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Home » Store » News » CA A.G. Sues FHFA, Fannie, Freddie Over PACE Loans

CA A.G. Sues FHFA, Fannie, Freddie Over PACE Loans

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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...
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