IMPACT OF NEW FANNIE MAE/ FREDDIE MAC GUIDELINES AND LENDER QUESTIONS BY CYNTHIA WHITTY NEW FANNIE MAE AND FREDDIE MAC lending guidelines are causing concern and confusion for associations and condominium buyers and sellers. The new " temporary " requirements came about as a result of the collapse last June of the oceanfront, high-rise condominium in Surfside, Fla. The requirements are intended to address aging infrastructure and signifi cant deferred maintenance. The requirements from Fannie Mae's Lender Letter, LL-2021-14, went into effect on January 1, 2022. Freddie Mac followed with similar new rules, effective February 28, 2022. In addition, both entities issued a joint, updated questionnaire to gather information impacting the eligibility of condo and co-op projects. May 2022 CONDOMEDIA 35 Industry Perspective