“At this time when our focus is very much on energy efficiency, Countrywide is pleased to offer homeowners a way to make cost-effective energy efficiency upgrades to their homes,” said Mark Kemp, executive vice president of Countrywide’s western division. “As a major lender in California and nationwide, we believe we can play a pivotal role in making homes more energy efficient and affordable. Energy Efficient Mortgages allow homeowners to improve their homes, preserve the environment, and maybe even keep a little money in their pockets.”
To take advantage of an EEM, consumers must have their home rated for energy efficiency by a state-certified Home Energy Rating System (HERS). The HERS report recommends the needed improvements and estimates the cost of the upgrades and projected annual savings in utility costs.
Publication date: 06/25/2001