Condominium owners are having trouble selling their properties due to a fast-growing and mostly secret mortgage blacklist, Jean Eaglesham and Nicole Friedman of The Wall Street Journal reports. The blacklist is maintained by Fannie Mae (FNMA) and includes condo associations the company thinks don’t have adequate property insurance or need to make critical building repairs.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNMA:
- Needham financial services analyst holds an analyst/industry conference call
- Fannie Mae announces sale of reperforming loans
- Fannie Mae Reports $17 Billion Net Income for 2024
- Fannie Mae finds mortgage fraud in multifamily lending transactions
- Fannie Mae Aligns Executive Compensation with New FHFA Goals
