FHA to ease access to loans in unapproved condo complexes

What a windfall! Starting Oct. 15, individual borrowers will be able to get Federal Housing Administration-insured mortgages for condos in complexes lacking FHA certification.
Currently, the entire complex needs FHA approval before anyone in the development can get an FHA-backed loan, a policy that caused FHA condo loans to plummet over the past eight years.
Why is this such a big deal?
This means much more access to typically lower-priced starter residences.
This plan, initially appro