Tag Archives: mortgage
In Focus: Green Mortgages
Americans, who make up only about 5 percent of the world’s population, consume approximately 26 percent of the energy consumed by the globe on an annual basis. As far as energy sources are concerned, this includes all of the sources that generate power like coal, oil, natural gas, and renewable alternatives. Based on the statistics, [...]
WOW: GM Loses $50K on Every Volt Produced
Despite selling a record number of Chevy Volts in August, General Motors is losing money on its plug-in electric hybrid, and a lot of money at that. Industry analysts estimate GM is losing as much as $49,000 on every Volt it produces. This number could be even higher with cheap leases now being offered for [...]
The Philippines Passes Renewable Energy FiT
In a historic day for renewable energy in The Philippines, the country approved a feed-in tariff (FiT) that convers small hydro, biomass, wind, and solar. It postponed including ocean energy for further study. The government previously announced the FiT for geothermal separately, in what it calls a “geothermal crash program.” It raised the rates to provide incentives to [...]
California Attorney General Sues Mortgage Entities Over PACE
California Attorney General EdmundG. Brown Jr. has filed a lawsuit against government-sponsored enterprises Fannie Mae and Freddie Mac for their actions taken againstproperty-assessed clean energy finance (PACE) programs in the U.S. "As the nation struggles through the worst recession in modern times,California is taking action in federal court to stop the regulatorystrangulation of the state’s [...]