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Fannie and Freddie, the Big Mortgage Backers, Face Climate Risks
7 December 2024 at 08:57
Fannie Mae and Freddie Mac, which backstop most U.S. mortgages, know floods and fires are a growing problem. But little action has been taken.
Damage remaining from Hurricane Ian in Fort Myers Beach, Fla., several months after the storm hit in the fall of 2022.
© Scott McIntyre for The New York Times
