Universal Capital Mortgage

01/14/2025

California Approves New Insurance Changes to Stabilize the Market

California homeowners might soon get some relief. On Friday, the state’s Department of Insurance announced that it has been given permission to make important changes to help stabilize the insurance market. These changes are in response to growing challenges, such as increasing wildfire risks and ...

09/16/2024

Should you pull the trigger on a new mortgage now? Or wait.....

Discover why waiting for Federal Reserve interest rate cuts may not benefit borrowers. Understand how current long-term rates reflect future expectations and market adjustments.

07/02/2024

Things are only getting worse for CA condo financing. Call today if you need assistance with a non-warrantable condominium loan. 800-736-0565

Condo projects in California are currently facing significant challenges related to special assessments for deferred maintenance and compliance with SB-326, a law specifically targeting balcony repairs. Here’s a breakdown of how these issues are impacting condo associations and homeowners: Special...

02/10/2024

The CA Condo Insurance Crisis is Getting Worse. But we can help!

The Fannie Mae (FNMA) Ineligible Condominium list is growing faster than we can keep track of. Projects are added literally every day on a nationwide basis and the effect it has on financing these projects are hurting potential home buyers. Once added to the FNMA ineligible list, the majority of len...

12/15/2023

The infamous Fannie Mae "black list" coming soon.....or later.

Discover which condo projects are eligible for Fannie Mae loans with their new web tool, exclusively available to homeowners' associations. Find out if your project meets their requirements and secure your loan with confidence.

10/25/2023

200+ California Condo Projects now on Fannie Mae's Ineligible List

Just a quick email to update you on the nature of non-warrantable condominium financing. As you can see by the title of this email, the situation is getting worse, with new condo projects hitting the “ineligible” list every week. Projects that are under-insured lead the way, while HOA litigation...

09/21/2023

Is your condo project having issues renewing its master insurance policy? Here's some of the reasons why that may be happening.

Discover the latest developments in condo and HOA insurance in California and how it could impact the rest of the nation. Learn about the challenges facing insurers and community associations, and what solutions are being proposed.

09/11/2023

The insurance crisis in CA is getting worse for condo projects. Call me today if you need financing in a project with issues. (800) 736-0565.

Insurers have begun to decline to insure or decline to renew coverage for California community associations, citing huge losses from disasters. And California isn’t the only state seeing condo/HOA insurers get skittish and pricey. Here’s what you need to know.

09/08/2023

09/08/2023

Learn how Fannie Mae guideline changes have resulted in more condo projects becoming non-warrantable. Is your project next?

Discover why Fannie Mae's ineligible list for condos has surged by over 30%. Learn from a non-warrantable condo loan expert with 600+ loans funded.