{"id":63598,"date":"2026-07-21T03:00:14","date_gmt":"2026-07-21T01:00:14","guid":{"rendered":"https:\/\/housesmarketplace.com\/ad-mortgage-flags-condo-reserve-rules-in-fhfa-letter\/"},"modified":"2026-07-21T03:00:14","modified_gmt":"2026-07-21T01:00:14","slug":"ad-mortgage-flags-condo-reserve-rules-in-fhfa-letter","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/ad-mortgage-flags-condo-reserve-rules-in-fhfa-letter\/","title":{"rendered":"AD Mortgage flags condo reserve rules in FHFA letter"},"content":{"rendered":"
\n

AD Mortgage<\/strong> has launched a public policy<\/a> initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the \u0424\u0435\u0434\u0435\u0440\u0430\u043b\u044c\u043d\u043e\u0435 \u0430\u0433\u0435\u043d\u0442\u0441\u0442\u0432\u043e \u0436\u0438\u043b\u0438\u0449\u043d\u043e\u0433\u043e \u0444\u0438\u043d\u0430\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f<\/strong> regarding condominium financing<\/a>.<\/p>\n

The initiative has already taken off running. In a July 1 policy letter addressed to \u0411\u0438\u043b\u043b \u041f\u0443\u043b\u0442<\/a>, \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 \u0424\u0425\u0424\u0410<\/a>, AD Mortgage outlined concerns about upcoming changes to condominium project eligibility requirements<\/a> for loans purchased by \u0424\u0430\u043d\u043d\u0438 \u041c\u044d\u0439 <\/strong>\u0438 \u0424\u0440\u0435\u0434\u0434\u0438 \u041c\u0430\u043a<\/strong>. <\/p>\n

According to AD\u2019s press release, \u201cthe submission follows a recent meeting between AD Mortgage leadership and FHFA officials focused on housing affordability, condominium financing, and other emerging issues in the residential mortgage market.\u201d<\/p>\n

AD Mortgage\u2019s initiative and letter dovetail with previously addressed concerns by those in the housing space. Several industry talking heads are worried that the changes could increase monthly association dues and make it more difficult for some borrowers and condominium projects to qualify for financing.<\/p>\n

Corey Chubner, AD Mortgage\u2019s senior vice president of government affairs and investor relationships, told \u0416\u0438\u043b\u044c\u0435\u041f\u0440\u043e\u0432\u043e\u043b\u043e\u043a\u0430<\/strong> in an interview that the goal of the initiative is to be a \u201ccollaborative partner\u201d to policymakers. <\/p>\n

\u201cWe had a great meeting with FHFA back in the middle of June of this year, and we discussed, amongst other things, the changes to the condo guidelines and the sunset of the limited review process and the update to the reserve requirements from 10% to 15%, and we expressed our concerns that it may squeeze what would otherwise be very creditworthy borrowers outside of the conventional financing that would be afforded to them otherwise,\u201d Chubner said. <\/p>\n

The company said its recommendations are supported by proprietary lending data showing the importance of the Enterprises\u2019 Limited Review process for conventional condominium loans, particularly in Florida. <\/p>\n

\u201cIt wasn\u2019t our goal to demand that they delay or revoke the changes, but it was to provide insight, and we have access to an abundance of data, and I think it\u2019s our responsibility as partners with FHFA, with Fannie, with Freddie, to share some of that data and show the real-world implications,\u201d Chubner added. \u201cThe hope is that there\u2019s a dialog.\u201d<\/p>\n

According to AD Mortgage, more than 750 Florida condominium loans it originated since 2021 used the Limited Review process, representing 53% of its conventional condominium originations in the state during that period.<\/p>\n

\u201cAD Mortgage supports prudent project eligibility standards and shares FHFA\u2019s objective of promoting sustainable homeownership and long-term project stability,\u201d the letter said. \u201cAt the same time, we are concerned that the combined effect of eliminating Limited Review and increasing reserve funding requirements may materially reduce access to Enterprise-backed financing for otherwise creditworthy borrowers.\u201d<\/p>\n

The lender also said about 30% of condominium projects it manually reviewed had reserve funding below the new 15% threshold established under updated Fannie Mae and Freddie Mac guidelines. AD Mortgage is urging the FHFA to monitor how the revised standards affect borrower access to conventional financing and consider future adjustments if data shows the changes reduce credit availability.<\/p>\n

Chubner told HousingWire that the letter has not yet gotten a response from Pulte.<\/p>\n

\u201cOur objective is simple: bring practical market experience and real-world lending data into policy discussions,\u201d Chubner said in a statement. \u201cThe mortgage industry has an important responsibility to help policymakers understand how regulatory changes affect borrowers.\u201d<\/p>\n

The letter also addressed the \u0424\u043b\u043e\u0440\u0438\u0434\u0430<\/a>-headquartered company\u2019s concerns about statewide impact.<\/p>\n

\u201cIn Florida, it\u2019s unique as compared to most of the rest of the country when it comes to their housing stock because it is so condo concentrated that it will have a disproportionate impact,\u201d Chubner said. \u201cWe\u2019re headquartered in Fort Lauderdale, so we really have our finger on the pulse of the homeownership community, the community in Florida. We want to make sure that those potential homeowners aren\u2019t being squeezed out of the opportunity to get into what could be a first-time home.\u201d <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agency regarding condominium financing. The initiative has already taken off running. In a July 1 policy letter addressed to Bill Pulte, director of the FHFA, […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63598","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nAD Mortgage flags condo reserve rules in FHFA letter - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/ad-mortgage-flags-condo-reserve-rules-in-fhfa-letter\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AD Mortgage flags condo reserve rules in FHFA letter\" \/>\n<meta property=\"og:description\" content=\"AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agency regarding condominium financing. 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