Download or read book Legislative Proposals on Gse Reform written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-25 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legislative proposals on GSE reform : hearing before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises of the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, March 12, 2007.
Download or read book Legislative Proposals on Government sponsored Enterprise GSE Reform written by United States House of Representatives and published by . This book was released on 2020-02-08 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legislative proposals on government-sponsored enterprise (GSE) reform: hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, March 15, 2007.
Download or read book Legislative Proposals on GSE Reform written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on Government Sponsored Enterprise Gse Reform written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2018-01-26 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legislative proposals on government-sponsored enterprise (GSE) reform : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, first session, March 15, 2007.
Download or read book Legislative Proposals on Government sponsored Enterprise GSE Reform written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2007 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on Government Sponsored Enterprise GSE Reform Hearing Before the Committee on Financial Services U S House of Representatives written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on GSE Reform Hearing Before the Subcommittee on Capital Markets Insurance and Government Sponsored Enterprises of the Committee on Financial Services U S House of Represent written by nsored Enterprises and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on GSE Reform Serial No 110 12 March 12 2007 110 1 Hearing written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2007* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on GSE Reform written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals on Government sponsored Enterprise GSE Reform written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2007 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government Sponsored Enterprises GSEs written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs), chartered by Congress to establish a secondary mortgage market to improve the availability of capital for home mortgage financing. To help these privately-owned institutions accomplish this mission, Congress granted them several statutory benefits not available to other private companies. The advantages of GSE status have helped the enterprises to grow very large and dominate the secondary mortgage market. In 1992, Congress established the Office of Federal Housing Enterprise Oversight (OFHEO), an agency within the Department of Housing and Urban Development (HUD), to oversee the financial safety and soundness of the enterprises. OFHEO is authorized to set capital requirements, conduct annual risk-based examinations, and generally enforce compliance with safety and soundness standards. With the rapid growth of the GSEs, and major accounting scandals at Fannie Mae and Freddie Mac, the effectiveness of the current regulatory regime has been widely questioned. Several legislative proposals considered in the 108th and earlier Congresses addressed GSE regulatory reform, but none was enacted. However, adequacy of GSE regulation remains a prominent legislative issue. While improving supervision of Fannie Mae and Freddie Mac is the major focus, regulatory reform also involves the 12 Federal Home Loan Banks, which comprise one collective GSE. The Federal Home Loan Banks lend to lenders -- their member banks -- primarily for housing, but also for many other purposes. Under the proposed GSE reform, they would be brought under a single regulatory umbrella with Fannie and Freddie. In the 109th Congress, H.R. 1461 and S. 190 propose to restructure the GSE supervisor and enhance its regulatory powers. H.R. 1461 was marked up and reported by the Financial Services Committee on May 25, 2005, and passed the full House, with amendments, on October 26, 2005. Chairman Shelby put forward an amendment in the nature of a substitute for S. 190, which was marked up and approved by the Banking Committee on July 28, 2005. Common provisions of S. 190 and H.R. 1461 would abolish OFHEO and establish an independent agency to oversee the housing GSEs and the Federal Home Loan Banks; enhance the safety and soundness, disclosure, and enforcement tools available to the new regulator; and increase the budget autonomy of the new agency by exempting its assessments from the annual appropriations process. S. 190 as reported takes the further step of limiting the type of assets that Fannie and Freddie could hold in their investment portfolios. This report summarizes legislative proposals in the 109th Congress that aim to strengthen the regulation of the GSEs, and will be updated as warranted.
Download or read book Legislative Proposals on GSE Reform written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and published by . This book was released on 2007 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improving the Effectiveness of GSE Oversight written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fannie Mae and Freddie Mac, two of the largest government-sponsored enterprises (GSEs), were created to establish a secondary mortgage market in order to improve the distribution of capital available for home mortgage financing. To help these institutions accomplish this mission, Congress granted them several statutory benefits not available to other private companies. The advantages of GSE status have helped the enterprises to grow rapidly and become the dominant players in the secondary mortgage market. In 1992, Congress established the Office of Federal Housing Enterprise Oversight (OFHEO), an independent agency within the Department of Housing and Urban Development (HUD), to oversee the financial safety and soundness of the enterprises. OFHEO is authorized to set capital requirements, conduct annual riskbased examinations, and generally enforce compliance with safety and soundness standards. With the rapid growth in the GSEs, questions have been raised about the effectiveness of the current regulatory regime. Several legislative proposals introduced in the past addressed GSE regulatory reform, but Congress did not take action on them. However, with the recent accounting problems at both Fannie Mae and Freddie Mac, the adequacy of GSE regulation has become a prominent legislative issue once again. Four bills were considered in the 108th Congress that aimed to strengthen the current regulatory framework and improve the effectiveness of GSE supervision: H.R. 2575 (Representative Baker), H.R. 2803 (Representative Royce), S. 1508 (Senators Hagel Sununu Dole), and S. 1656 (Senator Corzine). On March 26, 2004, Chairman Shelby of the Senate Banking Committee released a draft bill, which was offered as a substitute for S. 1508 during markup on April 1, 2004, and passed by the committee with several amendments. No further legislative action was taken during the 108th Congress.
Download or read book Improving the Effectiveness of GSE Oversight written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Limiting Fannie Mae s and Freddie Mac s Portfolio Size written by N. Eric Weiss and published by . This book was released on 2006 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislative Proposals to Ensure the Safety and Soundness of Government sponsored Enterprises written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1992 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.
