The Federal Housing Administration (FHA) released lender guidance spelling out the circumstances under which it will insure mortgages on properties encumbered by Property Assessed Clean Energy liens similar to tax assessments.

PACE financing has been a point of contention between mortgage lenders and the municipalities and private companies that make them. Both kinds of lenders have claim on the same collateral — the borrower's homes.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.