1. Fannie Mae's blacklist hinders condo sales due to inadequate insurance. 2. Number of properties failing Fannie Mae's standards rose to 5,175. 3. Increased insurance costs put more condo associations on the blacklist. 4. Tighter requirements may stall housing market growth and affect buyers. 5. Industry lobbying seeks to ease stringent insurance criteria implemented post-Surfside.
The increasing blacklist deters potential homebuyers, likely impacting FNMA's revenue from mortgages. Historical examples indicate that stricter lending criteria correlate with lower sales volumes in the housing market.
The article highlights systemic problems affecting FNMA's operations, making it a significant issue. Trends indicate ongoing insurance and lending challenges directly affecting FNMA's market position.
Immediate implications for home sales will persist as the blacklist continues to grow. Historical precedents show that similar market conditions from insurance crises can linger for several months.