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Fannie Mae Shakes Up the Co-op and Condo Lending Game

New York City

Fannie Mae, the federally backed mortgage giant, has changed its lending rules. “In the past

Premium Financing to the Rescue UNABRIDGED

Magazine Article by Paula Chin on September 01, 2022

and local lenders. Typically, a board asks its insurance broker to contact the lender and apply for the loan

Tipping Point UNABRIDGED

Magazine Article by Paula Chin on September 01, 2022

’s a lot of back and forth with lenders and mortgage brokers now, and it’s taking much more time and effort ... Mortgages Lending ... The federally backed mortgage giant changes the rules — and to keep apartment sales moving, boards

Insurance Gaps: Happen More Often Than You Think UNABRIDGED

Magazine Article by Gina Corso on September 01, 2022

, and find a broker who specializes in co-ops and condominiums. That person is more likely to ask the right

Co-op Boards Must Treat All Pieds-a-Terre Equally

New York City

neighbors were using their apartments as pieds-a-terre. Confused, he asked Brick Underground: "Is the board

Problem Solved: Borrowing Enough to Cover Future Projects

Westchester County

first mortgages because it saves them closing costs. But also it's one of these things that people don ... The co-op board at Hudson House in Westchester County refinanced its underlying mortgage the right

Interest Rate Hikes Are Hitting Co-op Mortgage Refinancing

Jackson Heights, Queens

and mortgage broker, if you have one — and discuss what you need, and make sure the prepayment penalty makes ... Interest rate hikes, driven by inflation, are adding to the cost of co-op mortgage refinancing. ... Interest Rate Hikes Are Hitting Co-op Mortgage Refinancing

Lack of Pre-Inspection Leaves Condo Board Exposed to Major Risks

New York City

a broker who specializes in co-ops and condominiums. That broker is more likely to ask the right questions ... Broker’s oversights led to porous insurance coverage.

Spike in Heating Oil Costs Pinches Affordable Harlem Co-op

Harlem, Manhattan

shareholders don’t have bottomless pockets. On the plus side, when the board refinanced its mortgage for $1

Board President Jim Quaranto Takes Charge UNABRIDGED

Magazine Article by Paula Chin on June 01, 2022

we liked a lot, so we asked him to come work for us exclusively, and he’s been with us ever since

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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