24 Oct '11, 1pm

How the SAVE Act Would Save New Homeowners: Energy efficiency would be considered as part of many mortgages, und...

October 24, 2011 at 9:07AM by JIm DiPeso | comment Who says Congress can't generate good ideas and get good stuff done anymore? Well, lots of well informed people do. Lest we get too jaded, however, another gem of an energy efficiency bill has been dropped into the hopper. It has bipartisan sponsorship, it will reward frugal homeowners, it will reduce pollution, and it won't expand government. It won't cure the common cold, but it will benefit the country. The details... Senators Johnny Isakson, Georgia Republican, and Michael Bennet, Colorado Democrat, have introduced the SAVE Act, which would order the Department of Housing and Urban Development to account for home energy costs in underwriting and appraisal guidelines used by federal entities—e.g., Fannie, Freddie, and FHA—that back home loans. Those guidelines likely would set a standard for the private mortgage lending...

Full article: http://www.thedailygreen.com/environmental-news/blogs/rep...

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