At the New York Fed: The Appropriate Government Role in U.S. Mortgage Markets
While the U.S. mortgage finance system was at the center of the recent financial crisis, it remains largely untouched by legislative reforms. At the center of these conversations are Fannie Mae and Freddie Mac—both of which were placed into federal conservatorship in September 2008.
Risky Business: Government Mortgage Insurance Programs
W. Scott Frame, Kristopher Gerardi, and Joseph Tracy Editors’ note: The column headings in the final table in this post have been corrected from an earlier version. Homeownership has long been a U.S. public policy goal. One of the many ways that the federal government subsidizes homeownership is through mortgage insurance programs operated by the […]