Citing Climate Risk, Investors Bet Against Mortgage Market – Reuters
Article Synopsis – A small but growing number of investors are becoming concerned that residential mortgage-backed securities (RMBS) are not pricing in the risks of climate change. FEMA will be releasing a new report Oct. 1st, 2020 that re-rates flood risks. These investors are expecting the report to result in significant insurance cost increases that could lead to a volatile housing market. To read the actual article click here.