Amalgamated buys loan portfolio tied to energy efficiency projects
The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.
By
Hilary Burns
Energy industry
Fitch expects oil & gas companies to tap securitization market
The rating agency has developed rating criteria for bonds backed by oil and gas royalties, though such deals would be capped at the 'A' rating category.
PACE loans take a hit on their home turf
Property Assessed Clean Energy loans can no longer be offered in unincorporated areas of Kern County, Calif. The controversial loans, meant to promote energy efficiency, began in California and are now offered in a number of states.
