The US Department of Housing and Urban Development (HUD) released a new Mortgagee Letter 2009-19 last week, detailing new changes in the condominium approval process. While the new guidelines abandon the one-year waiting period before considering loan applications on condo units, they have added new restrictions. The big thing to remember [...]
HUD Mortgagee Letter Released on Condominium Approval Process
- By Michael McCann
- Posted

