Several industry groups have recently expressed their support for new mortgage industry standards, highlighting the potential benefits for both residents and the environment. These groups have emphasized that the new standards will have a significant impact in several key areas, including cost savings, risk reduction, and sustainability efforts.

Key points from the text include:
– Industry groups have welcomed the new standards
– The standards are expected to save residents thousands of dollars
– They will also lower default risk for lenders
– The standards are seen as a way to combat climate change and promote sustainability efforts in the mortgage industry.

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