As of March 1, 2009, Fannie Mae changes the following financing regulations for condos:

            1.   No financing available to condos in buildings if more than 49% of all condos are investor owned.

2.      No financing for new construction unless at least 70% of the condos have been pre-sold, this is up from 51%.

3.      No financing if more than 15% of the owners are behind in their condo fees.

4.      No financing available if more than 10% of the units are owned by one investor.

Minimum down payment on condos roused to 25% down and Fannie Mae charges three quarters of a point to finance a condo in addition to their current fees.