Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market
Foyalty 79

Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market (Paperback)

£25.95
To Order. Estimated despatch in 1-3 weeks.
Email me when back in stock

Synopsis

Fannie Mae and Freddie Mac, government-sponsored enterprises that played a prominent role in the financial crisis of 2008, and the federal government have come to a crossroads. The government must make key decisions about their structure, and indeed, their very existence. The government has played an important role in the American housing market since the early 1930s, when the Great Depression ushered in housing programs to promote a stable society. The government's role expanded further during the recent housing and financial crisis -Fannie Mae and Freddie Mac now dominate the American housing market, backing more than 62 percent of new mortgages and holding more than $5 trillion in accumulated mortgage risk. In The Future of Housing Finance Martin Baily and his associates discuss the issues and options that policymakers face as they reassess the government's role in the U.S. residential mortgage market. While presenting diverse analytical perspectives, including a contribution from former chairman of the Federal Reserve Alan Greenspan, all contributors agree that the government's support for mortgage financing in the recent past was too broad and deep but some role is necessary to maintain the stability of the housing finance market. The Obama administration has recommended reducing the role of Fannie and Freddie while replacing them with a private market approach, but continuing federal support for worthy borrowers. But what will Congress agree to? And how fast will it move on any initiative? Specific topics include: Introduction of a new system to reduce incentives that encourage excessive risk taking.Gradual withdrawal of Fannie and Freddie from the housing finance system.New approaches to regulating mortgage securitization, with financial stability as a primary goal.Use of government-backed guarantees through institutional structures designed to limit moral hazard.

BusinessEconomicsPolitical economyBusinessFinance & accountingFinanceProperty & real estateHistory & PoliticsPolitics & governmentCentral governmentCentral government policiesPhilosophy, Psychology & Social SciencesSocial welfare & social services Publisher: Brookings Institution Publication Date: 07/10/2011 ISBN-13: 9780815722083  Details: Type: Paperback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Martin Neil Baily is the Bernard L. Schwartz Chair in Economic Policy Development and a senior fellow and the director of the Initiative on Business and Public Policy in the Economic Studies program at the Brookings Institution. He was chairman of the Council of Economic Advisers during the Clinton administration (1999-2001) and one of three members of the council from 1994 to 1996.

More books by Martin Neil Baily

Leave Review

Delivery

Delivery Options

All delivery times quoted are the average, and cannot be guaranteed. These should be added to the availability message time, to determine when the goods will arrive. During checkout we will give you a cumulative estimated date for delivery.

Location 1st Book Each additional book Average Delivery Time
UK Standard Delivery FREE FREE 3-5 Days
UK First Class £4.50 £1.00 1-2 Days
UK Courier £7.00 £1.00 1-2 Days
Western Europe** Courier £17.00 £3.00 2-3 Days
Western Europe** Airmail £5.00 £1.50 4-14 Days
USA / Canada Courier £20.00 £3.00 2-4 Days
USA / Canada Airmail £7.00 £3.00 4-14 Days
Rest of World Courier £22.50 £3.00 3-6 Days
Rest of World Airmail £8.00 £3.00 7-21 Days

** Includes Austria, Belgium, Denmark, France, Germany, Greece, Iceland, Irish Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Switzerland.

Delivery Help & FAQs

Returns Information

If you are not completely satisfied with your purchase*, you may return it to us in its original condition with in 30 days of receiving your delivery or collection notification email for a refund. Except for damaged items or delivery issues the cost of return postage is borne by the buyer. Your statutory rights are not affected.

* For Exclusions and terms on damaged or delivery issues see Returns Help & FAQs

You might also like

Real Estate Finance and Investments
(Hardback)
Wayne R. Archer; Jay C. Hartzell;...
 
 
£209.99
 
Sell It Like Serhant: How to Sell...
(Paperback)
Ryan Serhant
 
 
£14.99
 
Affordable Housing Governance and...
(Hardback)
Gerard Van Bortel; Vincent Gruis;...
 
 
£95.00
 
© W&G Foyle Ltd
Foyles uses cookies to help ensure your experience on our site is the best possible. Click here if you’d like to find out more about the types of cookies we use.
Accept and Close