HUD/FHA APPROVAL UPDATE
January 24, 2010
In November 2009, the Federal Housing Administration issued new requirements outlining their lending requirements for condominium associations. 
U.S. Approvals, a company that provides HUD/FHA and VA project review services published an updated summary of the requirements.
If you want to know why the housing market collapsed, which led to a world-wide recession and the new FHA restrictions, I recommend A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers by Lawrence G. McDonald. It is a riveting story.
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