The Housing Mission Of The Office Of Federal Enterprise Oversight And The Financial Safety And Soundness Of Fannie Mae And Freddie Mac PDF Download
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Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation |
Publisher | : |
Total Pages | : 84 |
Release | : 2002 |
Genre | : Government-sponsored enterprises |
ISBN | : |
Download The Housing Mission of the Office of Federal Enterprise Oversight and the Financial Safety and Soundness of Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
Author | : United States. Congress |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 68 |
Release | : 2018-02-12 |
Genre | : |
ISBN | : 9781985278905 |
Download The Housing Mission of the Office of Federal Enterprise Oversight and the Financial Safety and Soundness of Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
The housing mission of the Office of Federal Enterprise Oversight and the financial safety and soundness of Fannie Mae and Freddie Mac : hearing before the Subcommittee on Housing and Transportation of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Seventh Congress, first session on the resources and effectiveness of OFHEO as a regulator, the capital
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation |
Publisher | : |
Total Pages | : 68 |
Release | : 2002 |
Genre | : Government-sponsored enterprises |
ISBN | : |
Download The Housing Mission of the Office of Federal Enterprise Oversight and the Financial Safety and Soundness of Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
Author | : Gene L. Dodaro |
Publisher | : DIANE Publishing |
Total Pages | : 73 |
Release | : 2010-10 |
Genre | : Law |
ISBN | : 1437922120 |
Download Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
Congress estab. Fannie Mae and Freddie Mac (the enterprises) with 2 key housing missions: (1) provide stability in the secondary market for residential mortgages; and (2) serve the mortgage credit needs of targeted groups such as low-income borrowers. To accomplish these goals, the enterprises issued debt and stock, and purchased mortgages from lenders with the proceeds. On Sept. 6, 2008, the Fed. Housing Finance Agency placed the enterprises into conservatorship out of concern that their deteriorating financial condition would destabilize the financial system. This report discusses the enterprises' performance in meeting mission requirements, identifies and analyzes options to revise their structures, and discusses key transition issues. Illus.
Author | : United States. Congress. House. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises |
Publisher | : |
Total Pages | : 272 |
Release | : 1998 |
Genre | : Law |
ISBN | : |
Download GAO Study of HUD's Role as a Mission Regulator of Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
Author | : William B. Shear |
Publisher | : DIANE Publishing |
Total Pages | : 19 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437924034 |
Download Fannie Mae and Freddie Mac: Analysis of Options for Revising the Housing Enterprises' Long-Term Structures Book in PDF, ePub and Kindle
Discusses options for restructuring Fannie Mae and Freddie Mac. On Sept. 6, 2008, both enterprises were placed in conservatorship out of concern that their deteriorating financial condition and potential default on $5.4 trillion in financial obligations threatened the stability of financial markets. This testimony: (1) summarizes the enterprises' performance in achieving key housing mission objectives; (2) identifies various options for revising the enterprises' long-term structures; (3) analyzes these options in terms of their potential capacity to achieve key housing mission and safety objectives; and (4) discusses how the fed. gov¿ts. mgmt. of the conservatorships and response to the housing crisis could affect any transition. Illus.
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations |
Publisher | : |
Total Pages | : 72 |
Release | : 2004 |
Genre | : Political Science |
ISBN | : |
Download Review of the Office of Federal Housing Enterprise Oversight and Federal Housing Finance Board Book in PDF, ePub and Kindle
Author | : James R. Cristie |
Publisher | : Nova Publishers |
Total Pages | : 360 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9781600213564 |
Download Fannie Mae and Freddie Mac Book in PDF, ePub and Kindle
In the late 1980s and 1990s, Fannie Mae grew rapidly into the largest firm in the U.S. housing finance system and a major global financial institution. The Enterprise achieved double-digit growth in earnings per common share (EPS) for 15 straight years and leveraged its extraordinary financial success into enormous political influence. That financial and political success gave rise to a corporate culture at Fannie Mae in which senior management promoted the Enterprise as one of the lowest-risk financial institutions in the world and as "best in class" in terms of risk management, financial reporting, internal control, and corporate governance. This book describes the development and extent of the problems with Fannie Mae's accounting policies, internal controls, financial reporting, and corporate governance that led to the restatement of the Enterprise's financial reports and the actions to remedy that situation that the Office of Federal Housing Enterprise Oversight (OFHEO) has directed the Enterprise to take to date. The book also recommends that actions be taken to enhance the goal of maintaining the safety and soundness of Fannie Mae.
Author | : |
Publisher | : |
Total Pages | : 6 |
Release | : 2008 |
Genre | : Housing |
ISBN | : |
Download Fannie Mae's and Freddie Mac's Financial Problems Book in PDF, ePub and Kindle
Recent turmoil in the housing and financial markets have caused concern over the future of Fannie Mae and Freddie Mac, which are chartered by Congress as government-sponsored enterprises (GSEs) and are widely believed to have an implicit guarantee from the federal government. Treasury Secretary Henry M. Paulsen, Jr., has proposed legislation to increase the two GSEs' line of credit with Treasury from its current $2.25 billion each to an unspecified higher amount to allow Treasury to purchase stock from Fannie and Freddie. The Federal Reserve has taken actions to allow Fannie and Freddie to borrow directly from the Fed. The Office of Federal Housing Enterprise Oversight (OFHEO) -- the GSEs safety and soundness regulator -- has repeated assurances that Fannie and Freddie have adequate capital, but as highly leveraged financial intermediaries Fannie Mae and Freddie Mac have limited resources against losses.
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 76 |
Release | : 1998 |
Genre | : Government-sponsored enterprises |
ISBN | : |
Download Federal Housing Enterprises Book in PDF, ePub and Kindle