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Fannie and Freddie to share why some condos ineligible for loans

Fannie and Freddie to share why some condos ineligible for loans
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Fannie Mae and Freddie Mac to share why some condos are ineligible for loans

Fannie Mae and Freddie Mac to share why some condos are ineligible for loans
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Fannie Mae and Freddie Mac to share why some condos are ineligible for loans

Fannie Mae will give condo associations access to its "secret" blacklist of condos ineligible for financing while Freddie Mac will allow condos to appeal their ineligible status. The federal loan guarantors announced the changes after several entities urged them to be more transparent this year.

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Fannie and Freddie to share why some condos ineligible for loans

Fannie and Freddie to share why some condos ineligible for loans
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Fannie Mae keeps a secret condo blacklist. Why?

Won’t buy loans for these properties and forbids lenders from telling anyone. In October, 37 Massachusetts developments were singled out.

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