Blog
Discover insightful articles, tips, and industry updates on our blog page, providing valuable information for project risk evaluation in the condominium and cooperative market.
News: Project Risk Evaluation Partners Featured in Brick Underground Article
We are thrilled to announce that Project Risk Evaluation Partners was featured in an article by Jennifer White Karp on Brick Underground. The piece, titled “Here’s
Understanding the New Fannie Mae Insurance Requirements for Condos and Coops
Insurance requirements for condos and coops have recently undergone significant changes, with Fannie Mae introducing a new level of detail that requires confirmation of certain
The Importance of Accurate Condo and Coop Questionnaire Responses
The tragedy of the Champlain Towers South collapse on June 24, 2021, in Surfside, Florida, and the impact of that event on condominium and cooperative
Loan Commitment in Condo Purchases: A Guide for Lenders & Borrowers
Importance of Loan Commitment in Condominium Unit Purchase When financing a condominium unit purchase, a borrower, working with his or her lender, has a set
What is a GSE and What Does It Do?
You may not have heard of them quite yet but consider this: the GSEs—government-sponsored enterprises—purchase, from various approved lenders, the majority of all residential loans
Important GSE Requirements for Condos and Coops
As the largest purchasers of loans in the residential secondary mortgage market, the GSEs or government-sponsored enterprises (Fannie Mae and Freddie Mac) have set guidelines
What Are the Fannie Mae Lending Guidelines and Requirements for Condos?
Financing within the traditional home buying process is simple. When single family home buyers finance the purchase, the lender underwrites them as the borrowers. The
What Are Fannie Mae Condo Guidelines?
Most home buyers finance their purchase, which means that their lender has to underwrite them as borrowers and the home as collateral. What many borrowers
Press Release (7/24/2019)
PRESS RELEASEFor Immediate ReleaseJuly 24, 2019 PROJECT RISK EVALUATION PARTNERS, LLC (PREP) LAUNCHES TO SERVICEMORTGAGE LENDING AND REAL ESTATE INDUSTRY The principals of Project Risk