Mortgage Bankers Raise Challenges For Expected Climate Disclosure Rules

Even as they acknowledge potentially catastrophic threats from climate change for their industry, a key official from the mortgage banking sector, which faces significant exposure to climate risks, are flagging key challenges for firms to quantify such risks as federal regulators continue to develop mandatory disclosure requirements. “A lot of firms are saying, ‘OK, I know that we have to do something, we’re not clear on what the right thing to do is, tell us what to do and we’ll...