FHA eases burdensome condo financing rules

The controversial rules had caused thousands of buildings across the country to lose eligibility for FHA financing.

WASHINGTON — Here's some encouraging news for condominium unit owners, sellers and buyers: The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has revamped controversial rules that caused thousands of buildings across the country to lose their eligibility for FHA financing.

Source: http://feeds.latimes.com/~r/latimes/business/~3/BiqJcFuUKck/la-fi-harney-20120923,0,1970421.story

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