CA A.G. Sues FHFA, Fannie, Freddie Over PACE Loans
July 21, 2010
California Attorney General Jerry Brown filed suit last week against Fannie Mae, Freddie Mac and their government conservator, the Federal Housing Finance Agency, after the two GSEs informed their seller/servicers that assessments associated with the Property Assessed Clean Energy program are loans that must be subordinate to their own mortgages. “As the nation struggles...