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Housing finance reform: the future of Fannie Mae and Freddie Mac

Housing finance reform: the future of Fannie Mae and Freddie Mac Abstract Fannie Mae and Freddie Mac have been in conservatorship for over a decade. In September 2019, the U.S. Treasury proposed a plan to release the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, from conservatorship through administrative action. This article shows that every action in this plan is much harder in theory than in practice; they will either take longer than anticipated, present more issues than is initially apparent, or is inherently contradictory. As a result, there is substantial doubt this plan can be completed in the next five years. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Housing finance reform: the future of Fannie Mae and Freddie Mac

Goodman, Laurie S.
Business Economics , Volume 55 (2): 7 – Apr 1, 2020
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Publisher
Springer Journals
Copyright
2020 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-020-00169-1
Publisher site
See Article on Publisher Site

Abstract

Abstract Fannie Mae and Freddie Mac have been in conservatorship for over a decade. In September 2019, the U.S. Treasury proposed a plan to release the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, from conservatorship through administrative action. This article shows that every action in this plan is much harder in theory than in practice; they will either take longer than anticipated, present more issues than is initially apparent, or is inherently contradictory. As a result, there is substantial doubt this plan can be completed in the next five years.

Journal

Business Economics – Springer Journals

Published: Apr 1, 2020

References

  • Enterprise Capital Requirements. 83 FR 33312
    Federal Housing Finance Agency.
  • Credit Risk Transfer Progress Report
    Federal Housing Finance Agency.
  • Evaluating the Rescue of Fannie Mae and Freddie Mac. Liberty Street Economics
    Frame, W. Scott, Andreas Fuster, Joseph Tracy, and James Vickery.
  • The Trump Administration’s Perplexing Plans for Fannie and Freddie
    Goodman, Laurie, Jim Parrott and Mark Zandi.
  • One Year Later https://gsesafetyandsoundness.com/wp-content/uploads/2018/11/Blueprint-for-Restoring-Safety-and-Soundness-to-the-GSEs-Final.pdf.
    Moelis & Company, LLC.
  • Why the GSEs Need Congress to Exit Conservatorship. Urban Wire
    Parrott, Jim.
  • Be Careful What You Ask For. Moody’s Analytics and Urban Institute. https://www.economy.com/getlocal?q=1b7e1c1b-8654-4a8c-a7ea-e86ae760a7c1&app=eccafile.
    Parrott, Jim and Mark Zandi.
  • //home.treasury.gov/system/files/136/Treasury-Housing-Finance-Reform-Plan.pdf.
    US Department of the Treasury.