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November 21, 2011

CAI Meets with FHA to Discuss Changes to the Condominium Project Approval Guidelines

CAI Delegation Meets with FHA Head On November 17, 2011, CAI led a delegation to meet with Carol Galante, the Acting Commissioner of the Federal Housing Administration (FHA). The delegation included representatives from the National Association of Realtors and the National Association of Home Builders. The purpose of the meeting was to discuss ongoing concerns […]

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May 24, 2011

The new FHA review process

In 2010 the FHA eliminated the “spot approval” program. Due to this change, an entire complex must now obtain FHA condo approval.  If your community is not FHA approved, prospective buyers or current residents cannot purchase a unit or refinance using an FHA loan product.  With almost 50% of new loans being backed by the […]

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