What condominium or cooperative project review must be completed by the lender originating a DU Refi Plus loan?
Since the loan is currently owned or securitized by Fannie Mae, we will assume that it met our review standards in effect at the time it was originated. No further review is required, except the lender must confirm that the property is not in a condominium or cooperative hotel or motel, and that adequate hazard, flood, liability, and fidelity insurance coverage is in place.
