Just saw this remarkable quote:
“We cannot change the fact that in Florida we have hurricanes, so we shouldn’t be penalized for it. This is why we have the federal government.”
--Orlando Diaz, president of the Florida Association of Mortgage Professionals
!
from:
Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost Taxpayers Billions.
(shared, I hope)
#climatechange #climatecrisis #hurricane #sealevelrise
Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost Taxpayers Billions. (Published 2024)
Fannie Mae and Freddie Mac, which backstop most U.S. mortgages, know floods and fires are a growing problem. But little action has been taken.
