$12.7 trillion in US homes face severe climate risks
Data shows threats from flooding, hurricane winds and wildfires increasingly reshaping housing markets and insurance availability.
FEMA
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Tech startup offering AI-driven property level risk modeling
Instead of relying on zip code-based risk maps and subjective human judgment, FutureProof’s algorithm analyzes property-specific details.
Study suggests banks are avoiding mortgages in California wildfire zones
The study is awaiting peer review, but it suggests fintech lenders could be taking market share from traditional lenders in riskier areas.
Over 400K mortgages may be underinsured for flood risk: CFPB
The CFPB found that hundreds of thousands of mortgaged properties in the southeast and central southwest alone may be underinsured.
As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts
Los Angeles County has the highest concentration of HECM borrowers in the country, and the industry is moving to respond.