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Loan Modification
: Mortgage Lender Implode-o-MeterLoan Giants Threaten Energy-Efficiency Programs
By Implode-Explode Heavy Industries
The Obama administration is devoting $150 million in stimulus money for programs that help homeowners install solar panels and other energy improvements, which they pay for over time on their property tax bills, Todd Woody reports in The New York Times.
At the same time, the two government-chartered agencies that buy and resell most home mortgages are threatening to derail the effort by warning that they might not accept loans for homes that take advantage of the special financing.
Full post as published by Mortgage Lender Implode-o-Meter on July 01, 2010 (boomark / email).
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