Name: Transitioning to Alternative Structures for Housing Finance (en Inglés)
Price: 19840.00 CLP
Availability: InStock
Author: Congressional Budget Office
ISBN: 9781511570114

portada Transitioning to Alternative Structures for Housing Finance (en Inglés)

Formato

Libro Físico

Autor

Congressional Budget Office

Editorial

Createspace Independent Publishing Platform

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

28.0 x 21.6 x 0.4 cm

Peso

0.18 kg.

ISBN13

9781511570114

Categorías

Gestión empresarial

Transitioning to Alternative Structures for Housing Finance (en Inglés)

Congressional Budget Office (Autor) · Createspace Independent Publishing Platform · Tapa Blanda

Libro Nuevo

$ 19.840

$ 36.080

Ahorras: $ 16.240

45% descuento

Envío normal

Origen: Estados Unidos (Costos de importación incluídos en el precio)

Se enviará desde nuestra bodega entre el Viernes 19 de Julio y el Miércoles 31 de Julio.

Lo recibirás en cualquier lugar de Chile entre 1 y 3 días hábiles luego del envío.

Reseña del libro "Transitioning to Alternative Structures for Housing Finance (en Inglés)"

More than six years after the federal government took control of Fannie Mae and Freddie Mac, policy-makers are weighing a comprehensive overhaul of the mortgage finance system that could shrink or eventually close the two entities and create a system with more private capital. Fannie Mae and Freddie Mac were originally chartered as government-sponsored enterprises (GSEs) to ensure a stable supply of credit for residential mortgages nationwide. They operate in the secondary (or resale) market where they buy mortgages from the financial institutions that make the loans (thus ensuring that those institutions have a source of funds to originate new mortgages). Fannie Mae and Freddie Mac then pool those loans to create mortgage-backed securities (MBSs), which they guarantee against defaults on principal and interest payments by borrowers and sell to investors. Through its financial commitment to the two GSEs and its other mortgage programs, the federal government now directly or indirectly insures over 70 percent of all new residential mortgages. Loans guaranteed by Fannie Mae and Freddie Mac account for over two-thirds of those mortgages (about 50 percent of the total amount of mortgages), and loans insured by the Federal Housing Administration (FHA) make up most of the remaining federal share. Such government dominance was not always the case"in the 20 years before the financial crisis that began in 2007, roughly half of all mortgages were financed without backing from the federal government or either of the GSEs. As the effects of the financial crisis have receded and as the housing market has recovered, policymakers have taken some initial steps toward returning to a secondary mortgage market with more private-sector involvement. Those steps include raising the fees that Fannie Mae and Freddie Mac charge for their guarantees to levels that private firms may be better able to compete with. The Congressional Budget Office (CBO) expects that the steps already taken, together with pending changes to financial regulations, will reduce the two GSEs share of the mortgage market over the next 10 years.