Federal National Mortgage Association and Federal Loan Mortgage Association View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2014

AUTHORS

Dimitris N. Chorafas

ABSTRACT

Some people think that the Federal National Mortgage Association (FNMA, Fannie Mae) and Federal Loan Mortgage Association (FHMA, Freddie Mac)1 now belong to history and therefore their case should be kept in the time closet. That’s not true. First because their massive failure has taught many lessons on the unwanted consequences of runaway finance that will be lost if they just fade from the public eye. Second, because some Western governments, the British being one of them, contemplate resurrecting their defunct model through organizations aimed at recycling mortgages and (at least theoretically) promoting real estate sales. More... »

PAGES

127-150

Book

TITLE

Banks, Bankers, and Bankruptcies under Crisis

ISBN

978-1-349-49368-5
978-1-137-43699-3

Identifiers

URI

http://scigraph.springernature.com/pub.10.1057/9781137436993_7

DOI

http://dx.doi.org/10.1057/9781137436993_7

DIMENSIONS

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