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HOAs
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- 1HOA defaults spike 500% as Fannie Mae tightens mortgage rules●HOA defaults spike 500%. Fannie Mae triggers mortgage crackdown.
Fannie Mae has triggered a crackdown on mortgage lending amid a reported 500% spike in defaults on homeowners association fees. The surge in delinquent HOA payments is raising concerns about hidden financial stress in US housing, since unpaid association dues can create liens that take priority over mortgages. Commentators warn the new lending restrictions could make it harder for owners in HOA communities to buy, sell or refinance homes.