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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26073
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| Title: | Fannie Mae, Freddie Mac, and Housing: Good Intentions Gone Awry |
| Authors: | White, Lawrence |
| Keywords: | Fannie Mae
Freddie Mac
government-sponsored enterprises
housing
residential mortgages
securitization
regulation |
| Issue Date: | 4-Jul-2006 |
| Series/Report no.: | EC-06-11 |
| Abstract: | The Federal National Mortgage Association (Fannie Mae) and the Federal
Home Loan Mortgage Corporation (Freddie Mac) are the two dominant
entities in the secondary market for residential mortgages in the United
States. This chapter describes and discusses these two companies and
their special status in the U.S. residential mortgage market and
recommends their true privatization, as well as a set of additional
reform measures that would improve the efficiency of housing
construction and consumption in the U.S. economy. Along the way, we will
address a number of major issues that concern housing and its special
place in the political landscape of America. |
| URI: | http://hdl.handle.net/2451/26073 |
| Appears in Collections: | Economics Working Papers
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