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Fannie Mae’s 2027 changes could impact HOA lending standards nationwide. Here’s what boards need to know.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

🏠 Condo Status Finder: https://singlefamily.fanniemae.com/condo-status-finder

✉️ Fannie Mae's March 18th Lending Letter: http://www.reservestudy.com/wp-content/uploads/2026/05/LL-2026-03-Project-Standards_Insurance-03-18-26.pdf

Today we have on the show Jodi Horne, she's principal of single family collateral risk management at Fannie Mae, and that's a long title, but what that all means is that she's the one at Fannie Mae ultimately responsible for lending standards affecting community associations and their latest lending standard update in particular, so at any time Fannie Mae or Freddie Mac make an adjustment to their lending standards. It sends ripples throughout the community association and the entire lending industry. So, to lower your anxiety and to hear what's really going on, we have Jodi here on the program today, speaking publicly on this issue.

Chapters:
00:00 Why is Fannie Mae changing reserve requirements?
00:51 Who is Jodi Horne and why does this update matter?
04:03 What role does Fannie Mae play in HOA lending standards?
05:05 Why did Fannie Mae decide to make this change?
07:45 Why should HOA homeowners care about these requirements?
08:42 What are the two major reserve policy changes?
12:24 When do the new reserve requirements take effect?
14:22 Is this a national standard or a regional change?
15:24 Ad Break - Association Reserves
15:56 Why was the reserve threshold increased from 10% to 15%?
17:58 Who reviews reserve studies and reserve funding levels?
19:06 What qualifies as an acceptable reserve study?
20:45 Why is baseline funding no longer acceptable?
24:05 How do associations support mortgage financing eligibility?
25:23 How long did it take to develop these changes?
27:00 Was the Champlain Towers collapse the reason for this update?
28:59 What should HOA boards do next to prepare?
30:49 Where can boards find the Fannie Mae resources discussed today?

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