Fannie Mae & Freddie Mac – The Condo Financing Shakeup

Description with YouTube chapter markers

Something big is happening in the condo mortgage world… and most owners have no idea.

Fannie Mae and Freddie Mac have quietly changed how condo buildings are evaluated for financing. While some insurance requirements have been relaxed, lenders are now taking a much deeper look at the financial health of entire associations.

That means reserve funding, deferred maintenance, and special assessments can now determine whether buyers can get loans in your building.

In this episode of Condo Craze and HOAs, Eric Glazer and Karen Curtis break down what these changes mean for condo owners, board members, and anyone trying to buy or sell a unit in today’s market.

Former lawmaker Julio Robaina also joins the discussion to explain upcoming compliance deadlines and what boards must do before the end of the year.

If your building isn’t financially prepared… the consequences could show up the next time someone tries to sell.

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CHAPTERS

00:00 Introduction
06:25 The Mortgage Shift Begins
06:42 New Reserve Funding Expectations for Condos
07:15 When Reserve Studies Require Higher Contributions
08:51 How Lenders Are Reviewing Condo Finances
09:15 Why Buyers Can Be Denied Loans Because of the Building
16:03 Julio Robaina on Florida Compliance Deadlines
16:25 Structural Integrity Reports and Mandatory Reserves
47:18 Condo Records Requests Explained
48:07 What Associations Are and Aren’t Required to Provide
51:57 New Law Requiring Quarterly Board Meetings
55:58 The Real Responsibility of Condo Board Members
56:39 Fiduciary Duties and Contract Oversight
57:17 Ring Cameras, Security Devices, and Material Alterations
59:53 Where Boards Have Discretion on Security Devices

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Watch Condo Craze and HOAs live every Sunday at 11 AM on YouTube.

Learn how Florida condo and HOA laws impact your building, your finances, and your rights as an owner.

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S4E12 | Airing 4-12-26