News Update: Fannie Mae, Freddie Mac Resisting White House-Back Efforts For Energy Efficiency Loans

3/25/2010- Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) are resisting White House-backed efforts to make it easier for homeowners to get loans to make their houses more energy efficient, according to a Wall Street Journal report.

Under the program, homeowners would borrow money from their local government to put towards energy improvements. They would repay the loan over 15 to 20 years through a special assessment added to their property-tax bills.

It has raised concerns for both Fannie Mae and Freddie Mac over the problems that a first-lien loan could created.