The Senate Banking Committee’s Proposal For Replacing Fannie Mae and Freddie Mac

The Mortgage Professor

Download Document

Date Published 2014
Primary Author Jack Guttentag
Other Authors
Theme Funding Housing Finance
Country United States


Fannie Mae and Freddie Mac, once the twin kingpins of the home loan market, have been languishing in Federal conservatorship since September 6, 2008. While their continued presence is an embarrassment to many on both sides of the political aisle, it is generally understood that the agencies can’t be axed without seriously disrupting the market, and that a phase-out should occur over a period of years -- to coincide with a phase-in of the institutions that will replace them. The problem has been the absence of a coherent game plan for developing those institutions.

< Back to Search Results