Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market
Author | : Deborah Lucas |
Publisher | : DIANE Publishing |
Total Pages | : 77 |
Release | : 2011-05 |
ISBN-10 | : 9781437944570 |
ISBN-13 | : 1437944574 |
Rating | : 4/5 (70 Downloads) |
Book excerpt: 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.