Articles By CAI
Feds Backing Banks Over Condos In Foreclosures
The Federal Housing Finance Agency (FHFA) is expressing concern about state statutes that allow community associations to obtain lien priority over first mortgages for unpaid association assessments. By asking a federal court to intervene, FHFA is trying to bail out mortgage servicers that have failed to fulfill basic contractual obligations to Fannie Mae and Freddie
