Will Fannie and Freddie Screw Us Again?

Ed Wright at 09:31 2010-07-17 said:

Jeff… “Screw Us Again?” Shame on you, get real; your attitude is showing. PACE “Loans” are simply that, a loan. What is the value of used solar equipment? It adds little value to the actual appraised value of a home, so you think the tax payers should subsidize the sales of such?

Solar energy is a product that has short-changed the public for numerous years by making promises and only partially fulfilling such. Things are improving granted, and suddenly we are seeing the value in “Hot Air,” with the PACE program being just such a Obama sized value. Jeff; the requirement that PACE LOANs be superior to the primary financing for the home clearly puts the loan at higher risk… and removes the protection that the mortgage insurance provides the lender and note-holders. This formula was designed to help assure nobody gets screwed.

The fact that Solar Energy requires a tax subsidy to make it more salable, simply proves the value of the products you are promoting; why also penalize the note-holders, just so you can make a sale? Sounds like you might have been sitting in the sun a bit too long, or you sell over priced solar products. :idea: 8) Permalink

catherine at 01:31 2010-07-18 said:

AGAIN..............WHAT?? - SCREW US AGAIN.............it is happening as I write, that is what a 'blank check' means.....your assets are just being sucked into a government hole. Permalink