Fannie and Freddie Now Required to Factor in Climate Change Risks

The Federal Housing Finance Agency (FHFA) acting Director Sandra Thompson says the FHFA is stepping up its monitoring and supervision of climate change issues. Fannie Mae and Freddie Mac’s federal regulator has also put executives at the mortgage giants on official notice that they’re now expected to factor the financial risks posed by climate change into their decision-making. According to Director Thompson, “Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Bank System – have an important leadership role to play in addressing this issue.”

Read More – Inman Article

Read More – FHFA Official Statement