Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/60781 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Staff Report No. 466
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
We describe a set of six design principles for the reorganization of the U.S. housing finance system and apply them to one model for replacing Fannie Mae and Freddie Mac that has so far received frequent mention but little sustained analysis - the lender cooperative utility. We discuss the pros and cons of such a model and propose a method for organizing participation in a mutual loss pool and an explicit, priced government insurance mechanism. We also discuss how these principles and this model are consistent with preserving the 'to-be-announced,' or TBA, market - particularly if the fixed-rate mortgage remains a focus of public policy.
Schlagwörter: 
GSE
MBS
mortgage
JEL: 
G21
E02
G28
G01
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
197.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.