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Multifamily Housing - Activities of Fannie Mae & Freddie Mac (Hardcover)
Loot Price: R3,302
Discovery Miles 33 020
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Multifamily Housing - Activities of Fannie Mae & Freddie Mac (Hardcover)
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Fannie Mae and Freddie Mac are charted by Congress as
government-sponsored enterprises (GSEs) to provide liquidity in the
mortgage market and promote homeownership for under-served groups
and locations. They purchase mortgages, guarantee them, and package
them in mortgage-backed securities (MBSs), which they either keep
as investments or sell to institutional investors. This book
examines Congressional interest in Fannie Mae and Freddie Mac which
has increased in recent years, primarily because the federal
government's continuing conservatorship of these GSEs, at a time of
uncertainty in the housing, mortgage, and financial markets, has
raised doubts about the future of the enterprises and the potential
cost to the Treasury of guaranteeing the enterprises' debt. Since
over 60% of households are homeowners, a large number of citizens
could be affected by the future of GSEs.
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