Fannie Mae And Freddie Mac Background Reforms And Legislation
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| Author | : Dominik Wurfel |
| Publisher | : Nova Snova |
| Total Pages | : 337 |
| Release | : 2020-10-09 |
| Genre | : |
| ISBN | : 9781536186529 |
Congress chartered Fannie Mae and Freddie Mac, also known collectively as the government-sponsored enterprises (GSEs), to promote homeownership for underserved groups and locations by providing liquidity to the secondary mortgage market. National mortgage rates tend to fall as the supply of funds in this market increases, making homeownership more affordable. This book describes Fannie Mae's and Freddie Mac's activities and mission and summarizes the progress made to date on FHFA's initiatives.
| Author | : Viral V. Acharya |
| Publisher | : Princeton University Press |
| Total Pages | : 233 |
| Release | : 2011-03-14 |
| Genre | : Business & Economics |
| ISBN | : 1400838096 |
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 | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
| Author | : United States. Congress. House. Committee on Financial Services |
| Publisher | : |
| Total Pages | : 312 |
| Release | : 2005 |
| Genre | : Housing |
| ISBN | : |
| Author | : Richard H. Baker |
| Publisher | : |
| Total Pages | : 243 |
| Release | : 2001-01-01 |
| Genre | : Law |
| ISBN | : 9780756730963 |
Witnesses: Richard S. Carnell, Assoc. Prof. of Law, Fordham Univ. School of Law; Mitchell Delk, Sr. V.P., Freddie Mac; Martin Edwards, Jr., Partner, Wilkinson and Snowden, Inc., Pres.-Elect, Nat. Assoc. of Realtors, on behalf of the Nat. Assoc. of Realtors; J. Timothy Howard, Exec. V.P. and CFO, Fannie Mae; James C. Miller, III, Dir., LECG Economics-Finance, former Dir., Office of Mgmt. and Budget (OMB), former Chmn., Fed. Trade Comm. (FTC); Leslie K. Paige, V.P., Citizens Against Government Waste, on behalf of the Homeowners Education Coalition; and Edwin S. Rothschild, Principal, Podesta Mattoon, on behalf of FM Watch.
| Author | : United States. Congress. House. Committee on Oversight and Government Reform |
| Publisher | : |
| Total Pages | : 356 |
| Release | : 2009 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Financial Crisis Inquiry Commission |
| Publisher | : Cosimo, Inc. |
| Total Pages | : 692 |
| Release | : 2011-05-01 |
| Genre | : Political Science |
| ISBN | : 1616405414 |
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
| Author | : Oonagh McDonald |
| Publisher | : A&C Black |
| Total Pages | : 494 |
| Release | : 2013-07-18 |
| Genre | : Business & Economics |
| ISBN | : 1780935234 |
The book demonstrates how politicians and federal agencies dominated Fannie Mae and Freddie Mac and took just thirteen years to wreck the American dream of home ownership.
| Author | : Mark Jickling |
| Publisher | : |
| Total Pages | : 5 |
| Release | : 2008 |
| Genre | : Conservatorships |
| ISBN | : |
| Author | : Gretchen Morgenson |
| Publisher | : St. Martin's Griffin |
| Total Pages | : 0 |
| Release | : 2012-06-05 |
| Genre | : Business & Economics |
| ISBN | : 9781250008794 |
A Washington Post Notable Nonfiction Book for 2011 One of The Economist's 2011 Books of the Year In Reckless Endangerment, Gretchen Morgenson exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner—who himself raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster. Character-rich and definitive in its analysis, and with a new afterword that brings the story up to date, this is the one account of the financial crisis you must read.
