Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Frame, W. Scott | - |
dc.contributor.author | Wall, Larry D. | - |
dc.contributor.author | White, Lawrence J. | - |
dc.date.accessioned | 2012-08-15T14:52:04Z | - |
dc.date.available | 2012-08-15T14:52:04Z | - |
dc.date.issued | 2012-08-15T14:52:04Z | - |
dc.identifier.uri | http://hdl.handle.net/2451/31589 | - |
dc.description.abstract | This paper seeks to contribute to the U.S. housing finance reform conversation by providing a critical assessment of the various types of policy proposals that have been offered. There appears to be a broad consensus to maintain explicit government guarantees for certain narrowly defined borrower populations, such as FHA insurance guarantees for low- and moderate-income and first-time homebuyers. However, the expected role of the federal government in the broader housing finance system is in dispute: ranging from no role; to insuring against only extreme or tail events; to insuring against all losses. However, most proposals agree that any public insurance be priced and available only for loans meeting pre-specified criteria in an effort to limit taxpayer exposure. | en |
dc.language.iso | en_US | en |
dc.rights | Copyright W. Scott Frame, Larry D. Wall, and Lawrence J. White, 2012. | en |
dc.subject | residential mortgages, securitization | en |
dc.subject | government-sponsored enterprises, housing subsidies. | en |
dc.title | The Devil's in the Tail: Residential Mortgage Finance and the U.S. Treasury | en |
dc.type | Working Paper | en |
dc.authorid-ssrn | 15117 | en |
Appears in Collections: | Economics Working Papers |
Files in This Item:
File | Description | Size | Format | |
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White-Devil'sintheTail_Jul2012.pdf | The Devil's in the Tail: Residential Mortgage Finance and the U.S. Treasury | 506.67 kB | Adobe PDF | View/Open |
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