New rules raise the bar for condo mortgages- Tampa, Fl

 In a move that will make it even more difficult to qualify for a condo loan, Fannie Mae is putting a host of new conditions on mortgages for condominiums.
 

 View from 345 Bayshore Condo

Lending giant Fannie Mae is slapping tough new requirements
Fannie Mae’s timing ”couldn’t be worse,” said Jack McCabe, a South Florida real estate [...]

Credit Crisis & Real Estate Markets Report

Credit Crisis & Real Estate Markets Report
Federal Reserve Board Slashes Fed Funds Rate
On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery.
The press release announced that, [...]