A man looking at documents pertaining to a house sale agreement. Focus on a model house on top of documents in the foreground, while the man - sitting at a table and studying the agreement papers - is defocused beyond.

Fannie Mae Loan Requirements

What’s happening? Effective 2/7/2024, new guidelines were rolled out regarding condo master insurance policies in relation to conforming loans with Fannie Mae. The Issues Replacement Cost Value The master property insurance policy must provide for claims to be settled on a replacement cost basis. Property insurance policies that provide for claims to be settled on…