Short Form For Condominium
Description
How to fill out Notice Of Lien To A Condominium Unit Owner For Unpaid Assessment Fees?
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FAQ
Though both enterprises are better known by their nicknames, Fannie Mae and Freddie Mac have more official titles: Fannie Mae is the Federal National Mortgage Association (FNMA) and Freddie Mac is the Federal Home Loan Mortgage Corporation (FMCC).
A condo questionnaire asks about: Basic project information: facts such as the project's legal name and details about the homeowner association. The questionnaire also asks whether the building contains features and constraints such as supportive care for seniors and resale or deed restrictions.
How Fannie, Freddie Got Their Names Freddie Mac and Fannie Mae are both creative acronyms for congressionally created home mortgage companies. The Federal Home Loan Mortgage Corp. became Freddie Mac and the Federal National Mortgage Association became Fannie Mae.
Per Fannie, Form 1076 (available here) ?helps lenders collect data to determine condo project eligibility.? Form 1076 is a tool to help assess risks associated with lending on the specific condominium or co-op, including its financial stability, condition, and marketability of the building.
Freddie Mac is an alternative name for the Federal Home Loan Mortgage Corporation, or FHLMC. Freddie Mac was created in 1970 as part of the Emergency Home Finance Act to expand the secondary mortgage market in the United States.