Rachel McMullin's Blog (1)

Update on PACE funding

The FHFA just issued a white paper saying that they are instructing Fannie Mae, Freddie Mac, etc. to tighten their grip on any loans that have a PACE lien on them. Link to FHFA Statement below. At heart is the

issue that these lending institutions are concerned about PACE liens having

first priority over the mortgage. Many feel that this will have a significant

chilling effect on PACE. Nationally, a…

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Added by Rachel McMullin on July 7, 2010 at 2:50pm — 1 Comment

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