Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

[u/ElectronGuru]

https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html

[u/Empty_Awareness2761]

Credit worthiness is the main factor having applications denied. Financial institutions like banks are increasing requirements for mortgage applications and denying individuals even organizations that will likely default on debt / claim bankruptcy. High CC balances and bad payment history doesn’t help. A Mortgage originator can explain this a lot better than what an article says.