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Mortgage Lenders Face Climate Risk. Why It Might Be Worse Than Insurers.

Por: MarketWatch Business September 16, 2023

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When natural catastrophes hit, insurance payouts . Homeowners could have difficulties making mortgage payments, especially as high insurance costs further strain their bank accounts. In extreme cases, the damaged properties might not recover at all. But such risks aren’t incorporated in mortgage pricing. “If you are underwriting a 30-year loan on a property at the Outer Banks of North Carolina, which will likely be washed into the ocean in... + full article



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