According to experts, a PACE loan's first-lien status can cause issues with a lender's or investor's security interest if the borrower defaults
Read More »FHFA: PACE Loans a Threat to GSEs?
The FHFA's request for input is examining the challenges PACE loans may present toward Fannie Mae and Freddie Mac when it comes to first-lien priority.
Read More »PACE Financing Risks—A Fresh Look
Property Assessed Clean Energy financing has so far allowed more than 220,000 homeowners to make “green” improvements to their properties. A new report takes a closer look at whether PACE could impact increased chances of tax foreclosures.
Read More »The Past and Future of PACE
By T. Robert Finlay, Founding Partner, Wright, Finlay & Zak and Sonia Edwards, Senior Associate, Wright, Finlay & Zak, California With global warming and other environmental issues at the forefront of national policy, the creation of programs to finance energy-efficient improvements ...
Read More »Dodd-Frank Rollback to Impact PACE ABS Market
An analysis of the Dodd-Frank Act modifications by Moody’s has found that the amendment to the federal Truth in Lending Act (TILA) passed by the U.S. Senate last week will help clarify certain federal consumer protection responsibilities for participants in ...
Read More »Veros VeroPACE Will Help PACE Lenders With Compliance
Veros Real Estate Solutions (Veros), a Santa Ana, California-based provider of data, analytics, and technology for the mortgage banking industry, has developed a solution for lenders specializing in PACE (Property Assessed Clean Energy) loans in the state of California, where new ...
Read More »Jerry Brown Calls Out GSEs
Recently Governor Jerry Brown of California spoke during a White House conference call to reporters on his frustrations with Fannie Mae and Freddie Mac and their reservations on promoting the federal loan program for home energy and improvements.
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