FHFA Takes Tough Stand Against Green Home Finance Program

Law360, New York (June 14, 2012, 7:14 PM EDT) -- The Federal Housing Finance Agency, which runs Fannie Mae and Freddie Mac, is pushing forward with a controversial proposal not to back mortgages for homeowners who use government funding to retrofit their homes for energy efficiency, the agency said Thursday.

The proposed policy, set to be published in the Federal Register on Friday, would prevent the twin mortgage finance giants from purchasing loans involved in the Property Assessed Clean Energy program and would encourage Fannie and Freddie to prevent existing customers from acquiring PACE funds....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

People of the State of California, ex rel. et al v. Federal Housing Finance Agency et al


Case Number

4:10-cv-03084

Court

California Northern

Nature of Suit

Environmental Matters

Judge

Claudia Wilken

Date Filed

July 14, 2010


Case Title

County of Sonoma v. Federal Housing Finance Agency et al


Case Number

4:10-cv-03270

Court

California Northern

Nature of Suit

Other Statutory Actions

Judge

Claudia Wilken

Date Filed

July 26, 2010

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.