Monday, February 27, 2017

Morningstar Reaffirms PACE

The report makes it very clear that PACE is not a mortgage, and it needs to be considered with different metrics. Though major PACE programs collect FICO scores, their key consideration is the lien-to-value ratio. This is because “PACE lending is tied to the asset and not to the creditworthiness of the property owner.”

Morningstar Reaffirms PACE was originally published on CleanTechnica.

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Morningstar Reaffirms PACE syndicated from Clean Technica

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