Research in Applied Economics
The Subprime Mortgage Reforms: The Case of Us Market
Abstract
The downfall of the mortgage industry in US has seen fingers being pointed to the government sponsored entities (Fannie Mae and Freddie Mac), while the roots cause of the formation of these entities were never closely followed. Originally the creation of the GSE was to create liquidity in the mortgage industry as part of public policy in providing housing for the middle and lower income group. Over time, resulting from a weak regulated environment saw the GSE suffering and now this left questioning the effectiveness of the initial policy.
Full Text:
PDFDOI: https://doi.org/10.5296/rae.v1i1.300
Copyright (c) 2009 Gurcharan Singh Pritam Singh Pritam Singh, Edward Sek Khin Wong, Jee Yoong Folk
This work is licensed under a Creative Commons Attribution 4.0 International License.
Research in Applied Economics ISSN 1948-5433
Email: rae@macrothink.org
Copyright © Macrothink Institute
To make sure that you can receive messages from us, please add the 'macrothink.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.