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    Reserve Studies under the Fannie Mae/Freddie Mac Banking Regulations

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    February 20, 2026 San Juan, PR
    Date
    February 20, 2026
    Time
    8:00AM - 4:30PM (EST)
    Sponsor
    Puerto Rico and Caribbean Chapter
    Location
    Colegio de Ingenieros y Agrimensores de Puerto Ric
    Calle Antolin Nin Martinez
    San Juan, PR 00918
    Instructor
    Patricia Staebler, SRA, RS
    Full Price
    $150.00
    AI Price
    $125.00
    Enroll by February 20!
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    Classroom
    Topics:
    Continuing Education
    Reserve Studies under the Fannie Mae/Freddie Mac Banking Regulations
    Event Information 
     In June 2021, one of the Champlain Towers condominium buildings in the town     of Surfside, Florida, collapsed. Prior to any state legislation being drafted or debated, Fannie Mae and Freddie Mac issued revised condominium and cooperative lending guidelines. These federal banking guidelines significantly expanded documentation requirements, focusing on evidence of both the structural integrity of the building and the association's financial health. 
    As a result, states and territories that do not have statutory requirements addressing reserve studies, long-term capital planning, or insurance appraisals are now facing increased challenges in the condominium real estate market. With limited exceptions, loans for the purchase or refinancing of condominium or cooperative units must comply with Fannie Mae and Freddie Mac requirements, unless a buyer can secure financing from a portfolio lender that does not sell its mortgages on the secondary market. 
    With approximately 3,000 condominium associations in Puerto Rico, appraisers, lenders, insurance agents, and real estate professionals must understand these federal requirements and the professional tools needed to meet them. Chief among these are insurance replacement-cost appraisals and reserve studies, which have become essential instruments in supporting loan eligibility, underwriting, and transaction viability in the condominium sector.
    Course Description

    In the wake of increased scrutiny following the Champlain Towers collapse, the standards for condominium and cooperative financial health have shifted dramatically. This seminar provides a roadmap for navigating the stringent Project Eligibility Review processes mandated by Fannie Mae and Freddie Mac (the GSEs).

    This session is designed to move beyond basic budgeting, teaching attendees how to use Reserve Studies as a strategic tool to ensure loan eligibility and long-term structural viability.

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    Who Should Enroll
    Real Estate Appraisers and Bank Officials
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Start Date Expire Date State Code
    PR CE 7 Classroom 12/22/2025 12/31/2026 2025-1218-2132 (Puerto Rico and Caribbean Chapter)
    Course Materials & Recommended Books
    Laptop or Tablet
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 02/20/2026     		$150.00 $125.00
    Event Information 
     In June 2021, one of the Champlain Towers condominium buildings in the town     of Surfside, Florida, collapsed. Prior to any state legislation being drafted or debated, Fannie Mae and Freddie Mac issued revised condominium and cooperative lending guidelines. These federal banking guidelines significantly expanded documentation requirements, focusing on evidence of both the structural integrity of the building and the association's financial health. 
    As a result, states and territories that do not have statutory requirements addressing reserve studies, long-term capital planning, or insurance appraisals are now facing increased challenges in the condominium real estate market. With limited exceptions, loans for the purchase or refinancing of condominium or cooperative units must comply with Fannie Mae and Freddie Mac requirements, unless a buyer can secure financing from a portfolio lender that does not sell its mortgages on the secondary market. 
    With approximately 3,000 condominium associations in Puerto Rico, appraisers, lenders, insurance agents, and real estate professionals must understand these federal requirements and the professional tools needed to meet them. Chief among these are insurance replacement-cost appraisals and reserve studies, which have become essential instruments in supporting loan eligibility, underwriting, and transaction viability in the condominium sector.