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Houses are surrounded by flood waters after Hurricane Delta passed through the area on Oct. 10, 2020 near Lake Charles, Louisiana.
Photo: Chandan Khanna (Getty Images)
There’s no question that flooding is becomingworse due to the climate crisis pushing up our sea levels and making heavy downpours more common. But the risk doesn’t affect us all equally. A report released by the real estate brokerage firm Redfin this week shows that formerly redlined areas are more vulnerable to the threat of floods.
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Redlining was a discriminatory lending practice in the 1930s, wherein house appraisers mapped cities for the federal Homeowners’ Loan Corporation with different colored lines to indicate how desirable areas were to live in. Neighborhoods deemed “best” or “still desirable” were marked with green and blue lines, respectively. Those considered “definitely declining” were marked in yellow, and zones declared “hazardous” overwhelmingly Black nei
Posted January 7th, 2021 for Ginnie Mae Contact: Douglas Robinson Published Date: 1/7/2021 4:40 AM Washington, D.C. Tamara Togans, Ginnie Mae’s Vice President of Enterprise Data Management will discuss the agency’s strategy for adoption of MISMO® data standards at the MISMO Winter Summit on January 13th. Adopting MISMO standards into Ginnie Mae’s single-family pool delivery dataset (PDD) is a top priority of the agency. MISMO adoption will expand upon Ginnie Mae mortgage-backed securities (MBS) modernization initiatives that increase agency efficiency, while reducing costs and complexity for Issuers participating in the government mortgage loan market. “These are exciting times at Ginnie Mae as we expand our focus on technology adoption, improved data management and design, and program innovation throughout the agency,” said Togans. “MISMO adoption in the single-family business is the late