High standards: Understanding the impact of new mortgage underwriting requirements
Wednesday, Jan. 26, 2–3 p.m. ET
With aging infrastructure and deferred maintenance emerging as even greater concerns after the Champlain Tower South condominium collapse in Surfside, Fla., Fannie Mae and Freddie Mac recently released new mortgage underwriting requirements to ensure structural and financial stability for condominiums and housing cooperatives. Our panel of experts will help explain the updated requirements, how to meet them, and their impact on the work of community association managers and board members.
Edmund A. Allcock, Esq.Edmund A. Allcock is a partner at Marcus, Errico, Emmer & Brooks in Braintree, Mass., and a fellow in CAI's College of Community Association Lawyers (CCAL). Allcock has extensive knowledge of condominium law, having conducted numerous trials on behalf of condominium associations in New England and provided expertise on condominium-related matters in the Massachusetts, New Hampshire, and Rhode Island supreme courts. Allcock is co-chair of CAI's Rhode Island Legislative Action Committee, is a regular panelist and lecturer for CAI, and is a frequent contributor to the CAI New England Chapter's monthly magazine, CondoMedia.
Todd J. Billy is an attorney with Sandberg Phoenix in St. Louis and a CCAL fellow. He advises condominium and homeowners association boards regarding interpretation and enforcement of governing documents, drafting amendments, strategic planning, and collection actions. He also provides counsel on Federal Housing Administration condominium project certification, contract review, developer transition, and the relationship between association and unit owner insurance policies.
Jodi Horne is director of project standards for Fannie Mae's Single-Family Collateral Policy and Strategy group. She leads the group's strategy and policy for the eligibility of condominium, housing cooperative, and planned unit development projects.
Dawn M. Bauman is CAI's senior vice president of government and public affairs, executive director of the Foundation for Community Association Research, and former executive director of the Community Association Managers International Certification Board. She has dedicated her entire career to the practice of nonprofit management and has extensive experience with nonprofit organizations and associations, including serving as chief executive officer of the United States Psychiatric Rehabilitation Association and working with the American Cancer Society, Volunteers of America, as well as several Arizona-based nonprofits such as the ALS Association's Arizona Chapter, the Phoenix Committee on Foreign Relations, the Arizona Chapter of the Association of Fundraising Professionals, and the Arizona Association of Defense Counsel.
>>Virtually Possible: How to Improve Online Meetings and Electronic Voting
>>Safety First: What to Know Before You Open Your Pool
>>An Ounce of Prevention: How to Prepare Your Association for the Rise in Fair Housing and COVID-19 Liability Claims
>>Reserve Funding Challenges: A Collective Case Study
>>Managing a Remote Workforce for Maximum Performance
>>Breaking Point: Examining Aging Infrastructure in Community Associations
>>Assistance Animals and Your Community: What HUD’s New Guidance Means for Your Association
See Full Catalog of On-Demand Webinars