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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26102
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| Title: | "On Truly Privatizing Fannie Mae and Freddie Mac: Why It's
Important, and How to Do It," |
| Authors: | White, Lawrence J. |
| Keywords: | Fannie Mae
Freddie Mac
government-sponsored enterprises
residential mortgages
securitization
privatization |
| Issue Date: | 13-Jun-2005 |
| Series/Report no.: | EC-05-09 |
| Abstract: | The special status, large sizes, and recent rapid growth of Fannie Mae
and Freddie Mac have created and/or contributed to a set of difficult
policy problems that include: misguided and excessive subsidization of
housing in the U.S.; the safety and soundness of the two companies;
systemic risk; residential mortgage terms and structure; and the
inherent efficiencies of the two companies. The two companies are
embedded in a much larger web of policies that broadly and inefficiently
encourage housing construction and consumption. The true privatization
of the two companies is the best solution to the problems that
specifically involve them and would constitute a good start toward
correcting the excesses of American housing policy. This true
privatization can be accomplished in a relatively clean and
straightforward fashion. |
| URI: | http://hdl.handle.net/2451/26102 |
| Appears in Collections: | Economics Working Papers
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