Assessing GSE Mortgage Portfolios’ Exposure to Past and Future Flood Risk

Abstract: This article evaluates the exposure of government-sponsored enterprises' (GSEs) mortgage portfolios to flood risks as projected by the First Street Foundation and analyzes the realized impact of Hurricane Irma on mortgage defaults. The analysis leverages extensive GSE data spanning from 1999 to 2023 and utilizes risk projections through 2050 to provide a comprehensive view of both potential future risks and actual past outcomes.

Keywords: government-sponsored enterprises; mortgage market; disaster risk;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2024-07-10

Volume: 24

Issue: 22