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Diane Publishing Books
Government-Sponsored Enterprises: Federal Oversight Needed for Nonmortgage Investments
William B. Shear. Analyzes information on nonmortgage investment activities at 3 government-sponsored enterprises: Freddie Mac, Fannie Mae, & Farmer Mac. It examines (1) these enterprisesí legal authority for making nonmortgage investments & federal regulatory oversight of that activity, (2) the relationship between nonmortgage investment policies & practices & missions of these enterprises, & (3) the extent to which these enterprises have undertaken nonmortgage investments for arbitrage profits -- using the funding advantage from government sponsorship to purchase nonmortgage investments that generate profits.
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Wordsworth Dictionary of the American West
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