The Subprime Mortgage Reforms: The Case of US Market
Document Type
Article
Publication Date
1-1-2009
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.
Keywords
Subprime Mortgage, Reforms, US Market
Divisions
Faculty_of_Business_and_Accountancy
Publication Title
Research in Applied Economics
Volume
1
Issue
1
Publisher
Macrothink Institute
COinS