From: Milstein Center Fannie Mae and Freddie Mac don’t factor climate change into rates. More frequent floods, hurricanes and wildfires raise systemic default risk. Mentioned Faculty Stijn Van Nieuwerburgh Earle W. Kazis and Benjamin Schore Professor of Real Estate Finance Division Earle W. Kazis and Benjamin Schore Professor of Real Estate Paul Milstein Center for Real Estate Co-Director Paul Milstein Center for Real Estate Parinitha Sastry Assistant Professor of Business Finance Division