and provide specific details of the changes to you as soon as possible.

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