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Two Lawmakers Ask Fannie, Freddie To Ease The Squeeze On Available Financing For New Condo Units

By r morris

The Wall Street Journal reports:Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery.In March, Fannie Mae said it would no longer guarantee mortgages on condos in buildings where fewer than 70% of the units have

Full post as published by The Home Equity Theft Reporter on June 23, 2009 (boomark / email).