Membership INFO and Members ONLY link
FLTA General FAQ's
US Supreme Court Backs Housing Discrimination Lawsuits
Obamacare subsidies preserved in US Supreme Court ruling
Supreme Court Rules Same-Sex Marriage Legal in 50 States
DATA CALL Info & Resources
FAQs for Agents
Data Call Information
Affiliates and Vendors
Join a Committee
Certified Land-Title Institute (CLT)
Back to topics
Federal Court order PACE program re-evaluation
Show latest replies on top
Subscribe to topic
04/06/2012 1:13 PM
A federal court in California has ordered the regulator for Fannie/Freddie to re-evaluate its prohibition on holding mortgages on or insuring properties encumbered by a PACE loan for clean energy improvements.
Many of you will recall that Florida adopted enabling legislation to allow local governments to make loans for clean energy and efficiency improvements to homes and then collect those loans through an assessment on the tax bill. Since these loans take priority over existing mortgages, the lenders were understandably concerned and the regulator restricted Fannie/Freddie's handling of encumbered properties. As a result, we have seen few local governments in Florida implement the loan program at all.
But depending on the outcome of the review described in
, we may have to learn more about PACE.
Back to top
© 2011-2013 Florida Land Title Association
Member management site supported by
St. Petersburg, FL