Tracked shipping to Taiwan with premium packaging for just NT$300 

Ship to
Taiwan
0

My Account

  • argentina
  • chile
  • colombia
  • españa
  • méxico
  • perú
  • estados unidos
  • internacional

menu

Select your country

Americas

Europe

Rest of the world

portada Privatization of Fannie Mae and Freddie Mac: Desirability and Feasibility
Type
Physical Book
Author
Publisher
Language
English
Pages
194
Format
Paperback
Dimensions
24.6 x 18.9 x 1.0 cm
Weight
0.35 kg.
ISBN13
9781288925681
Categories

Privatization of Fannie Mae and Freddie Mac: Desirability and Feasibility

U. S. Dept of Housing and Urban Developm (Author) · Bibliogov · Paperback

Privatization of Fannie Mae and Freddie Mac: Desirability and Feasibility - U. S. Dept of Housing and Urban Developm

New Book Imported to Taiwan
Delivery: 03 Aug - 14 Aug Shipping: 16 to 20 business days.
NT$ 1,229
NT$ 1,229

Choose the list to add your product or create one New List

Go to My Wishlists
Calculate shipping cost

Synopsis "Privatization of Fannie Mae and Freddie Mac: Desirability and Feasibility"

By providing a stable source of liquidity for mortgage credit markets and offering borrowers access to capital markets, Fannie Mae and Freddie Mac have played a prominent role in the development of a highly efficient secondary market for home mortgages. The government-sponsored enterprises' (GSEs') success in fulfilling their original missions has prompted some privatization advocates to argue that the secondary market for single-family mortgages could operate efficiently without Federal sponsorship. However, Privatization of Fannie Mae and Freddie Mac: Desirability and Feasibility, a new report from HUD's Office of Policy Development and Research, finds that the vital public purposes of the GSEs could be undermined by privatization. While the GSEs are not backed by an explicit Federal guarantee, the capital markets regard them as holding an "implicit guarantee" that privatization would remove. A change in status could affect mortgage markets in several ways. The costs of borrowing and credit enhancement -- typically lower for the GSEs -- would likely increase. Private firms that currently are securitizing nonconforming loans could compete with the GSEs within the conforming market. Privatizing Fannie Mae and Freddie Mac could push conforming mortgage interest rates up between one-quarter and two-fifths of a percent, the report projects, reversing recent improvements in affordable lending and increasing homeownership rates, particularly for households traditionally underserved by the mortgage market. Privatization would also have important implications for the public purposes set out in Fannie Mae's and Freddie Mac's Federal charters, and would likely undermine the federally mandated goals set by HUD for GSE purchases of mortgage originations to underserved populations. HUD finds that the GSEs' public purposes provide a substantial rationale for the current GSE system, and that none of the arguments cited by privatization advocates are compelling enough to support terminating their Federal charters.

Customers reviews

More customer reviews
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)

Frequently Asked Questions about the Book

Is the book original?

All books in our catalog are Original.

In what language is the book written?

The book is written in English.

What is the format of this book?

The binding of this edition is Paperback.

Questions and Answers about the Book

Do you have a question about the book? Login to be able to add your own question.

Opinions about Bookdelivery

More customer reviews