Privatization Of Fannie Mae And Freddie Mac

Author : Harold L. Bunce
Publisher : DIANE Publishing
Page : 234 pages
File Size : 40,8 Mb
Release : 1997
Category : Mortgage loans
ISBN : 0788137549

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Privatization of Fannie Mae and Freddie Mac by Harold L. Bunce Pdf

This report demonstrates that a significant proportion of prospective homeowners remains underserved by the mortgage finance industry. The report reviews and evaluates the framework of housing goals that has been established by Fannie Mae and Freddie Mac. It finds that the housing goals represent a promising approach to focusing their resources on the mortgage credit needs of homebuyers. Such a programmatic emphasis by these enterprises represents an appropriate exchange for the benefits that they receive through their ties with the Federal government.

Author : Peter J. Wallison,Thomas H. Stanton,Bert Ely
Publisher : American Enterprise Institute
Page : 128 pages
File Size : 47,9 Mb
Release : 2004
Category : Federal home loan banks
ISBN : 0844741906

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Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks by Peter J. Wallison,Thomas H. Stanton,Bert Ely Pdf

This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

Author : Peter J. Wallison
Publisher : American Enterprise Institute
Page : 204 pages
File Size : 45,6 Mb
Release : 2001
Category : Housing
ISBN : 0844741663

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Serving Two Masters, Yet Out of Control by Peter J. Wallison Pdf

Because two disparate clients demand loyalty from Fannie Mae and Freddie Mac, these government-sponsored entities must fulfill two ultimately irreconcilable roles.

Author : Viral V. Acharya,Matthew Richardson,Stijn van Nieuwerburgh,Lawrence J. White
Publisher : Princeton University Press
Page : 233 pages
File Size : 55,7 Mb
Release : 2011-03-14
Category : Business & Economics
ISBN : 9781400838097

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Guaranteed to Fail by Viral V. Acharya,Matthew Richardson,Stijn van Nieuwerburgh,Lawrence J. White Pdf

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.

Author : Marvin Phaup
Publisher : DIANE Publishing
Page : 63 pages
File Size : 50,9 Mb
Release : 1996-07
Category : Electronic
ISBN : 9780788130397

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Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac by Marvin Phaup Pdf

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 : Anonim
Publisher : Unknown
Page : 187 pages
File Size : 54,8 Mb
Release : 2001
Category : Housing
ISBN : LCCN:2001045196

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Serving Two Masters, Yet Out of Control by Anonim Pdf

Author : Marvin Phaup,Marlies Dunson,Matt Eyles
Publisher : DIANE Publishing
Page : 68 pages
File Size : 51,9 Mb
Release : 1996
Category : Political Science
ISBN : PURD:32754066663760

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Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac by Marvin Phaup,Marlies Dunson,Matt Eyles Pdf

I. Understanding the housing GSEs: What, why, how? -- II. Federal costs of Fannie Mae and Freddie Mac -- III. Public benefits of the housing GSEs -- IV. Congress and the GSEs: Weak control and incompatible interests -- V. Options for improving the GSE cost-benefit balance for taxpayers.

Author : Richard K. Green
Publisher : Academic Press
Page : 256 pages
File Size : 44,8 Mb
Release : 2013-11-21
Category : Business & Economics
ISBN : 9780124045934

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Introduction to Mortgages and Mortgage Backed Securities by Richard K. Green Pdf

In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making

Author : William B. Shear
Publisher : DIANE Publishing
Page : 19 pages
File Size : 43,8 Mb
Release : 2010-11
Category : Business & Economics
ISBN : 9781437924039

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Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures by William B. Shear Pdf

Discusses options for restructuring Fannie Mae and Freddie Mac. On Sept. 6, 2008, both enterprises were placed in conservatorship out of concern that their deteriorating financial condition and potential default on $5.4 trillion in financial obligations threatened the stability of financial markets. This testimony: (1) summarizes the enterprises' performance in achieving key housing mission objectives; (2) identifies various options for revising the enterprises' long-term structures; (3) analyzes these options in terms of their potential capacity to achieve key housing mission and safety objectives; and (4) discusses how the fed. gov¿ts. mgmt. of the conservatorships and response to the housing crisis could affect any transition. Illus.

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 73 pages
File Size : 48,6 Mb
Release : 2010-10
Category : Law
ISBN : 9781437922127

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Fannie Mae and Freddie Mac by Gene L. Dodaro Pdf

Congress estab. Fannie Mae and Freddie Mac (the enterprises) with 2 key housing missions: (1) provide stability in the secondary market for residential mortgages; and (2) serve the mortgage credit needs of targeted groups such as low-income borrowers. To accomplish these goals, the enterprises issued debt and stock, and purchased mortgages from lenders with the proceeds. On Sept. 6, 2008, the Fed. Housing Finance Agency placed the enterprises into conservatorship out of concern that their deteriorating financial condition would destabilize the financial system. This report discusses the enterprises' performance in meeting mission requirements, identifies and analyzes options to revise their structures, and discusses key transition issues. Illus.

Author : Ms.Claudia Helene Dziobek,Hans-Joachim Beyer,Mr.John R. Garrett
Publisher : International Monetary Fund
Page : 28 pages
File Size : 46,5 Mb
Release : 1999-05-01
Category : Business & Economics
ISBN : 9781451849042

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Economic and Legal Considerations of Optimal Privatization by Ms.Claudia Helene Dziobek,Hans-Joachim Beyer,Mr.John R. Garrett Pdf

Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank behavior changes rapidly as profit maximation replaces the bureaucratic objective function. Once privileges are granted, they are difficult to remove. Therefore, privatization is a one-time (nonreversible) operation. The German mortgage bank, DePfa, went through a carefully planned and lengthy privatization process that was successful. Fannie Mae, the U.S. mortgage firm, became a privately owned institution endowed with special privileges, which led to a quasi-monopoly position. This resulted in suboptimal financial sector performance. Fannie Mae’s special privileges have proven resistant to reform efforts.

Author : Edward L. Glaeser,Todd Sinai
Publisher : University of Chicago Press
Page : 443 pages
File Size : 48,6 Mb
Release : 2013-08-19
Category : Business & Economics
ISBN : 9780226030616

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Housing and the Financial Crisis by Edward L. Glaeser,Todd Sinai Pdf

Conventional wisdom held that housing prices couldn’t fall. But the spectacular boom and bust of the housing market during the first decade of the twenty-first century and millions of foreclosed homeowners have made it clear that housing is no different from any other asset in its ability to climb and crash. Housing and the Financial Crisis looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust, including the availability of credit, the perceived risk reduction due to the securitization of mortgages, and the increase in lending from foreign sources. Finally, it examines a range of policies that might address some of the sources of recent instability.

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 256 pages
File Size : 40,8 Mb
Release : 2001
Category : Business & Economics
ISBN : PURD:32754074661079

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Reforming Fannie Mae and Freddie Mac by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher : Unknown
Page : 172 pages
File Size : 50,9 Mb
Release : 2001
Category : Business & Economics
ISBN : PURD:32754074478276

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Review of the Voluntary Agreement by Fannie Mae and Freddie Mac by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Pdf

Author : Deborah Lucas,United States. Congressional Budget Office
Publisher : United States Congress
Page : 80 pages
File Size : 50,9 Mb
Release : 2010
Category : Business & Economics
ISBN : UCSD:31822037818036

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Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market by Deborah Lucas,United States. Congressional Budget Office Pdf