A conservative Senator from Georgia teams up with a green one from Colorado to require that FannieMae consider home energy efficiency in setting mortgage rates?
According to Environment and Energy Daily:
Sens. Michael Bennet (D-Colo.) and Johnny Isakson (R-Ga.) will introduce a bipartisan bill that would adjust the mortgage underwriting process to consider energy costs.
The “Sensible Accounting to Value Energy Act” would require federal loan agencies to include projected energy costs when financing a house, essentially offering better mortgage values on properties that are more energy efficient. The bill, supporters say, could offer savings of hundreds of dollars to homeowners with almost no cost to taxpayers.
First, energy efficiency through legislation is a Trojan Horse for the green goal of energy rationing.
Next, Bennett is married to the former Susan Daggett, who used to work for the Earthjustice Legal Defense Fund and the Sierra Club Legal Defense Fund. She currently serves on the Board of Trustees and as Policy Committee Chair for The Nature Conservancy of Colorado and is also a member of Greenprint Denver, an initiative of the Denver Mayor’s Office to promote the importance of sustainable development and ecologically-friendly practices.
Finally, FannieMae, FreddieMac and the rest of the federal mortgage complex is incompetent and corrupt has already been well demonstrated.
What is Isakson thinking? Ask him.