FHA will no longer allow PACE obligations to remain on a property when the borrower is seeking FHA financing. HECMs are not affected.

Rule Synopsis: [tweet-start]FHA will no longer allow PACE obligations to remain on a property when the borrower is seeking FHA financing. HECMs are not affected.[tweet-end] Effective for all case numbers assigned on or after 30 days after the date of this Mortgagee Letter FHA will: no longer insure Title II Forward Mortgages loans on properties […]

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