Mosaic, a solar loan company filed for bankruptcy. I found this surprising, as data pointed to the loan company received commissions of 33 +/- percent off of every solar deal they sold. I supposed its officers were all making seven-eight figures annually. Maybe homeowners with solar loans aren't paying on their solar loan? This gets messier as Mosiac places a lien on every home they have a loan on. I'd love for the company to get liquidated, and the new owner of the loans offering settlements to pay off the loan. I suspect this will not happen, only way for these types of loans and lenders to negotiate is to default on the loan.
Mosaic is a San Francisco based company. Like all big companies going BK, they company bankruptcy judge shopped. Mosiac wants a Texas BK judge over a California BK judge.
Of note, I was required to assume a $47k USD solar loan when I purchased a home last year. Mosaic was the lender. I estimate the cost of the solar if one paid cash was in the $15k-20k USD area.
""On June 6, 2025, Mosaic filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
Your loan agreement remains enforceable and you should continue to make your payments as scheduled.
Please note that as part of Mosaic’s chapter 11 cases, Kroll will distribute standard court notices and mailings to different parties of interest as important milestones unfold. Since you are a Mosaic borrower, you are considered a party of interest. Attached you will find the first of those documents, the Notice of Commencement, which provides notice regarding the beginning of the chapter 11 process. You do not need to take any action upon receipt of this notice.
Throughout the Court-supervised process, Mosaic expects to remain fully operational without disruption, and the Company remains committed to servicing our customers. "'
