Study of the Use of Credit Enhancements by Government Sponsored Enterprises

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Our Price: $25.00

Year: 2001
Pages: 68
Binding Paperback

Product Code: 0756721032

Description

Kimberly Burnett & Christopher E. Herbert (a.); Lawrence L. Thompson (foreword). In 1992, Congress asserted that Fannie Mae & Freddie Mac (FM&FM), the two large Government-sponsored enterprises that provide a secondary market for home mortgages, have an affirmative obligation to facilitate the financing of affordable housing for low- & moderate-income families. To further this objective, a system of quantitative housing goals was instituted & associated regulatory oversight responsibility was assigned. This study addresses the role played by credit enhancements (CE) in FMs&FMs achievement of the goals. Provides a comprehensive look at how & why CE are used by FM&FM in both their single-family & multifamily mortgage purchase programs.

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