Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac PDF

Author: Gene L. Dodaro

Publisher: DIANE Publishing

Published: 2010-10

Total Pages: 73

ISBN-13: 1437922120

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Congress estab. Fannie Mae and Freddie Mac (the enterprises) with 2 key housing missions: (1) provide stability in the secondary market for residential mortgages; and (2) serve the mortgage credit needs of targeted groups such as low-income borrowers. To accomplish these goals, the enterprises issued debt and stock, and purchased mortgages from lenders with the proceeds. On Sept. 6, 2008, the Fed. Housing Finance Agency placed the enterprises into conservatorship out of concern that their deteriorating financial condition would destabilize the financial system. This report discusses the enterprises' performance in meeting mission requirements, identifies and analyzes options to revise their structures, and discusses key transition issues. Illus.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac PDF

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-02-03

Total Pages: 74

ISBN-13: 9781984135346

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Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-term Structures

Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures

Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures PDF

Author: William B. Shear

Publisher: DIANE Publishing

Published: 2010-11

Total Pages: 19

ISBN-13: 1437924034

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Discusses options for restructuring Fannie Mae and Freddie Mac. On Sept. 6, 2008, both enterprises were placed in conservatorship out of concern that their deteriorating financial condition and potential default on $5.4 trillion in financial obligations threatened the stability of financial markets. This testimony: (1) summarizes the enterprises' performance in achieving key housing mission objectives; (2) identifies various options for revising the enterprises' long-term structures; (3) analyzes these options in terms of their potential capacity to achieve key housing mission and safety objectives; and (4) discusses how the fed. gov¿ts. mgmt. of the conservatorships and response to the housing crisis could affect any transition. Illus.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac PDF

Author: United States Accounting Office (GAO)

Publisher: Createspace Independent Publishing Platform

Published: 2018-05-19

Total Pages: 34

ISBN-13: 9781719363655

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Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-term Structures

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac PDF

Author: Oonagh McDonald

Publisher: A&C Black

Published: 2013-07-18

Total Pages: 494

ISBN-13: 1780935234

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The book demonstrates how politicians and federal agencies dominated Fannie Mae and Freddie Mac and took just thirteen years to wreck the American dream of home ownership.

Financial Audit

Financial Audit PDF

Author: Steven J. Sebastian

Publisher: DIANE Publishing

Published: 2010-03

Total Pages: 61

ISBN-13: 1437925723

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The Housing and Economic Recovery Act of 2008 created the Fed. Housing Finance Agency (FHFA) and gave it responsibility for, among other things, the supervision and oversight of Fannie Mae, Freddie Mac, and the 12 federal home loan banks. Specifically, FHFA was assigned responsibility for ensuring that each of the regulated entities operates in a fiscally safe and sound manner, including maintenance of adequate capital and internal controls, and carries out its housing and community development finance mission. This audit of FHFA¿s FY 2009 financial statements determines whether: (1) the financial statements were fairly stated; and (2) FHFA management maintained effective internal control over financial reporting. Illus.

Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market

Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market PDF

Author: Deborah Lucas

Publisher: DIANE Publishing

Published: 2011-05

Total Pages: 77

ISBN-13: 1437944574

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In September 2008, the fed. gov¿t. assumed control of Fannie Mae and Freddie Mac (FM/FM), two federally chartered institutions that last year guaranteed three-quarters of new residential mortgages originated in the U.S. This study examines various alternatives for the fed. gov¿t¿s. future role in the secondary (resale) market for residential mortgages. Contents: Overview of FM/FM, and the Secondary Mortgage Market; Possible Rationales for a Fed. Role in the Secondary Mortgage Market; Weaknesses of the Pre-crisis Model for FM/FM; Alternative Approaches for the Future of the Secondary Mortgage Market; History of the Secondary Mortgage Market; The Fed. Home Loan Banks. Charts and tables. A print on demand report.