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Housing industry's biggest trade groups push FHA to reconsider PACE rules

from Housing Wire

Recently, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the housing industry’s biggest trade groups are concerned with the details of the FHA’s new rules surrounding loans created by the Property Assessed Clean Energy program, also called PACE loans. more


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