Fannie and Freddie Mortgages Vastly Underestimate Flooding Risks

Fannie and Freddie Mortgages Vastly Underestimate Flooding Risks

Climate-induced flooding has inundated coastal cities, yet new reporting from Politico shows that government mortgage lenders like Fannie Mae and Freddie Mac continue to pump money into severely flood-prone property markets.  As such in the Florida town of Hialeah, federal taxpayers hold greater than 60% of home mortgages. And as Politico explained, “if the homes […]

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