Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures

Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures
Author: William B. Shear
Publisher: DIANE Publishing
Total Pages: 19
Release: 2010-11
Genre: Business & Economics
ISBN: 1437924034

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.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Total Pages: 74
Release: 2018-02-03
Genre:
ISBN: 9781984135346

Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-term Structures

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
Total Pages: 34
Release: 2018-05-19
Genre:
ISBN: 9781719363655

Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-term Structures

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac
Author: Gene L. Dodaro
Publisher: DIANE Publishing
Total Pages: 73
Release: 2010-10
Genre: Law
ISBN: 1437922120

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.

Financial Audit

Financial Audit
Author: Steven J. Sebastian
Publisher: DIANE Publishing
Total Pages: 61
Release: 2010-03
Genre: Political Science
ISBN: 1437925723

The Housing and Economic Recovery Act of 2008 created the Fed. Housing Finance Agency (FHFA) and gave it responsibility for, among other things, the supervision and oversight of Fannie Mae, Freddie Mac, and the 12 federal home loan banks. Specifically, FHFA was assigned responsibility for ensuring that each of the regulated entities operates in a fiscally safe and sound manner, including maintenance of adequate capital and internal controls, and carries out its housing and community development finance mission. This audit of FHFA¿s FY 2009 financial statements determines whether: (1) the financial statements were fairly stated; and (2) FHFA management maintained effective internal control over financial reporting. Illus.

Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market

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
Genre: Law
ISBN: 1437944574

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.

International Financial Crisis, The: Have The Rules Of Finance Changed?

International Financial Crisis, The: Have The Rules Of Finance Changed?
Author: Douglas D Evanoff
Publisher: World Scientific
Total Pages: 446
Release: 2011-01-27
Genre: Business & Economics
ISBN: 9814464201

The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What “broke” in the current crisis? Is there no “playbook” on how to respond to systemic crises? What is the optimal role of the state in dealing with crises? How should asset bubbles be addressed in the future? Do we need a major overhaul of governance in the industry? What means exist to address systemic crises? What reforms are needed? These and related issues are discussed by an impressive list of well-known scholars, policymakers and practitioners, with an emphasis on the implications for public policy.

Research Handbook of Financial Markets

Research Handbook of Financial Markets
Author: Refet S. Gürkaynak
Publisher: Edward Elgar Publishing
Total Pages: 533
Release: 2023-05-09
Genre: Business & Economics
ISBN: 1800375328

The Research Handbook of Financial Markets carefully discusses the histories and current states of the most important financial markets and institutions, as well as explicitly underscoring open questions that need study. By describing the institutional structure of different markets and highlighting recent changes within them, it accurately highlights their evolving nature.

Federally Created Entities

Federally Created Entities
Author: Susan Ragland
Publisher: DIANE Publishing
Total Pages: 67
Release: 2010-08
Genre: Political Science
ISBN: 143792638X

Over the years, Congress has created or authorized the creation of numerous entities to carry out federal programs and further public purposes. Collectively, these entities receive trillions of dollars annually in funds appropriated by Congress. Given the wide variety of entity types, applicability of key broad-based requirements, and federal funding, this report: (1) identified and categorized federally created entities by type; (2) determined the extent to which the various entity types are generally subject to key broad-based statutory governance, accountability, and transparency requirements; and (3) determined the amount of appropriations Congress has made directly available to each of the individual entities in recent years (FY 2005 through 2008).

The Encyclopedia of Housing, Second Edition

The Encyclopedia of Housing, Second Edition
Author: Andrew T. Carswell
Publisher: SAGE Publications
Total Pages: 1308
Release: 2012-05-31
Genre: Political Science
ISBN: 1483305945

Since publication of the groundbreaking Encyclopedia of Housing in 1998, many issues have assumed special prominence within this field and, indeed, within the global economy. For instance, the global economic meltdown was spurred in large part by the worst subprime mortgage crisis we′ve seen in our history. On a more positive note, the sustainability movement and "green" development has picked up considerable steam and, given the priorities and initiatives of the current U.S. administration, this will only grow in importance, and increased attention has been given in recent years to the topic of indoor air quality. Within the past decade, as well, the Baby Boom Generation began its march into retirement and senior citizenship, which will have increasingly broad implications for retirement communities and housing, assisted living facilities, aging in place, livable communities, universal design, and the like. Finally, within the last twelve years an emerging generation of young scholars has been making significant contributions to the field. For all these reasons and more, we are pleased to present a significantly updated and expanded Second Edition of the Encyclopedia of Housing.