Borrowed Time: Climate Change Threatens U.S. Mortgage Market – Politico
Credit: AP Photo/David J. Phillip, File.
Article Synopsis – As the government backs a growing number of mortgages on homes in the path of floods, fires and extreme weather, taxpayers could lose billions of dollars from climate-related property damage. On top of the growing risk, fewer homeowners are purchasing flood insurance and the National Flood Insurance Program is insolvent. To read the actual article click here.