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Congressional Budget Office: 'Flood Damage & Federally Backed Mortgages in Changing Climate'
November 16, 2023
WASHINGTON, Nov. 16 (TNSrep) -- The Congressional Budget Office issued the following report on Nov. 13, 2023, entitled "Flood Damage and Federally Backed Mortgages in a Changing Climate."

Here are excerpts:

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At a Glance

As the climate continues to change, flood damage to homes in the United States is expected to increase. Many of those homes have mortgages that are guaranteed by a government-sponsored enterprise or backed by the . . .

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