TITLE

North America -- an American housing finance dilemma: what to do with Fannie Mae and Freddie Mac?

AUTHOR(S)
Pollock, Alex
PUB. DATE
June 2013
SOURCE
Housing Finance International;Summer2013, Vol. 27 Issue 4, p15
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the lack of progress on the Fannie Mae and Freddie Mac mortgage crisis. Both are reported to have run up the leverage of the housing finance sector, inflated house prices and escalated systemic risk with loans and investments. The author cites a likely medium-term program that the U.S. Congress could enact upon for a more private, less government-dominated mortgage sector, without finalizing the fate of Fannie and Freddie. Intermediate steps for the program are offered.
ACCESSION #
89083886

 

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