TITLE

Imagining a Fannie-less, Freddie-less World

AUTHOR(S)
Indiviglio, Daniel
PUB. DATE
March 2011
SOURCE
National Journal;3/17/2011, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article argues for the eradication of housing-finance giants Fannie Mae and Freddie Mac in the U.S. According to the author, these troubled government-sponsored enterprises once served as the mortgage market's foundation. The author believes Fannie and Freddie need not exist for the government to back mortgages. He claims a new agency could be formed to only guarantee mortgages so that investors could continue to benefit from the safety that the two corporations previously offered to their bonds.
ACCESSION #
59437805

 

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