The Federal Housing Finance Agency (FHFA) is holding a Multifamily Insurance Symposium from 10 a.m. to 4 p.m. ET today, March 13. Register to attend virtually here. The goal of the symposium is to discuss creative ideas to address the evolving insurance landscape, particularly where Fannie Mae and Freddie Mac can help to bring about these solutions by working directly with stakeholders.
Separately, the Treasury Department announced a new initiative to study the impact of rising insurance costs on housing. In the blog post, Deputy Secretary Wally Adeyemo notes Treasury currently lacks data about which areas of the country are hardest hit by insurance cost volatility and the extent to which insurers are pulling back from some markets. Treasury will look at insurance issues faced by both homeowners and multifamily rental housing and coordinate its work with state insurance regulators.
