Mortgage loans for condo units are subject to specialized guidelines for financing provided by major investors such as Fannie Mae. The three-person panel teaching this course includes a member of Fannie Mae's project standards team, who will review the condo project requirements and approval process and respond to questions.
This program is a continuation of a course that originally took place on February 26, 2010. Due to the extent of the content the speakers have agreed to participate in a second discussion of the issues.
What You Will Learn
Learn details of Fannie Mae's condo project guidelines, including:
• Processes for project review
• Guidelines and definitions for new and newly converted projects versus established projects
• Requirements for review of project legal documents and attorney's review
• Insurance requirements
• Project financial requirements
W. Patrick Connolly, Sr. Risk Manager, Fannie Mae Project Standards, Spencerport, NY
Sandra Krumbein, Ruden McClosky, Ft. Lauderdale, FL
Howard J. Vogel, Berman Rennert Vogel & Mandler, P.A., Miami, FL
Total 60-minute hours of instruction: 1.5; Total 50-minute hours of instruction: 1.8
Suggested Prerequisite: Limited experience in legal practice in subject matter.
Educational Objective: Development of proficiency in performance of intricate and complex legal tasks within a narrow area, provision of information on recent legal developments; maintenance of professional competence as a practitioner.