The Federal Housing Administration (FHA) has published new policy implementation guidance that will establish a new condominium approval process.
During an Aug. 14 telephone conference, Housing and Urban Development (HUD) Secretary Ben Carson and FHA Commissioner Brian Montgomery briefed reporters on the agency’s plan to expand homeownership opportunities in the condominium market.
Read on for news conference highlights, plus reaction from National Association of Realtors (NAR) President John Smaby.
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