Housing Finance Reform: Private Markets Versus Government Guarantees

Autor:	Dwight M. Jaffee
Rok vydání:	2011
Předmět:	Finance Economics and Econometrics Government Scope (project management) business.industry Strategy and Management Economics Plan (drawing) Duration (project management) business
Zdroj:	Quarterly Journal of Finance. :823-836
ISSN:	2010-1406 2010-1392
DOI:	10.1142/s2010139211000213
Popis:	This paper evaluates the major alternative proposals for reforming the U.S. home mortgage market assuming that the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mae, will be closed. The paper compares proposals that advocate primary reliance on private markets to take on the GSE functions with proposals that advocate government mortgage guarantees, including a discussion of how these plans differ in terms of duration, scope, and risk-sharing. The paper concludes with a discussion of current government attempts to expedite the modification or refinancing of existing mortgages, including a plan for the transition from the current situation to the long-term reforms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a0af5b25f14b497bfc6af956ae2ca8e7 https://doi.org/10.1142/s2010139211000213 Zobrazit plný text záznamu