The future of the government sponsored enterprises
Subtitle: the role for government in the U.S. mortgage market
By: Dwight Jaffee, John M. Quigley
Contributors: Quigley, John M.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17685; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17685.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This paper analyzes options for reforming the U.S.  housing finance system in view of the failure of Fannie Mae and Freddie Mac as government sponsored enterprises (GSEs).  The options considered include GSE reform, a range of possible new governmental mortgage guarantee plans, and greater reliance on private mortgage markets.  The analysis also considers the likely consequences of adopting alternative roles for government in the U.S.  housing and mortgage markets.  We start by reviewing the history of the GSEs and their contributions to the operation of U.S.  housing and mortgage markets, including the actions that led to their failure in conjunction with the recent mortgage market crisis.  The reform options we consider include those proposed in a 2011 U.S.  Treasury White Paper, plans for new government mortgage guarantees from various researchers and organizations, and the evidence from Western European countries for the efficacy of private mortgages markets.Published: The Future of the Government Sponsored Enterprises: The Role for Government in the U.S.  Mortgage Market, Dwight Jaffee, John M.  Quigley, in Housing and the Financial Crisis (2012), University of Chicago Press"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/21/2012.

Includes bibliographical references.

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