| Description |
1 electronic resource (xvii, 475 pages) |
|
text file |
| Bibliography |
Includes bibliographical references (pages 441-461) and index. |
| Contents |
Introduction -- Timeline -- The seeds are sown -- Two more tools in the tool-kit -- The role of the Housing and Urban Development Department (HUD) -- Mortgage data -- The "mission regulator" for Fannie Mae and Freddie Mac -- The GSEs and the developing crisis -- The dominance of the GSEs -- The beginning of the end for Freddie Mac -- The beginning of the end for Fannie Mae -- The years 2005 to 2007 : drinking in the last chance saloon -- The subprime market grew and grew and no one knew -- Why did Fannie Mae and Freddie Mac get away with it for so long? -- The end cometh -- What next? -- Appendix. Membership of the House Committee on Financial Services ; Membership of Senate Banking, Housing and Urban Affairs Committee ; Fannie and Freddie's contributions to members of the House Committee on Financial Services ; Fannie and Freddie's contributions to members of the Senate Banking, Housing and Urban Affairs Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the House Financial Services Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the Senate Banking Committee ; Contributions from Fannie Mae to Senate Banking Committee ; Contributions to presidential candidates ; Fannie's annual lobbying expenditure ; Real estate lobbying expenditure ; Lobbying reports for 2004, 2005, 2006, and 2007. |
| Summary |
"This book examines the role of Fannie Mae, Freddie Mac and other key players in the American mortgage market, in precipitating the current global financial crisis. From President Clinton's announcement of the 'National Home Ownership Strategy' in 1995 to its collapse in 2008, this book deftly explains the aims and consequences of extending mortgage lending to people who could not afford home ownership. Bankers, investment banks, rating agencies and derivatives have all been awarded their share of the blame, while politicians, regulators and government agencies have successfully avoided theirs. Fannie Mae and Freddie Mac have been implicated, but the true story of their marriage made in hell has never been told."--Publisher's description |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Language |
English. |
| Subject |
Federal Home Loan Mortgage Corporation.
|
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Federal Home Loan Mortgage Corporation. |
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Federal National Mortgage Association.
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Federal National Mortgage Association. |
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Freddie Mac (Firm) |
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Financial crises -- United States.
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Financial crises. |
|
United States. |
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Housing policy -- United States.
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Housing policy. |
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Housing -- United States -- Finance.
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Mortgage banks -- United States.
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Housing. |
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Subprime mortgage loans -- United States.
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Finance. |
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Mortgage banks. |
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Economic systems & structures. |
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Subprime mortgage loans. |
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BUSINESS & ECONOMICS -- Real Estate -- Mortgages. |
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Housing -- Finance -- Government policy. |
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Mortgage loans -- Government policy. |
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Secondary mortgage market. |
| Added Title |
Turning the American dream into a nightmare |
| Other Form: |
Print version: Fannie Mae and Freddie Mac London ; Bloomsbury Academic, 2012. 9781780930022 (hbk.) (DLC) 2012532012 |
| ISBN |
1780930046 ebook |
|
9781780930046 ebook |
|
178093002X |
|
9781780930022 hardback |
|
9781780930053 (electronic book) |
|
1780930054 (electronic book) |
|
9781780930039 |
|
1780930038 |
|
9781280699207 |
|
1280699205 |
|
1780935234 |
|
9781780935232 |
|
9786613676177 |
|
6613676179 |
|
