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.
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.