CONDO FINANCING - HUD/FHA APPROVAL UPDATE

A COLLAPS OF MORAL VALUES AND COMMON SENSE...

In November 2009, the Federal Housing Administration issued new requirements outlining their lending requirements for condominium associations.
U.S. Approvals, a company that provides HUD/FHA and VA project review services published an updated summary of the requirements.

If you want to know why the housing market collapsed, which led to a world-wide recession and the new FHA restrictions, we recommend A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers by Lawrence G. McDonald. It is a riveting story.

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