Released: December 14, 2017

FHA moves to stop insuring mortgages with PACE loans

Last year, several of the housing industry’s largest trade groups voiced concern over the Obama administration’s decision to allow the Federal Housing Administration to begin insuring mortgages that also carry liens created by the Property Assessed Clean Energy program, also called PACE.

The Trump administration reversed the Obama administration’s decision on PACE loans and said that FHA will stop insuring mortgages on homes that also carry PACE liens.

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