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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Climate Change Threatens the 30-Year Mortgage

Climate Change Threatens the 30-Year Mortgage

CBS News reported last fall that climate change could punch a hole through the financial system by making 30-year home mortgages — the lifeblood of the American housing market — effectively unobtainable in entire regions across parts of the U.S. Recent reporting from the New York Times goes further to explain that homebuyers are increasingly […]

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