New GSE Policies Affecting Condos and HOAs

The Voice for Real Estate in Illinois

New GSE Policies Affecting Condos and HOAs

Written by Victoria Munson |

Published: May 7, 2026

Fannie Mae and Freddie Mac (Government-Sponsored Enterprises or GSEs) are updating project standards and property insurance requirements to improve flexibility, reduce complexity and support sustainable homeownership. This update heightens scrutiny of homeowner associations’ financial health.

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About the writer: Prior to joining Illinois REALTORS® in 2022, Victoria (Vicki) Munson was an attorney in private practice focusing on real estate and estate planning matters. She enjoyed assisting buyers and sellers in bringing their transactions to the closing table. Victoria earned her bachelor’s degree from Western Illinois University and her Juris Doctor from The John Marshall Law School.

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