Financial Stability

Financial Stability

Financial Stability refers to the ability of the Condominium Association to meet the Condominium Project’s needs in the future through positive cash flow and adequately funded reserves. Financial Hardship (applicable to Servicing only) Borrower’s ability to continue their Mortgage Payments as attested by the Borrower. Finding A Finding refers to a determination of defect by FHA, the Lender (for Title I), Mortgagee (for Title II), or other participants, as applicable.