Fannie Mae Freddie Mac And The Federal Role In The Secondary Mortgage Market

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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.

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Genre : Law
Author : Deborah Lucas
Publisher : DIANE Publishing
Release : 2011-05
File : 77 Pages
ISBN-13 : 9781437944570


Budgetary Cost Of Fannie Mae And Freddie Mac And Options For The Future Federal Role In The Secondary Mortgage Market

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Statement of Deborah Lucas, Assistant Dir. for Financial Analysis, Congressional Budget Office (CBO). Historically, support for the mortgage market has been part of a broader federal policy aimed at encouraging home ownership and, to a lesser extent, at making housing more affordable for low- and moderate-income families. The activities of Fannie Mae, Freddie Mac, and the Federal Housing Admin. (FHA) have been an important aspect of that policy. In 2010, Fannie Mae and Freddie Mac owned or guaranteed roughly half of all outstanding mortgages in the U.S., and they financed 63% of the new mortgages originated that year. Including the 23% of home loans insured by federal agencies such as FHA, about 86% of new mortgages made in 2010 carried a federal guarantee. However, the largest federal subsidiesfor home ownership have generally come from favorable tax treatment for housing. This testimony focuses on the CBO's estimates of the budgetary cost of the government's takeover and continuing operation of Fannie Mae and Freddie Mac. Lucas also discusses how the budgetary treatment of those two enterprises differs from that of FHA and other federal mortgage programs and the potential problems those inconsistencies cause, and summarizes alternative options for the future role of the federal government in the secondary mortgage market. Tables. This is a print on demand report.

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Genre : Business & Economics
Author : Deborah Lucas
Publisher : DIANE Publishing
Release : 2011-05-06
File : 30 Pages
ISBN-13 : 9781437986846


Fannie Mae And Freddie Mac

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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.

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Genre : Business & Economics
Author : Oonagh McDonald
Publisher : A&C Black
Release : 2013-07-18
File : 494 Pages
ISBN-13 : 9781780935232


Options For Reducing The Deficit

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Genre :
Author :
Publisher :
Release : 2013
File : 320 Pages
ISBN-13 : RUTGERS:39030041187446


Options For Reducing The Deficit

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From the Introduction: This volume presents 103 options that would decrease federal spending of increase federal revenues over the next decade. Those options cover many areas-ranging from defense to energy, Social Security, and provisions of the tax code. The budgetary effects identified for most of the options span the 10 years from 2014 to 2023 (the period covered by CBO's May 2013 baseline budget projections), although many of the options would have longer-term effects as well. Chapters 2 through 5 present options in the following categories: Chapter 2: Mandatory spending other than that for health-related programs; Chapter 3: Discretionary spending other than that for health-related programs, Chapter 4: revenues other than those related to health; Chapter 5: Health-related programs and revenue provisions. In addition to 11 options that are similar in scope to others in this volume, Chapter 5 includes 5 broad approaches for reducing spending on health care programs or revenues forgone because of tax provisions related to health care. Each would offer lawmakers a variety of possibilities for making changes in current laws. Chapter 6 differs from the rest of the volume; it discusses the challenges and the potential budgetary effects of eliminating a cabinet department.

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Genre : Budget deficits
Author : United States. Congressional Budget Office
Publisher :
Release : 2013
File : 320 Pages
ISBN-13 : MINN:31951D03758890X


Options For Reducing The Deficit

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This volume presents 115 options that would decrease federal spending or increase federal revenues over the next decade. The federal budget deficit in fiscal year (FY) 2016 totaled $587 billion or 3.2 percent (%) of gross domestic product (GDP), up 2.5 percent (%) in year 2015. The options cover many areas ranging from defense to energy, Social Security and provisions of the tax code. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options. Students pursuing research for economic coursework in high school, community college, and university levels may be interested in this vision presented by the Congressional Budget Office, Additionally, economists, federal budget analysts, political science scholars, financial planners, and lawmakers may be interested in this official resource. Related products: Other products produced by the U.S. Congressional Budget Office (CBO) are available here: https: //bookstore.gpo.gov/agency/237Economic Policy resources collection can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-policyEconomic Development publications are available here: https: //bookstore.gpo.gov/catalog/budget-economy/economic-development

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Genre : Business & Economics
Author : Congress, Congressional Budget Office
Publisher : Government Printing Office
Release : 2016
File : 320 Pages
ISBN-13 : 0160936047


Fannie Mae Freddie Mac Fha

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Genre : Business & Economics
Author : United States. Congress. House. Committee on the Budget
Publisher :
Release : 2011
File : 102 Pages
ISBN-13 : MINN:31951D034055482


Reducing The Deficit Spending And Revenue Options

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Genre :
Author :
Publisher : DIANE Publishing
Release :
File : 256 Pages
ISBN-13 : 9781437982961


Reducing The Deficit Spending And Revenue Options

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Genre : Budget
Author : United States. Congressional Budget Office
Publisher :
Release : 2011
File : 258 Pages
ISBN-13 : UCR:31210020807127


Reducing The Deficit Spending And Revenue Options

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Genre :
Author :
Publisher : Government Printing Office
Release :
File : 258 Pages
ISBN-13 :