Despite industry and congressional pressure, Housing Secretary Julian Castro is taking a cautious approach to relaxing Federal Housing Administration condominium rules.

Department of Housing and Urban Development staff are working on a revision to the agency's condo rule and "we anticipate a rulemaking process," the HUD secretary said Monday evening at a housing event co-sponsored by George Washington University and Realtor.com. "Hopefully that will make a positive contribution to homeownership."

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