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

See all articles by Lawrence J. White

Lawrence J. White

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

W. Scott Frame

Federal Reserve Bank of Dallas

Multiple version iconThere are 2 versions of this paper

Date Written: October 7, 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

JEL Classification: G21, G28

Suggested Citation

White, Lawrence J. and Frame, W. Scott, Fussing and Fuming Over Fannie and Freddie: How Much Smoke, How Much Fire? (October 7, 2004). NYU Stern Working Paper No. 04-27; FRB Atlanta Working Paper No. 2004-26. Available at SSRN: https://ssrn.com/abstract=604525 or http://dx.doi.org/10.2139/ssrn.604525

Lawrence J. White (Contact Author)

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

W. Scott Frame

Federal Reserve Bank of Dallas ( email )

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

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