House of Cards: Reforming America's Housing Finance System - Softcover

Thallam, Satya

9780989219327: House of Cards: Reforming America's Housing Finance System

Softcover

ISBN 10: 0989219321 ISBN 13: 9780989219327

Publisher: Mercatus Center at George Mason University, 2013

Fannie Mae and Freddie Mac—privately managed, profit-seeking government-sponsored enterprises (GSEs)—played a crucial role in inflating America’s housing bubble. Now that the bubble has burst and the GSEs’ mistakes have resulted in huge taxpayer losses, their role must be rethought. In this compendium, six leading mortgage and real-estate finance scholars present their proposals to reform America’s housing finance system in ways that are productive yet sensitive to the fragile state of the current recovery. Each proposal considers how to protect taxpayers from future losses associated with the GSEs, increase the role of private capital in financing mortgages, and maintain a safe and robust system to channel capital to able borrowers.

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About the Author:

About the Editor Satya Thallam is deputy director of research and policy at the Law and Economics Center at George Mason University. Previously, he was the director of the Financial Markets Working Group at the Mercatus Center at George Mason University. Contributors include Dwight M. Jaffee, Arnold Kling, Michael Lea, Anthony B. Sanders, Peter J. Wallison, and Lawrence J. White. Foreword by Edward Glaeser, author of Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier

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