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‘The thing that bothers me is that people can’t solve these problems if they don’t know they exist,’ said Fort Lauderdale lawyer Leigh Katzman.
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.
But the Fannie Mae will release the info only to HOAs. Move follows Globe story on how unsuspecting buyers and sellers were left in the dark.
Won’t buy loans for these properties and forbids lenders from telling anyone. In October, 37 Massachusetts developments were singled out.