Several industry groups are pressuring the Federal Housing Finance Agency (FHFA) to implement updated standards to combat the challenges posed by climate change and the increasing cost of housing. This call to action comes as experts warn of the growing risks associated with environmental factors and affordability issues in the housing market. The groups are advocating for proactive measures to mitigate these threats and ensure a stable and sustainable mortgage industry moving forward.
Key points:
– Industry groups are urging FHFA to adopt updated standards
– The focus is on addressing threats related to climate change and rising housing costs
– Experts are warning of the risks associated with environmental factors and affordability issues
– The goal is to implement proactive measures to ensure a stable and sustainable mortgage industry
You can read this full article at: https://www.housingwire.com/articles/consumer-groups-urge-fhfa-to-update-climate-standards-for-gse-backed-homes/(subscription required)
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