This article entitled “Fannie Mae adds restrictions for backing condo mortgages : WSJ – Update” appeared in the RTTNews on March the 18th, 2009. The staff writer wrote:
“Government backed mortgage finance company Fannie Mae (FNM) has enforced stricter guidelines for obtaining condominium mortgages, effective March 1, the Wall Street Journal reported Wednesday. The restrictions come at a time when the U.S. housing market is braced for a condo rush this year, and are expected to add pressure on developers struggling in the ongoing housing slump…continue reading the Fannie Mae makes is harder for condo buyers to attain loans article.
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