A Secret Mortgage Blacklist From Fannie Mae is Blindsiding Condo Owners and Killing Deals
In This Article A secret blacklist? It sounds like something from a Netflix thriller. However, that’s the scenario unfolding when some condo owners have attempted to sell their homes and investments, according to a report in the Wall Street Journal. Described as a Fannie Mae-maintained “secret mortgage blacklist,” it refers to a list compiled by […]
How the Secret Mortgage Blacklist Impacts Homeowners and Unsellable Condos
The Wall Street Journal is reporting (reposted on Realtor.com) that a there is a secret mortgage blacklist that is leaving homeowners stuck with unsellable condominiums. They say since the Surfside condo collapse and insurance crunch, fewer homes can get Fannie Mae-backed mortgages. Reportedly, the blacklist is maintained by Fannie Mae and includes condo associations that […]