FHA Announces New Loan Limits for 2018, Blocks PACE Loans
The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2018, the agency said today.
Browsing: PACE loans
Carson Signals FHA Policy Shift on PACE Loans
Housing and Urban Development Secretary Ben Carson signaled today that the administration may revisit an Obama-era policy on Property Assessed Clean Energy, or PACE, loans, a controversial financial product that allows homeowners to pay for energy-efficient retrofitting — such as solar panels and high-efficiency air conditioners — through their property tax assessments.
ABA, Trades Support Bills Targeting PACE Loans
More than two dozen financial and housing trade associations, including ABA, wrote to House and Senate lawmakers today expressing support for legislation to require more consumer disclosures for Property Assessed Clean Energy loans.
Lawmakers Introduce ABA-Backed Bills Targeting PACE Loans
Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.) and John Boozman (R-Ark.) and Reps. Brad Sherman (D-Calif.) and Ed Royce (R-Calif.) today introduced ABA-supported legislation requiring more consumer disclosures for Property Assessed Clean Energy loans, a controversial financial product that allows homeowners to pay for energy-efficient retrofitting — such as solar panels and high-efficiency air conditioners — through their property tax assessments.
DOE Releases Updated PACE Loan Guidelines
The Department of Energy today released new best practices guidelines for residential Property-Assessed Clean Energy mortgages, which provide homeowners a way to have their homes undergo energy-efficient retrofitting financed through property tax assessments.
Trades Urge HUD, VA to Allow Comment on PACE Guidance
ABA and several trade groups wrote to the Department of Housing and Urban Development and the Department of Veterans affairs yesterday regarding recently issued guidance on Property Assessed Clean Energy loans, which provide homeowners a way to have their homes undergo energy-efficient retrofitting financed through property tax assessments. The groups urged the departments to suspend