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Climate risk

A Warmer World

He assesses climate risk on the housing market, and he wants your attention

by Amy Scott and Aleezeh Hasan
Jun 12, 2024
As people become more aware of living in vulnerable areas, home prices will gradually reflect that risk, says Tim Judge of Fannie Mae.
"We do need every state to have flood disclosures," says Fannie Mae's Tim Judge. Above, water from a flash flood surrounds a home in Thermal, California, after a monsoonal thunderstorm in September.
David McNew/Getty Images
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The government is buying up mortgages with climate risk — report

by Justin Ho
Sep 30, 2019
A new report says banks are selling mortgages at risk of natural disaster-related default to government-backed mortgage giants.
A man carries an American flag he found as he walks on the foundations of homes demolished by hurricane Michael in October 2018 in Mexico Beach, Florida.
Joe Raedle/Getty Images
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