Climate change is a serious threat to the US housing finance system. That is the conclusion reached by the Federal Housing Finance Agency (“FHFA”) in a December 27th statement. In the statement, Acting FHFA Director Sandra L. Thompson recognizes that Fannie Mae, Freddie Mac, and the Federal Home Loan Banks have an important leadership role in addressing that threat, and the agency is instructing those entities to designate climate change as a priority concern and actively consider its impacts in decision making.
FHFA Releases Statement on Climate Change
