Reforming America's Housing Finance Market
By:Department of Department of the Treasury
Published on 2014-05-09 by CreateSpace
The Administration will work with the Federal Housing Finance Agency (|FHFA|) to develop a plan to responsibly reduce the role of the Federal National Mortgage Association (|Fannie Mae|) and the Federal Home Loan Mortgage Corporation (|Freddie Mac|) in the mortgage market and, ultimately, wind down both institutions. We recommend FHFA employ a number of policy levers - including increased guarantee fee pricing, increased down payment requirements, and other measures - to bring private capital back into the mortgage market and reduce taxpayer risk. As the market improves and Fannie Mae and Freddie Mac are wound down, it should be clear that the government is committed to ensuring that Fannie Mae and Freddie Mac have sufficient capital to perform under any guarantees issued now or in the future and the ability to meet any of their debt obligations. We believe that under our current Preferred Stock Purchase Agreements (PSPAs), there is sufficient funding to ensure the orderly and deliberate wind down of Fannie Mae and Freddie Mac, as described in our plan.
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Book which was published by CreateSpace since 2014-05-09 have ISBNs, ISBN 13 Code is 9781499397307 and ISBN 10 Code is 1499397305
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