- Consultant Leanne Tobias of Malachite LLC says it is unreasonable for the Federal Housing Finance Agency to insist in a rule-making process on having hard data from an effort that is in its infancy.
- FHFA wants built-in insurance protection for Fannie Mae and Freddie Mac or strict borrowing standards before a borrower can participate in a property-assessed clean-energy (PACE) program.
- FHFA objects to Fannie or Freddie being involved in deals in which local governments or other lenders hold first liens for loans given to install energy-efficiency measures.
From the article:
The long-awaited notice of proposed rulemaking on PACE (property assessed clean energy) financing by Fannie Mae and Freddie Mac was released by the Federal Housing Finance Agency (FHFA) on June 15. The results are disappointing and consistent with FHFA’s narrow view of its responsibilities at the helm of secondary mortgage financing giants Fannie Mae and Freddie Mac.
