New rules raise the bar for condo mortgages in Florida
Posted on: Sunday, January 25th, 2009 in: Market UpdatesBY MONICA HATCHER – Miami Herald Lending giant Fannie Mae is slapping tough new requirements on mortgages for Florida condos, moves that analysts believe will make it even more difficult to sell units in buildings already starved for residents and struggling financially. The standards, which took effect last week and apply only to Florida, include [...]