Fussing and Fuming Over Fannie and Freddie: How Much Smoke, How Much Fire?
NYU Stern Working Paper No. 04-27; FRB Atlanta Working Paper No. 2004-26
42 Pages Posted: 15 Oct 2004
Date Written: October 7, 2004
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
JEL Classification: G21, G28
Suggested Citation: Suggested Citation