FHA, HUD ease lending restrictions for U.S. condo sales

17 Nov 2009

After several attempts to finalize, the Federal Housing Administration (FHA) has finally issued new lending policies to take effect Dec. 7. Because of the economic struggles in the market, however, several temporary exceptions have been implemented. Permanent changes include a ceiling of 30 percent of all condo units in one complex that can be funded by FHA (with its less-restrictive downpaymen

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.