How the mortgage industry is adapting to climate change – National Mortgage News

The impact of climate change on one of the basic necessities of life — the homes we live in — is rippling through the mortgage industry. Government action in the shape of the Inflation Reduction Act is putting a response to climate change firmly on the agenda, while industry professionals say the time for a proactive approach is now.
For more on these and other stories on how the mortgage industry is addressing climate change, read our roundup below.
A panel discussion with executives from Boston Consulting Group reinforced the view that regulators will allow the deal to proceed, Keefe, Bruyette and Woods said.
An extension would give the companies an additional six months beyond a current March deadline to complete the transaction.
Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.
Some of the employees impacted are from recently acquired SimpleNexus
The action fulfills a promise made previously by the Department of Housing and Urban Development to add an overarching framework for maintaining equitable practices.
The Federal Reserve’s focus on what’s happening in the labor market makes an economic downturn likely, but many watching the markets expect a policy easing in the second half of the year and growth following that.
The main focus for IT departments going forward is finding solutions that will beef up volume, while shrinking expenses.

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