The Federal Housing Administration will stop insuring new mortgages on homes with PACE loans, a type of controversial financing used to fund energy-efficient home improvements. The announcement Thursday follows criticism from consumer groups that too many borrowers have taken out unaffordable loans...

BING NEWS:
  • Here’s why the FHA has stopped lending on homes with energy-efficient PACE liens
    Now, we’ve heard that the FHA will no longer insure mortgages that have a PACE assessment. So, where does that leave us? Are we going to have to refinance our current FHA mortgage with a non-FHA lender? ANSWER: Don’t worry. Although the federal ...
    12/29/2017 - 12:11 am | View Link
  • FHA to Cease Insuring Mortgages With PACE Loans
    The Federal Housing Administration (FHA) is ceasing to insure mortgages on homes participating in the Property Assessed Clean Energy (PACE) program ... “FHA can no longer tolerate putting taxpayers at risk by allowing obligations like these to be ...
    12/12/2017 - 3:02 am | View Link
  • PACENation Disappointed with FHA Policy Reversal By HUD
    and will no longer insure mortgages for homes with Property Assessed Clean Energy (PACE) assessments. The new guidance is set to go into effect on January 6, 2018. PACENation finds it disappointing that HUD has made a determination that will eliminate one ...
    12/11/2017 - 9:33 pm | View Link
  • FHA to Halt Insuring Mortgages on Homes With Pace Assessments
    today announced it is reversing a short-lived policy announced in July of 2016 and will no longer insure new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. Read FHA's mortgagee letter (https://www.hud.gov/sites ...
    12/7/2017 - 7:53 pm | View Link
  • FHA to no longer insure new mortgages with PACE loans
    The Federal Housing Administration will stop insuring new mortgages on homes with PACE loans, a type of controversial financing used to fund energy-efficient home improvements. The announcement Thursday follows criticism from consumer groups that too many ...
    12/7/2017 - 11:26 am | View Link
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