Stephen Lacey
November 10, 2014
The Federal Housing Finance Agency, the government entity responsible for regulating America’s multi-trillion-dollar secondary mortgage market, is reportedly easing its opposition to local programs that allow homeowners to pay for renewable energy and efficiency retrofits through their property taxes.
That’s according to a report from Asset-Backed Alert, an industry publication that covers securities markets. The publication reports that the Federal Housing Finance Agency (FHFA) has reached deals with lenders that will permit Fannie Mae and Freddie Mac, the nation’s two biggest housing underwriters, to purchase mortgages for homes participating in property-assessed clean energy (PACE) programs. Learn more.