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FHFA Asks for Input on Short-Term Rental Mortgages

Thursday, May 13 2021
Lending
Written by  The Mortgage Leader

The Federal Housing Finance Agency has put out a call for input on Fannie Mae and Freddie Mac’s eligibility rules for mortgages in condominiums and other development projects that offer short-term rentals. So reports DS News.

FHFAAs a press release notes, casual terms for such projects include resort condominiums or “condotels.”

The FHFA, which oversees the two government-backed mortgage finance giants, said that input the agency receives will help determine whether policy tweaks are needed to improve eligibility assessments.

Read the full article from DS News.

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