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Fannie Mae and Freddie Mac Takeover: A Short-Term Solution in an Industry with Longer-Term IssuesPublished by: IDC Published: Sep. 19, 2008 - 6 Pages Table of ContentsTable of Contents In This Perspective How We Got to This Point The Drive for Expanded Homeownership Led to Deteriorating Underwriting Standards The Collapse of the Housing Market and the Liquidity Crisis The Government Action and Its Implications A Mixed Bag for Consumers Financial Institutions Face Increased Regulation FinTech Vendors See New Opportunity The Long-Term Question Learn More Related Research AbstractThis Financial Insights Perspective reviews the takeover of mortgage giants Fannie Mae and Freddie Mac by the Federal Finance Housing Agency. "A perfect storm" has hit the U.S. mortgage industry. This has led to risk within the mortgage industry reaching an intolerable level, and the takeover of mortgage giants Fannie Mae and Freddie Mac by the Federal Housing Finance Agency (FHFA). Financial Insights' opinion is that this is a positive development for the economy and mortgage industry, but not a long-term solution to repair a fundamentally damaged market. Get Full Details About This Report >> |
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