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FHA Updates Condo Approval Guidelines, Includes Reverse Mortgages 

Nov 13, 2015By

Today, the Federal Housing Administration (FHA) announced that it has published new guidelines intended to increase the number of condominium projects that are eligible for FHA insurance, heeding the calls of lawmakers and mortgage industry groups who have long pushed for easier condo requirements. Effective immediately, the temporary guidance from FHA—issued via Mortgagee Letter 2015-27—will […]