Residential Mortgages and Public Policy: What to do with Fannie and Freddie?
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Authors
Kohn, David
Sagner, James S.
Issue Date
2015-03-27
Type
Presentation
Language
en_US
Keywords
Business , United States of America , Residential mortgages , Public policy , Fannie Mae , Freddie Mac
Alternative Title
Abstract
The current debate on U.S. housing policy focuses on the role of the government in supporting the mort-gage market. Existing organizations (Fannie Mae/Freddie Mac) are in conservatorship, and Congress is considering alternative structures and guarantees including catastrophic insurance in support of the coverage from private companies. This research reviews public policy and the experience of governmental catastrophic insurance with particular reference to FDIC coverage for bank accounts.