Fannie Mae and Freddie Mac (FM/FM) are gov’t.-spon

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2008 Federal Intervention to Stabilize Fannie Mae and Freddie Mac

Our Price: $15.00

By W. Scott Frame (au)
Year: 2009
Pages: 27
Binding Paperback

Product Code: 1437928722

Description

Fannie Mae and Freddie Mac (FM/FM) are gov’t.-sponsored enterprises that play a central role in U.S. residential mortgage markets. Policymakers have become increasingly concerned about the size and risk-taking incentives of FM/FM. In Sept. 2008, the fed. gov’t. intervened to stabilize FM/FM in an effort to ensure the reliability of residential mortgage finance in the wake of the subprime mortgage crisis. This report describes the sources of financial distress at FM/FM, outlines the measures taken by the fed. gov’t., and presents evidence about the effectiveness of these actions. Looking ahead, policymakers will need to consider the future of FM/FM as well as the appropriate scope of public sector activities in primary and secondary mortgage markets.

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