On March 18, 2026, Fannie Mae and Freddie Mac released notices that significant updates had been made to their property insurance requirements as well as their project standards that will impact loan activity for condominiums and homeowners associations. A copy of Fannie Mae’s notice can be found HERE, and we are fortunate to have been provided a copy of a press release drafted by Stephen Davis, ESQ, a local attorney at Carmody MacDonald who is well-versed in legal matters concerning condominium and homeowners associations, who has provided us (as well as his clients) a summary of the recent changes made by Fannie Mae and what kind of impact these changes can have on the lending landscape for pending unit sales as well as more direct impacts on the association budgets and insurance requirements for condominium and homeowners associations going forward. A copy of Stephen’s article can be found HERE.
