Private equity and the rapid pace of change in legal technology
ABA Journal Daily News
RENOVATE AMERICAovate America Welcomes Kroll Analysis of PACE Market
Renovate America, the nation's largest provider of Property Assessed Clean Energy financing, today welcomed a new analysis by Kroll Bond Rating Agency that identifies several positive developments in the PACE industry and says concerns about foreclosures on properties with PACE assessments “may be overstated.” Kroll, which has rated the senior tranches of all 22 public […]
Renew Financial builds Sunshine State exposure in its next PACE deal
Renew Financial's next securitization of property assessed clean-energy financing features higher exposure to Florida, where it has not been operating as long as it has in California. In the $ 147.3 million Renew 2018-1 transaction is backed by bonds secured in turn by financing for energy and water efficiency upgrades on residences in both the […]
Democratic report criticizes ‘breakneck pace’ of judicial confirmations, lack of diversity
ABA Journal Daily News
Homeowners sue L.A. County, lenders over PACE loans
Attorneys for a group of homeowners on April 11 sued Los Angeles County and two financial providers that the plaintiffs allege saddled them with loans for environmentally friendly home improvements that they cannot afford to repay. The twin lawsuits, filed in Los Angeles County Superior Court, also name Renovate America and Renew Financial, which partner […]
California Lenders Sued Over PACE Financing
Los Angeles County and two lenders have been sued on claims that homeowners who took out PACE loans to finance energy upgrades now fear they will lose their homes. Los Angeles County and two private lending partners have been sued by attorneys representing homeowners who say they were talked into taking out loans for energy […]
Pace law dean steps down, evades questions on whether the move was voluntary
ABA Journal Daily News
Herea s why the FHA has stopped lending on homes with energy-efficient PACE liens
We bought our home in 2015 with a Federal Housing Administration loan, and then added a new solar-panel system and made some other energy-saving improvements with a PACE loan earlier this year. Now, we've heard that the FHA will no longer insure mortgages that have a PACE assessment. Foreclosure News
Homes Are Getting Snapped Up at the Fastest Pace in 30 Years
Here's more evidence that the defining characteristic of the U.S. housing market is a shortage of inventory for sale: Homes are sitting on the market for the shortest time in 30 years, according to an annual The typical home spent just three weeks on the market, according to the report, which focused on about 8,000 homebuyers […]
Legislature passes bills to reform PACE energy-efficiency loan program
Workers install solar panels on a roof. Lawmakers this week approved more consumer protections for PACE loans, which pay for energy-efficient home improvements, after some borrowers said they didn't understand what they were getting into. Foreclosure News