Fannie Mae And Freddie Mac : Analysis Of Options For Revising The Housing Enterprises' Long-Term Structures

Author: Gene L. Dodaro
Publisher: DIANE Publishing
Keywords: housing, enterprises, term, structures, revising, options, mae, freddie, mac, analysis, fannie
Number of Pages: 73
Published: 2010-10
ISBN-10: 1437922120
ISBN-13: 9781437922127

Book Description:

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.

Related Books at ISBNlib

    Sorry,No related books at ISBNLib

Spread the word