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The Federal Housing Finance Agency (FHFA) which regulates mortgage giants Fannie Mae and Freddie Mac agreed they should avoid participating in the fledgling state and local energy home loan programs called Property Assessed Clean Energy or PACE. Fannie and Freddie have refused to participate in or approve refinancing of mortgages because the PACE loans are senior to the existing mortgage, posing significant risk to mortgage lenders and investors. Read the July 7, 2010 Wall Street Journal article here…Home-Efficiency Program Takes Hit

Posted by Tom Studebaker on July 8th, 2010 4:36 AM
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