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New Fannie Mae condo rules offer stability to South Florida’s housing market

New Fannie Mae guidance under Lender Letter LL-2026-03 offers South Florida condominium associations more flexibility on insurance deductibles and master policy structures, potentially lowering insurance costs. This may help more associations qualify for conventional financing, stabilize property values, and redirect funds toward reserves and maintenance. The shift ties financing eligibility to a building's financial health, emphasizing reserve funding, maintenance, and insurance planning for market stability.

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Karen

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