During the 2008 financial crisis, thesubprime mortgage crisisaffected Fannie Mae’s ability to purchase new mortgages from the market. Lenders engaged in unethical lending practices by lending to borrowers with poor credit history, which led to the housing bubble burst. The agency was delisted from ...
Fannie Mae’s (FNM)MyCommunity Mortgagewas at the forefront of the credit crisis, and had many sub-programs, all targeted at low income communities and borrowers. These programs supposedly highlighted the mission that made these GSEs as essential: they were doing what the private sector would no...
Rewriting Fannie Mae History.The article criticizes the views of former Fannie Mae chief executive officer (CEO) Franklin Raines on the reasons for the failure of the U.S. government-sponsored mortgage firms Fannie Mae and Freddie Mac.EBSCO_bspWall Street Journal Eastern Edition...
Auburn won its second national football championship in school history in 2010. Their first was in 1957. Based on that average, they might have their next national championship around 2063. I’m pretty sure I can take a pass on that. Roll Tide. This entry was posted in Houndstooth and tag...
History of Fannie Mae Fannie Mae was established in 1938 by the US Congress during theGreat Depressionas part of the New Deal instituted by President Franklin Roosevelt to manage the effects of the downturn on the economy. Its role was to grow the mortgage market by securitizing mortgages, th...
Fannie Mae, the Federal National Mortgage Association (FNMA), is agovernment-sponsored enterprise(GSE) chartered by Congress to stimulate homeownership and provide liquidity to the mortgage market.1Established in 1938 during theGreat Depressionas part of theNew Deal, Fannie Mae helps low- to moderate...
A Review of “The fateful history of Fannie Mae: new deal birth to mortgage crisis fall” By James R. Hagertydoi:10.1080/14616718.2013.876576Katrin B. AnackerSchool of Public PolicyGeorge Mason UniversityInternational Journal of Housing Policy...
(2014). A Review of "The fateful history of Fannie Mae: new deal birth to mortgage crisis fall" By James R. Hagerty. International Journal of Housing Policy: Vol. 14, No. 1, pp. 110-113. doi: 10.1080/14616718.2013.876576doi:10.1080/14616718.2013.876576...
Fannie Mae and Revisionist HistoryBenjamin Forgey
Franklin Raines