Condo Financing Gets an Overhaul | Today in Mortgages Ep. 268 [DXxKvxfFBxj]
The Fed didn't move rates, but the market reaction was dramatic. Rich and Michael explain why the ten-year treasury jumped and what Fed Chair Warsh's new data-driven approach—using private sector CEOs for intel—means for long-term stability and inflation. Plus, a massive overhaul to condo financing rules is here. Fannie Mae and Freddie Mac are eliminating limited reviews and increasing reserve requirements, but there's a silver lining for smaller complexes and communities with high investor concentration. What we cover: * Why the markets reacted negatively to the Fed holding rates steady. * How new Fed leadership is using private-sector data to guide policy. * Major changes to condo financing, including the elimination of limited reviews. * The surprising good news for small condo projects (10 units or less). * Why the removal of investor concentration limits is a game-changer for certain markets. Subscribe for the latest news and analysis to stay ahead in the mortgage and real estate game. Today in Mortgages is produced by Network Funding, LP | Equal Housing Opportunity Lender, NMLS ID #2297 | nflp.com/licenses 00:00 Intro 00:50 The Fed's Fiery Week of Drama 07:13 Big Changes Coming to Condo Financing 10:38 A Winning Mindset for the Fall Market 12:50 Final Thoughts