2010-07-12 — mortgageorb.com
Last week, the Federal Housing Finance Agency publicly expressed concern about PACE loans and directed Fannie Mae, Freddie Mac and the Federal Home Loan Banks to take action to protect the safety and soundness of their operations. MBA has warned that PACE loans could limit a consumer's financial choices, stating that the current structure of the PACE program presents "a number of obstacles to responsible mortgage lending."
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