Are Some Homebuyers Strategically Transferring Climate Risks to Lenders?

Toan Phan

Richmond Fed Economic Brief, 2022, vol. 22, issue 14

Abstract: Recent empirical research suggests that certain homebuyers may be strategically transferring climate risks to banks via the mortgage market, and banks may be transferring such risks to government-sponsored enterprises via securitization. The evidence highlights the nuanced ways in which participants in the financial markets strategically adapt to climate change.

Keywords: mortgage; climate change; lenders; risk (search for similar items in EconPapers)
Date: 2022
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