Bert Ely, Coupons and you will Financing Drama, The newest To the stage Encyclopedia off Economics, 2008, (reached )

44″> At the time of 2004, brand new lead cost to help you federal taxpayers in the resolution of one’s discounts and you will mortgage drama of your own later 1980s is actually $124 billion, an offer one to excludes the new 10s out-of billions of bucks taxed in order to financially solvent representative FHLB lending and you will lender institutions during the government quality.

45″> Wayne Passmore, Shane M. Sherlund, and you can Gillian Burgess, The result off Construction Authorities-Paid People toward Home loan Rates, A residential property Business economics, Vol. 33, Zero. step three (), pp. 427463, and Alex Kaufman, New Influence off Fannie and you will Freddie into Home mortgage Terms, A house Business economics, Vol. 42, No. 2 (2014), pp. 472496.

46″> Karsten Jeske, Dirk Krueger, and you can Kurt Mitman, Construction, Financial Bailout Promises, in addition to Macro Economy, Preprint published to Log away from Financial Business economics, ,

Throughout the supplementary industry, Fannie mae is actually subscribed to help you make functions and create liquidity to possess residential mortgages qualified (and you will, as the revised) underneath the National Construction Operate, and therefore this hobby is worried about home loans insured of the the brand new FHA and you will from financial system centered to possess armed forces pros

47″> These reforms believe that there are not any licensed financial (QM) standards, with no licensed residential mortgage (QRM) criteria, and other government laws in accordance with conditions getting mortgage loans within the the new (current) old-fashioned home loan money system. Continue reading →