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Correction

Posted on September 13, 2012 by Staff

An article in last week’s Citizen about Fannie Mae’s guidelines regarding lending for condominiums incorrectly described parameters for exceptions to Fannie Mae’s rule under which condominiums in developments where one entity owns more than 10 percent of the deeds are not considered loan-worthy. Fannie Mae considers exceptions to the 10 percent rule on a case-by-case basis.

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