4 Reviews |
Community Responses: [2 Votes ] 100%[2]
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Description :
In this book authors have examined the growth of Fannie Mae and Freddie Mac from the point of view of tax payers and non-subsidized lenders and other mortgage market participants.
These two government-sponsored enterprises have achieved high profitability and authority in residential mortgage market. This book tries to analysis all the factors involved in the growth of Fannie and Freddie in relation to growth of the conventional/conforming sector of the market.
Price : $10.00
Download link : Download from here
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colin says :
There growth can be figured from the fact that they had assumed risk of greater than a quarter of all residential mortgages in the country by 1998.
And estimates tell us that they were holding almost half of all residential mortgage risks by 2003.
The book analyzes implications of such growth for others who compete with them to get a share of residential mortgage assets. And its effect on market share, profits & revenue for genuinely private-sector mortgage lenders.
Authors view this growth as a main reason for a somewhat steady nationalization of the mortgage market in the country. The book certainly makes interesting reading.
Colin
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Guest says :
Bert Ely, the principal at Ely & Company, Inc., is a consultant on monetary policy and financial institutions and Peter J. Wallison is a resident fellow at the American Enterprise Institute, where he co-directs the Program on Financial Market Deregulation.
The book they have presented is really very informative and provides insight into the growth pattern Fannie Mae and Freddie Mac have gone through.
Judith Rich
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Guest says :
Many have started considering Fannie and Freddie as threats to private sector competitors. This book tries to analysis it in detail. To maintain their growth of profit on which their stock prices depend they have slowly made inroads into the business field of private sector lending institutions. The book narrates how it has happened.
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Guest says :
Nationalizing Mortgage Risk, is a book that tells us how the mortgage market is changing and impact of Fannie Mae and Freddie Mac on it. Overall a good purchase.
- annboudreau
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