Seas Could Swamp Lenders.

National Mortgage News | April 16, 2007| | Copyright

How will rising sea levels affect real estate and lenders in North America? Inundation models and new research offer a sobering preview of scenarios that could make many coastal cities - and some inland towns - look a bit like New Orleans after Hurricane Katrina.

The real question isn't whether flooding will happen, it's how rapidly. Many climate scientists contend that warming and sea-level rise are accelerating faster than shown by "official" projections from the Intergovernmental Panel on Climate Change, the U.N. body charged with assessing the problem. The IPCC ...

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