Obama Wants Underwriting to Reflect Energy Savings

Published June 28, 2013, 12:01 p.m. EDT

Updated June 28, 2013, 12:06 p.m. EDT

1 Min Read

President Obama’s climate change initiative is aimed at reducing household energy consumption and may impact underwriting standards on mortgages.

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The White House wants the Federal Housing Administration to hold a roundtable with lenders and “key stakeholders” in the housing industry this summer.

The objective will be to “identify options for factoring energy efficiency into the mortgage underwriting and appraisal process upon the sale or refinancing of new and existing homes,” according to the “President’s Climate Action Plan” that was released on June 25.

The White House wants FHA to hold the roundtable in July. So far, HUD has not responded to inquiries about the timing or location of this event.

Brian Collins

Reporter

Brian Collins covers the housing and mortgage market, including the Federal Housing Administration and the Department of Housing and Urban... Read full bio

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