Fannie Mae Freddie Mac And The Federal Role In The Secondary Mortgage Market
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Author |
: Deborah Lucas |
Publisher |
: DIANE Publishing |
Total Pages |
: 77 |
Release |
: 2011-05 |
ISBN-10 |
: 9781437944570 |
ISBN-13 |
: 1437944574 |
Rating |
: 4/5 (70 Downloads) |
Synopsis Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market by : Deborah Lucas
In September 2008, the fed. gov¿t. assumed control of Fannie Mae and Freddie Mac (FM/FM), two federally chartered institutions that last year guaranteed three-quarters of new residential mortgages originated in the U.S. This study examines various alternatives for the fed. gov¿t¿s. future role in the secondary (resale) market for residential mortgages. Contents: Overview of FM/FM, and the Secondary Mortgage Market; Possible Rationales for a Fed. Role in the Secondary Mortgage Market; Weaknesses of the Pre-crisis Model for FM/FM; Alternative Approaches for the Future of the Secondary Mortgage Market; History of the Secondary Mortgage Market; The Fed. Home Loan Banks. Charts and tables. A print on demand report.
Author |
: Deborah Lucas |
Publisher |
: Government Printing Office |
Total Pages |
: 80 |
Release |
: 2010 |
ISBN-10 |
: UCSD:31822037818036 |
ISBN-13 |
: |
Rating |
: 4/5 (36 Downloads) |
Synopsis Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market by : Deborah Lucas
Author |
: Congressional Office |
Publisher |
: |
Total Pages |
: 80 |
Release |
: 2011-12-24 |
ISBN-10 |
: 1468098284 |
ISBN-13 |
: 9781468098280 |
Rating |
: 4/5 (84 Downloads) |
Synopsis Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market by : Congressional Office
As it traces the evolution and collapse of government-sponsored enterprises Fannie Mae and Freddie Mac, the Congressional Budget Office analyzes the arguments justifying Federal involvement in the secondary mortgage market and identifies the structural weaknesses that led to the failure of these institutions.
Author |
: Alfred T. Francis |
Publisher |
: Nova Science Publishers |
Total Pages |
: 0 |
Release |
: 2012 |
ISBN-10 |
: 1621008614 |
ISBN-13 |
: 9781621008613 |
Rating |
: 4/5 (14 Downloads) |
Synopsis Mortgage Reform and the Federal Role in the Secondary Mortgage Market by : Alfred T. Francis
The federal government assumed control of the ailing Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) in 2008, two institutions that facilitate the flow of funding for home loans nationwide. The cost to taxpayers of that takeover, and the structural weaknesses that contributed to the institutions' financial problems, have prompted policymakers to consider various alternatives for the government's future role in the secondary (resale) market for residential mortgages. This book examines how Fannie Mae and Freddie Mac evolved into the institutions they are today and the rationales that are often cited for federal involvement in the secondary mortgage market and the problems that existed with Fannie Mae and Freddie Mac before the recent financial crisis.
Author |
: Deborah Lucas |
Publisher |
: DIANE Publishing |
Total Pages |
: 30 |
Release |
: 2011-05-06 |
ISBN-10 |
: 9781437986846 |
ISBN-13 |
: 1437986846 |
Rating |
: 4/5 (46 Downloads) |
Synopsis Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market by : Deborah Lucas
Statement of Deborah Lucas, Assistant Dir. for Financial Analysis, Congressional Budget Office (CBO). Historically, support for the mortgage market has been part of a broader federal policy aimed at encouraging home ownership and, to a lesser extent, at making housing more affordable for low- and moderate-income families. The activities of Fannie Mae, Freddie Mac, and the Federal Housing Admin. (FHA) have been an important aspect of that policy. In 2010, Fannie Mae and Freddie Mac owned or guaranteed roughly half of all outstanding mortgages in the U.S., and they financed 63% of the new mortgages originated that year. Including the 23% of home loans insured by federal agencies such as FHA, about 86% of new mortgages made in 2010 carried a federal guarantee. However, the largest federal subsidiesfor home ownership have generally come from favorable tax treatment for housing. This testimony focuses on the CBO's estimates of the budgetary cost of the government's takeover and continuing operation of Fannie Mae and Freddie Mac. Lucas also discusses how the budgetary treatment of those two enterprises differs from that of FHA and other federal mortgage programs and the potential problems those inconsistencies cause, and summarizes alternative options for the future role of the federal government in the secondary mortgage market. Tables. This is a print on demand report.
Author |
: Peter J. Wallison |
Publisher |
: American Enterprise Institute |
Total Pages |
: 204 |
Release |
: 2001 |
ISBN-10 |
: 0844741663 |
ISBN-13 |
: 9780844741666 |
Rating |
: 4/5 (63 Downloads) |
Synopsis Serving Two Masters, Yet Out of Control by : Peter J. Wallison
Because two disparate clients demand loyalty from Fannie Mae and Freddie Mac, these government-sponsored entities must fulfill two ultimately irreconcilable roles.
Author |
: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
Publisher |
: |
Total Pages |
: 320 |
Release |
: 2009 |
ISBN-10 |
: PURD:32754081169645 |
ISBN-13 |
: |
Rating |
: 4/5 (45 Downloads) |
Synopsis The Present Condition and Future Status of Fannie Mae and Freddie Mac by : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Author |
: |
Publisher |
: |
Total Pages |
: 196 |
Release |
: 1983 |
ISBN-10 |
: UIUC:30112060257752 |
ISBN-13 |
: |
Rating |
: 4/5 (52 Downloads) |
Synopsis Freddie Mac Reports by :
Author |
: Marvin Phaup |
Publisher |
: DIANE Publishing |
Total Pages |
: 63 |
Release |
: 1996-07 |
ISBN-10 |
: 9780788130397 |
ISBN-13 |
: 0788130390 |
Rating |
: 4/5 (97 Downloads) |
Synopsis Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac by : Marvin Phaup
Explains the purpose and function of government-sponsored enterprises (GSEs). Describes how the housing GSEs segment in the secondary market works. Provides insights on alternative funding strategies and risk, and the necessity of congressional oversight. Focuses on the federal costs of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). Contains 17 charts, tables and graphs.
Author |
: Viral V. Acharya |
Publisher |
: Princeton University Press |
Total Pages |
: 233 |
Release |
: 2011-03-14 |
ISBN-10 |
: 9781400838097 |
ISBN-13 |
: 1400838096 |
Rating |
: 4/5 (97 Downloads) |
Synopsis Guaranteed to Fail by : Viral V. Acharya
Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.