Legislation Passes Easing FHA Financing for Condos to Help Homebuyers
Recently the U.S. Senate passed H.R. 3700, “The Housing Opportunity Through Modernization Act,” which is now merely awaiting the President’s signature.
The major focus of this legislation is to reform current Federal Housing Administration restrictions on the financing of condominiums. These restrictions were significantly tightened by FHA in 2010 in an effort to avoid bad loans […]