Fannie Mae Selling Guide B4-2.3-03: Legal Requirements for Co-op Projects
This topic contains information on legal requirements for co-op projects, including:
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- Amendments to Documents
- Co-op Membership
- Lien Position for Co-op Share Loans
- Prior Co-op Financing
- Assignment of Co-op’s Lease/Occupancy Rights
- Co-op Corporation’s Recognition Agreement, Responsibilities, and Lender’s Rights
- Lender’s Rights
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.