Comment on the Federal Housing Finance Agency’s Strategic Plan: Fiscal Years 2013-2017

14 Pages Posted: 19 Jun 2012

Date Written: June 18, 2012

Abstract

This is a comment upon Performance Goal 4.3 from the Federal Housing Finance Agency’s Strategic Plan: Fiscal Years 2013-2017. Performance Goal 4.3 addresses the future of Fannie Mae and Freddie Mac as well as the future of the infrastructure of the residential housing finance market. This comment will address the future of Fannie and Freddie after they exit conservatorship. Once analyzed in the context of regulatory theory, Fannie and Freddie’s future seems clear. They should be privatized so that they can compete on an even playing field with other financial institutions, and their public functions should be assumed by pure government actors. This comment will also look at the future of the thirty-year fixed-rate mortgage, the lock-in, and the low-down-payment mortgage.

Keywords: Fannie, Freddie, lock-in, tba, 30 year, financial crisis, ARMs, adjustable rate mortgage, fixed rate mortgage, low down payment, residential mortgage market

Suggested Citation

Reiss, David J., Comment on the Federal Housing Finance Agency’s Strategic Plan: Fiscal Years 2013-2017 (June 18, 2012). Brooklyn Law School, Legal Studies Paper No. 284. Available at SSRN: https://ssrn.com/abstract=2086514 or http://dx.doi.org/10.2139/ssrn.2086514

David J. Reiss (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

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