FHFA Issues Order Requiring Fannie, Freddie To ‘Prioritize’ Climate Risks

January 7, 2022
The regulatory agency overseeing Fannie Mae and Freddie Mac, the two primary federally backed mortgage giants, is for the first time requiring that the government-sponsored enterprises (GSEs) “prioritize the effects of climate change” in their decisions, though questions remain about how officials plan to implement the new requirement. The directive comes in a recent “scorecard” from the Federal Housing Finance Agency (FHFA) outlining priorities for Fannie and Freddie -- which the agency refers to as “the Enterprises” due to their...

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