[ad_1]
“Climate risk poses a serious threat to the US housing finance system,” the FHFA said in its press release. “Natural disaster events such as hurricanes, wildfires, and floods resulting from climate change present challenges for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System along with homeowners and renters.”
“FHFA looks forward to working toward a coordinated, whole-of-government approach for resilience and mitigation measures that increase the housing finance system’s ability to manage and respond to climate risks,” said Daniel Coates, deputy director for the Division of Research and Statistics and executive sponsor of FHFA’s climate risk efforts.
Want to keep up with the latest mortgage news? Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
[ad_2]
Source link
