From loan performance to home valuations, U.S. homeowners and residential real estate markets are already absorbing the costs of climate change and intensifying extreme weather.
That's according to a new analysis from Intercontinental Exchange Inc. (ICE), owner of the New York Stock Exchange and ICE Mortgage Technology, a mortgage servicing technology and data solutions provider.
“Climate risk and extreme weather events are already affecting mortgage performance and housing values in clear, measurable ways,” reads an ICE report published Wednesday.
Those impacts include delinquency spikes following extreme weather, prolonged nonpayment periods for loans facing high risk exposure from hurricanes and floods, and slower home price growth in fl...