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Interest rate risk --- Mathematical models. --- Financial risk management

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The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.

Business failures --- Financial crises --- Housing --- Mortgage loans --- History --- Finance. --- Government policy --- Freddie Mac (Firm). --- Federal National Mortgage Association. --- 333.109 --- 333.139.2 --- 333.17 --- 333.663 --- 333.733 --- 333.78 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Business mortality --- Failure in business --- Mortality, Business --- Success in business --- Finance --- Veiligheid. Bankovervallen. Bankrisico's --- Bankcontrole en -reglementering. Reglementering van het bankberoep --- Crises, saneringen en hervormingen van het bankwezen --- rating van bedrijven --- Krediet op grond en onroerende goederen --- Kredietcontrole. Credit crunch --- Freddie Mac (Firm) --- FNMA --- United States. --- F.N.M.A. --- FannieMae --- Fannie Mae --- Federal Home Loan Mortgage Corporation --- Affordable housing. --- Agency debt. --- Alt-A. --- Asset management. --- Asset. --- Balance sheet. --- Bank of America. --- Bank run. --- Bank. --- Bear Stearns. --- Ben Bernanke. --- Capital market. --- Capital requirement. --- Cash. --- Central bank. --- Citigroup. --- Commercial bank. --- Conservatorship. --- Countrywide. --- Credit (finance). --- Credit risk. --- Credit score in the United States. --- Credit score. --- Creditor. --- Debt. --- Dodd–Frank Wall Street Reform and Consumer Protection Act. --- Down payment. --- Economics. --- Economist. --- Economy. --- Equity (finance). --- Fannie Mae. --- Federal Housing Administration. --- Federal Housing Finance Agency. --- Financial crisis. --- Financial institution. --- Financial services. --- Fixed-rate mortgage. --- Foreclosure. --- Freddie Mac. --- Funding. --- Government National Mortgage Association. --- Government debt. --- Guarantee. --- Hedge fund. --- Heitor Almeida. --- Henry Paulson. --- Home equity. --- Household. --- Income. --- Insolvency. --- Insurance. --- Interest rate risk. --- Interest rate. --- Investment. --- Investor. --- JPMorgan Chase. --- Lehman Brothers. --- Lender of last resort. --- Leverage (finance). --- Line of credit. --- Macroeconomics. --- Market discipline. --- Market liquidity. --- Monetary policy. --- Moral hazard. --- Mortgage Rate. --- Mortgage bank. --- Mortgage loan. --- Payment. --- Pension fund. --- Percentage. --- Private mortgage. --- Private sector. --- Privatization. --- Quantitative easing. --- Race to the bottom. --- Real estate appraisal. --- Real estate economics. --- Receivership. --- Recession. --- Refinancing. --- Repurchase agreement. --- Resolution Trust Corporation. --- Return on equity. --- Saving. --- Savings and loan association. --- Secondary mortgage market. --- Securitization. --- Security (finance). --- Subprime. --- Subsidy. --- Systemic risk. --- Too big to fail. --- Underwriting Standards. --- Underwriting. --- Value (economics). --- Washington Mutual. --- Working paper.