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Environmental

May 19, 2010

AG Demands Lenders' Backing

Attorney General Jerry Brown demanded Tuesday that mortgage underwriters Fannie Mae and Freddie Mac send a clear signal that they stand behind a popular state clean energy program that offers financing for homeowners.

By Fiona Smith

Daily Journal Staff Writer

Concerned that federal housing officials may undermine a popular state clean energy program, Attorney General Jerry Brown demanded Tuesday that mortgage underwriters Fannie Mae and Freddie Mac send a clear signal they stand behind the initiative.

Cities and counties in California have pioneered an effort to help overcome the high upfront cost of such measures as installing solar panels ...

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