Fussing and Fuming Over Fannie and Freddie: How Much Smoke, How Much Fire?

42 Pages Posted: 31 Oct 2008

See all articles by W. Scott Frame

W. Scott Frame

Federal Reserve Bank of Dallas

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

Date Written: 2004

Abstract

The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then discuss the controversies that surround them and offer recommendations for improvements in public policy.

Keywords: Fannie Mae, Freddie Mac, government-sponsored enterprises, residential mortgages, securitization, regulation

Suggested Citation

Frame, W. Scott and White, Lawrence J., Fussing and Fuming Over Fannie and Freddie: How Much Smoke, How Much Fire? (2004). NYU Working Paper No. EC-04-27. Available at SSRN: https://ssrn.com/abstract=1292610

W. Scott Frame

Federal Reserve Bank of Dallas ( email )

2200 N Pearl Street
Dallas, TX 75201
United States
214-922-6984 (Phone)

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics ( email )

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

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