The surprising factor that’s driving up home-foreclosure rates - MarketWatch
1. Colin Lamprey faced severe home flooding, leading to costly repairs and bankruptcy. 2. Foreclosure risk is rising due to climate change impacts on the housing market. 3. Lenders may lose billions from weather-related mortgage foreclosures according to First Street. 4. Insurance premiums have surged, influencing borrower delinquency and foreclosure rates. 5. One in seven U.S. homes remain uninsured against flood risk impacting financial stability.