Volume 2014 - Number 38
October 10, 2014
Expert: Recapitalize Fannie and Freddie by Ending Government’s Profit Sweep and Draining Portfolios
Ending the conservatorships of the government-sponsored enterprises and recapitalizing Fannie Mae and Freddie Mac is the “most pragmatic and feasible” solution to facilitate housing finance reform and protect taxpayers, according to a recently issued white paper. In his blueprint for ending GSE conservatorship, Clifford Rossi – adjunct professor at the Robert H. Smith School of Business, University of Maryland, College Park – calls for an administrative solution by recapitalizing Fannie and Freddie and bringing the GSEs out of conservatorship under strict conditions as the next best way of implementing housing finance reform short of legislation. “Conservatorship was...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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