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Fannie Mae and Freddie Mac : turning the American dream into a nightmare
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ISBN: 1780935234 178093002X 9786613676177 1780930054 1280699205 Year: 2012 Publisher: London : Bloomsbury Academic,

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This book examines the role of Fannie Mae, Freddie Mac and other key players in the American mortgage market, in precipitating the current global financial crisis. From President Clinton''s announcement of the ''National Home Ownership Strategy'' in 1995 to its collapse in 2008, this book deftly explains the aims and consequences of extending mortgage lending to people who could not afford home ownership. Bankers, investment banks, rating agencies and derivatives have all been awarded their share of the blame, while politicians, regulators and government agencies have successfully avoided th


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Reckless endangerment : how outsized ambition, greed, and corruption led to economic armageddon.
Authors: ---
ISBN: 9780805091205 Year: 2011 Publisher: New York Times Books

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"In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner--who himself raised early warnings with the public and investors, and kept detailed records--Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster. Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read"-- "TheNew York Times's Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders. In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner--who himself raised early warnings with the public and investors, and kept detailed records--Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster. Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read"--


Book
Guaranteed to fail : Fannie Mae, Freddie Mac and the debacle of mortgage finance.
Authors: --- ---
ISBN: 9780691150789 0691150788 9786613012081 1400838096 1283012081 Year: 2011 Publisher: Princeton Princeton university

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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.

Keywords

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.


Periodical
Performance and accountability report.
Author:
ISSN: 23736291 Year: 2008 Publisher: [Washington, D.C.] : Federal Housing Finance Agency

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Keywords

Housing --- Mortgage loans --- Federal home loan banks --- Federal home loan banks. --- Mortgage loans. --- Finance --- Finance. --- United States. --- Federal National Mortgage Association --- Freddie Mac (Firm) --- Federal National Mortgage Association. --- Home loan banks --- Mortgage banks --- Affordable housing --- Homes --- Houses --- Housing needs --- Residences --- Slum clearance --- Urban housing --- City planning --- Dwellings --- Human settlements --- Home finance --- Home loans --- Mortgage lending --- Real estate loans --- Loans --- Secondary mortgage market --- Social aspects --- Federal Housing Finance Agency --- FHFA --- Federal Home Loan Mortgage Corporation --- F.N.M.A. --- Fannie Mae --- FannieMae --- FNMA --- ABŞ --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi͡avks Shtattnė --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- É.-U. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- ÉU --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērikā --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si͡evero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si͡evernoĭ Ameriki --- Spojené obce severoamerické --- Spojené staty americké --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheiriceá --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígíí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi͡ednani Derz͡havy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi͡a Shtaty Ameryki --- Zlucheni Derz͡havy --- ZSA --- United States

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