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August 03, 2005

Fannie Mae "Community Land Trust Option"

In 2001, Fannie Mae agreed to the "Community Land Trust Option", creating the potential for CLT homebuyers to access Fannie Mae mortgage products. Here is a copy of a recent Fannie Mae "striper", describing the "Community Land Trust Option". Posted...[More]

Posted by Mike Brown | Comments (0)

Fannie Mae Appraisal Methodology

In 2001, Fannie Mae agreed to the "Community Land Trust Option", creating the potential for CLT homebuyers to access Fannie Mae mortgage products. At that time, Fannie Mae also established guidelines for establishing the value of CLT leasehold properties. This...[More]

Posted by Mike Brown | Comments (0)

Fannie Mae Uniform Rider to CLT Ground Lease

In 2001, Fannie Mae agreed to the "Community Land Trust Option", creating the potential for CLT homebuyers to access Fannie Mae mortgage products. Modifications to CLT ground leases required by Fannie Mae were stipulated in a "Uniform Rider" to be...[More]

Posted by Mike Brown | Comments (0)