Freddie Mac Bulletin 2012-14 has been published to provide updates and revisions to its Condominium Project review and eligibility requirements. Revisions and updates include reorganizing and simplifying Guide Chapter 42, Special Requirements for Condominiums; simplifying its requirements by converting certain warranties for Condominium Projects into specific project eligibility requirements for each project review type; streamlining its project eligibility criteria for reciprocal project reviews; and streamlining its requirements for Detached Condominium Projects and Mixed-Use Condominium Projects. Freddie Mac has also eliminated requirements for Newly-Converted Condominium Projects and updated requirements related to Condominium Project conversions.
