Quote of the Day

“The CFPB’s final rule is a significant step to protect consumers and reduce mortgage delinquencies by ensuring that consumers are both informed of the obligations they are signing up for when they take out a PACE loan and that they have the ability to repay the loan.”
–MBA and affiliated organizations in a joint statement in response to the CFPB’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.