AC-017 Important Updates Including NPRA Eligibility
NOTICE TO ALL CUSTOMERS
FLCBank is notifying customers of various updates and changes in the loan programs listed below.
Updated Condominium Project Requirements – Conventional Loans
Fannie Mae and Freddie Mac updated their project review requirements to include projects that are terminating or involved in insolvency proceedings as ineligible projects. These requirements apply when the mortgage is secured by Condominium Units regardless of the project review type including loans eligible for delivery under Exempt from Review.