The mortgage giant said potentially relevant disclosure could cover “a property’s current flood zone designation, past property flooding events, and current flood insurance coverage on the home.”
HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges.
The growing threat from natural disasters like hurricanes and floods could leave U.S. taxpayers footing the bill for damage to properties battered by rising seas.
