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  Goldwater Newsletter-GEM Blog  |  January 2016    



Driving High Performance Building with Private Capital Markets

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Final Logo.pngby Teresa Lopez, CEO Green Energy Money, January 11, 2016 


As we find ourselves in a new year, we are filled with new found hope and possibilities.  For those engaged in the high-performance building market, all of our pioneering efforts are being realized and a sustaining future is now possible. The best part is we don’t have to give up any modern convenience to create smart, sustainable communities and homes to meet the global demand of the 21st Century climate challenge.

We imagine a world where quality of life is embraced and we cultivate simplified, less consumptive lifestyles; and sustainable communities that endure for generations to come. A new lending culture is now possible where economic rewards, (i.e., lower interest rates, faster paybacks, green value premiums) are bestowed on those who reduce environmental impact and eliminate the need for more nuclear and coal fired plants to be built.  A world can exist where technological advancement replaces the need for wars to be fought over precious resources and we are all safe, secure and thriving.

In order to actualize this future world high-performance, sustainable building development needs to be deployed in mass and because we must become less dependent on fossil fuels.  Our current building infrastructure, including our utility grids, bridges and much of our existing buildings and residential neighborhoods need critical deployment.

Developers and builders are identifying the need to implement higher-performance building standards, especially since stricter building codes are being enforced; and government and private sector’s efforts now afford improvements for waste and energy reduction.

Economic advantages of lower energy usage and carbon emission for projects that produce as much energy as they are using, i.e., net-zero buildings, are still in infancy and slowly being adopted.  This emerging market can be slow and painful for many early adapter builders and consumers due to financial market constraints; lack of standards and lending incentives, education and training; and private capital investors that require higher quality collateral.


US HOUSING STARTS – Major Growth in the West and South Regions



The real estate and financial markets are gaining momentum in many regions around the country.  According to a Green Energy Money analysis conducted last year using US Consensus report statistics, the housing starts for new construction appear to be over 52% in the South (represents mostly Texas) and over 30% in the West (represents CA, WA, OR and CO). 

This means that building is booming in the Southern and Western regions.  In many of these regions small custom and production builders are ramping up and experiencing major growth, with new homes helping to shore up the low housing inventory in around the major cities of these regions.  




UPDATED: Congress passes $1.1T omnibus spending bill with solar, wind tax credit extensions

By Gavin Bade | December 18, 2015​

Dive Brief:

Comp_HERS PLugUPDATE: The Senate has passed the omnibus bill by a vote of 65-33, Reuters reports. Utility Dive's original post on the House vote follows. 

  • The U.S. House of Representatives has passed a $1.1 trillion spending bill that includes provisions to extend federal tax credits for wind and solar generation. After doubts arose last night that party leaders would not be able to muster the votes for the package, House lawmakers voted Friday morning 316-113 to approve the bill.

  •  According to Green-Tech Media, “The ITC extension currently written into the omnibus spending bill will result in a 20-gigawatt annual solar market in the U.S. by 2020.


New rules to protect home buyers starting to add delays and costs 

By Daniel Goldstein   Published: Dec 22, 2015 1:35 p.m. ET

TRID blamed for double-digit plunge in existing-home sales in November

Comp_green homeFor some home lenders and borrowers, the 2015 holiday season hasn’t been so jolly, as federal home loan disclosure rules designed to give borrowers more time to review documents are having the unintended effect of increasing closing times for some home loans and socking some borrowers with higher lending fees.

“The new rules are the reason I drink,” said Joe Parsons, a senior loan officer at mortgage lender PFS Funding in Dublin, Calif. Parsons said because the new federal home disclosure rules are now extending closings by a week or more, some of his clients have to pay extra to lock in the interest rate on their home loans for 45 or even 60 days,

instead of the typical 30-day period that it takes to close a loan. On Tuesday, the National Association of Realtors reported that sales of existing homes plunged 10.5% in November, the slowest in 19 months, to a season-adjusted rate of 4.76 million, down 3.8% from a year ago. NAR Chief Economist Lawrence Yun said much of the decline was due to new regulations that are lengthening the time to closing, increasing the average time to 41 days from 36 days, and pushing a great deal of sales activity into December.


December 18, 2015, the President signed legislation that renews the tax deductibility of mortgage insurance (MI) premiums for qualified borrowers through 2016?

The deductibility is effective for purchase and refinance transactions closed after December 31, 2014. MI premiums paid or accrued after December 31, 2014 and through December 31, 2016 may qualify for tax deductibility on borrowers' subsequent federal tax returns as follows:

  • Borrowers with adjusted gross incomes below $100,000 may deduct 100% of their MI premiums.
  • For borrowers with adjusted gross incomes from $100,000.01 to $110,000, deductions are phased out at 10% increments for each additional $1,000 of adjusted gross household income.

Plus, most MI companies offers borrowers low monthly payments, 3% down payments, and cancellable premiums. Now add in tax deductibility of MI premiums and it's clear - a conventional loan is a much better alternative to an FHA. 

Copyright © Green Energy Money, Inc. All rights reserved.

Equal opportunity lender

This is not an advertisement to extend consumer credit as defined in Regulation Z 226.2.  All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Goldwater Mortgage, A Division of Goldwater Bank, N.A, Corporate NMLS# 452955 (formally Weststar Mortgage Corporation), 7200 N. Mopac Expwy., Suite 165, Austin, TX 78731  (512) 343-2345


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