Provident Funding Associates LLC, based in California, has made the decision to discontinue their condo lending business in Florida, according to an email sent to broker partners on Friday. The company announced that they will no longer be accepting new applications for condominiums starting immediately. This move will have implications for both brokers and clients in the real estate market.
Key points from the text include:
– Provident Funding Associates LLC, a California-based company, is exiting the Florida condo lending business.
– The decision was communicated to broker partners via email on Friday.
– The company will no longer accept new applications for condominium loans in Florida.
– Loans already in the pipeline must be locked in.
You can read this full article at: https://www.housingwire.com/articles/mortgage-lender-abandons-the-florida-condo-market/(subscription required)
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