Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FHFA RFI on short-term rental units
A Request for Input (RFI) has been issued by the Federal Housing Finance Agency on Fannie Mae and Freddie Mac's eligibility requirements for mortgages in condo, co-op, and planned unit development projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily for the purpose of vacation or recreational lodging. These projects are often informally referred to as "condotels" or resort condominiums. The information that FHFA is requesting through the RFI will help the agency determine whether changes or clarifications to Enterprise policies are necessary to ensure more accurate and consistent project eligibility assessments.
Comments should be submitted within 60 days of Federal Register publication, but no later than July 5, 2021.