Condominium blacklists: Secretive lending questionnaires impacting affordable housing

Condominium blacklists: Secretive lending questionnaires impacting affordable housing

Fannie Mae and Freddie Mac are compiling troubling blacklists that prohibit mortgage financing for entire condominium or housing cooperative buildings. As the blacklists grow, community managers and board members have no knowledge their buildings are on them. When people are unable to buy and sell units in these buildings, property values may be affected.

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