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

Frame, W. Scott; White, Lawrence J.

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

NYU Working Paper No. EC-04-27

42 Pages Posted: 31 Oct 2008

See all articles by W. Scott Frame

Lawrence J. White

Stern School of Business, New York University; 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: Suggested Citation

Frame, W. Scott and White, Lawrence J. 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