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Fussing and fuming over Fannie and Freddie: how much smoke, how much fire? Author info | Abstract | Publisher info | Download info | Related research | Statistics W. Scott Frame
Lawrence J. White
The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. The authors describe the special features of these two companies and their roles in the mortgage markets and then discuss the controversies that surround the companies and offer recommendations for improvements in public policy.
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Paper provided by Federal Reserve Bank of Atlanta in its series Working Paper with number
2004-26.
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Date of creation: 2004Date of revision:
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Keywords: References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
McKenzie, Joseph A, 2002.
"A Reconsideration of the Jumbo/Non-jumbo Mortgage Rate Differential ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 25(2-3), pages 197-213, Sept.-Dec.
[Downloadable!] (restricted)
Peter Linneman & Susan Wachter, 1989.
"The Impacts of Borrowing Constraints on Homeownership ,"
Real Estate Economics ,
American Real Estate and Urban Economics Association, vol. 17(4), pages 389-402.
[Downloadable!] (restricted)
Painter, Gary & Redfearn, Christian L, 2002.
"The Role of Interest Rates in Influencing Long-Run Homeownership Rates ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 25(2-3), pages 243-67, Sept.-Dec.
[Downloadable!] (restricted)
Brent W. Ambrose & Michael LaCour-Little & Anthony B. Sanders, 2004.
"The Effect of Conforming Loan Status on Mortgage Yield Spreads: A Loan Level Analysis ,"
Real Estate Economics ,
American Real Estate and Urban Economics Association, vol. 32(4), pages 541-569, December.
[Downloadable!] (restricted)
Heuson, Andrea & Passmore, Wayne & Sparks, Roger, 2001.
"Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 23(3), pages 337-63, November.
[Downloadable!] (restricted)
Lawrence White, 2003.
"Focusing on Fannie and Freddie: The Dilemmas of Reforming Housing Finance ,"
Journal of Financial Services Research ,
Springer, vol. 23(1), pages 43-58, February.
[Downloadable!] (restricted)
Ambrose, Brent W & Warga, Arthur, 2002.
"Measuring Potential GSE Funding Advantages ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 25(2-3), pages 129-50, Sept.-Dec.
[Downloadable!] (restricted)
Aaronson, Daniel, 2000.
"A Note on the Benefits of Homeownership ,"
Journal of Urban Economics ,
Elsevier, vol. 47(3), pages 356-369, May.
[Downloadable!] (restricted)
Stulz, Rene M., 2004.
"Should We Fear Derivatives? ,"
Working Paper Series
2004-5, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
[Downloadable!]
Gervais, Martin, 2002.
"Housing taxation and capital accumulation ,"
Journal of Monetary Economics ,
Elsevier, vol. 49(7), pages 1461-1489, October.
[Downloadable!] (restricted)
Other versions: Green, Richard K. & White, Michelle J., 1997.
"Measuring the Benefits of Homeowning: Effects on Children ,"
Journal of Urban Economics ,
Elsevier, vol. 41(3), pages 441-461, May.
[Downloadable!] (restricted)
Other versions: Rene M. Stulz, 2004.
"Should We Fear Derivatives? ,"
NBER Working Papers
10574, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Lori L. Taylor, 1998.
"Does the United States still overinvest in housing? ,"
Economic and Financial Policy Review ,
Federal Reserve Bank of Dallas, issue Q II, pages 10-18.
[Downloadable!]
Wayne Passmore, 2003.
"The GSE implicit subsidy and value of government ambiguity ,"
Finance and Economics Discussion Series
2003-64, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Edwin S. Mills, 1987.
"Dividing up the investment pie: have we overinvested in housing? ,"
Business Review ,
Federal Reserve Bank of Philadelphia, issue Mar, pages 13-23.
[Downloadable!]
Edward J. Kane & Chester Foster, 1986.
"Valuing conjectural government guarantees of FNMA liabilities ,"
Proceedings ,
Federal Reserve Bank of Chicago, pages 347-368.
Alden L. Toevs, 2001.
"A critique of the CBO's sponsorship benefit analysis ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 150-164.
Dwight Jaffee, 2003.
"The Interest Rate Risk of Fannie Mae and Freddie Mac ,"
Journal of Financial Services Research ,
Springer, vol. 24(1), pages 5-29, August.
[Downloadable!] (restricted)
Naranjo, Andy & Toevs, Alden, 2002.
"The Effects of Purchases of Mortgages and Securitization By Government Sponsored Enterprises on Mortgage Yield Spreads and Volatility ,"
The Journal of Real Estate Finance and Economics ,
Springer, vol. 25(2-3), pages 173-95, Sept.-Dec.
[Downloadable!] (restricted)
Edwin S. Mills, 1987.
"Has the United States Overinvested in Housing? ,"
Real Estate Economics ,
American Real Estate and Urban Economics Association, vol. 15(1), pages 601-616.
[Downloadable!] (restricted)
Wayne Passmore & Roger W. Sparks, 2000.
"Automated Underwriting and the Profitability of Mortgage Securitization ,"
Real Estate Economics ,
American Real Estate and Urban Economics Association, vol. 28(2), pages 285-305.
[Downloadable!] (restricted)
Quercia, Roberto G. & McCarthy, George W. & Wachter, Susan M., 2003.
"The impacts of affordable lending efforts on homeownership rates ,"
Journal of Housing Economics ,
Elsevier, vol. 12(1), pages 29-59, March.
[Downloadable!] (restricted)
Other versions: Roberto Perli & Brian Sack, 2003.
"Does mortgage hedging amplify movements in long-term interest rates? ,"
Finance and Economics Discussion Series
2003-49, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
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