A government-sponsored enterprise (GSE) is a financial services corporation
created by the ... Fannie Mae and Freddie Mac, the two most prominent GSEs,
purchase mortgages and package them into .... ...
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) —
i.e., private companies sponsored by the government — in the U.S. home ...
Originating banks have to follow certain rules and guidelines (e.g., at least 20%
Government-sponsored enterprises are specially char- ... of the larger GSEs —
especially Fannie Mae, Freddie. Mac, and the Federal .... been understood for
many years (see, e.g., Stanton. 1991 ..... lem (i.e., the market imperfection) it
Freddie Mac (the Government-Sponsored Enterprises or “GSEs”) into
conservatorship. ... and into making the market in subprime loans (e.g., Rajan (
2010)). ..... characteristic – i.e. high LTV loans made to borrowers of poor credit
quality – was ...
Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie
Mac), Student ... The sheer size of government-sponsored enterprises' financial
obliga- tions of over .... For example, no equity capital is required for risks
associated with ..... tors when the need for funds was the greatest-i.e., when the
Oct 11, 2005 ... no means for effectuating a reorganization8 (i.e., a modification of ... Fannie and
Freddie are “government-sponsored enterprises” (GSEs): ... See generally, e.g.,
Richard W. Bartke, Fannie Mae and the Secondary Mortgage ...
May 8, 2010 ... Will Government Sponsored Enterprises be the next Financial Crisis? (
HarperCollins ... See, e.g., 12 U.S.C. § 4617 (2008) (prescribing the terms of
conservatorship of ... five GSEs: Fannie Mae, Freddie Mac, the Federal Home
Loan .... purchasing subprime mortgages (i.e., those with borrowers who failed to
For several decades, the government-sponsored enterprises (GSEs ... proposals
for reform and how variants of Fannie and Freddie might fit into that picture. .....
mix of underlying products (i.e., only their portfolios were vulnerable to PLS
subprime .... in helping build a secondary market for multifamily housing (see,
e.g., HUD ...
The topic of Government Sponsored Enterprise (GSE) privatization is at least 2
decades ... 3 HUD User, Studies on Privatizing Fannie Mae and Freddie Mac,
May 1996 .... traded at liquidation value with no value accorded to the franchise (
i.e., .... benefits of GSE status (e.g., securities and tax exemptions) upon
Apr 2, 2006 ... Abstract: Fannie Mae and Freddie Mac are government-sponsored enterprises ...
Key words: government-sponsored enterprises, systemic risk, portfolio limits .... 7
Lenders can also continue to service the loans (i.e., collect and .... market's
perception of an implied guarantee (e.g., Frame and White, 2004).