NEWS FLASH

Banks Denying Mortgages On Properties Leased For Natural Gas Drilling | Because of the environmental risks associated with natural gas drilling, the New York Times reports that some banks and credit unions are becoming wary of providing mortgages on properties leased for natural gas drilling. Over the last 10 years, Americans have signed more than 1 million leases allowing natural gas companies to drill on their land. At least eight national and local banks do not typically issues mortgages on properties that lease to natural gas companies, and one credit union in New York has started requiring gas companies to pay for any damage incurred that could devalue the property.