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Kathleen Margarete's avatar

I’m in your perspective on the changes to underwriting rules for condos that Fannie Mae and Freddie Mac announced in Sept 2023. Many of the 100+ condo projects in Lowell are going to have a harder time selling units and many owners and boards are not prepared to meet the new requirements. I feel like we’re about to have another housing crisis for condo owners in all of our old brick buildings.

https://www.meeb.com/marcus-errico-emmer-brooks-newsletter/lending-rules

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