Federal Housing Finance Agency

TWO PACE COMPANIES DOMINATE CALIFORNIA'S HEADLINES

 

Originally Published in the ECOreport

By Roy L Hales

November 26, 2014 (San Diego)--It has been nine months since California approved a $10 million reserve fund, to reimburse mortgage holders if homeowners with Property Assessed Clean Energy (PACE) default. (The residential program has been moving in slow motion since 2010, when, concerned about the priority PACE loans had over mortgages, the Federal Housing Finance Agency ordered the government-sponsored enterprises to not underwrite mortgages for homes with PACE loans.)


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FEDERAL GOVERNMENT SUES BIG BANKS TO RECOVER TAXPAYER LOSSES RE: FANNIE MAE & FREDDIE MAC


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.