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Fannie’s secret ‘blacklist’ wreaks havoc for condo buyers and sellers

Since the Surfside collapse, Fannie Mae’s list of ineligible condos and co-ops has grown 55%.

Jeff and Melaina Brill with 5-week-old daughter, Aurora, and sons Levi, 2, left, and Eli, 4, at their new home in Anaheim Hills on Monday, April 10, 2023. The Brills went through a complicated escrow just as they were going through a complicated pregnancy after they learned that the Harbor Lofts condo they were selling is on Fannie’s secret list. They had to cough up an extra $15,000 to cover their buyers’ increased borrowing costs because the buyers couldn’t get a conventional mortgage. (Photo by Leonard Ortiz, Orange County Register/SCNG)
Jeff and Melaina Brill with 5-week-old daughter, Aurora, and sons Levi, 2, left, and Eli, 4, at their new home in Anaheim Hills on Monday, April 10, 2023. The Brills went through a complicated escrow just as they were going through a complicated pregnancy after they learned that the Harbor Lofts condo they were selling is on Fannie’s secret list. They had to cough up an extra $15,000 to cover their buyers’ increased borrowing costs because the buyers couldn’t get a conventional mortgage. (Photo by Leonard Ortiz, Orange County Register/SCNG)
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Since the Surfside collapse, Fannie Mae’s list of ineligible condos and co-ops has grown 55%.

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