| Housing Finance Working Paper Series Contributor(s): U. S. Dept of Housing and Urban Developm (Created by) |
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ISBN: 1288916345 ISBN-13: 9781288916344 Publisher: Bibliogov OUR PRICE: $14.96 Product Type: Paperback - Other Formats Published: March 2013 |
| Additional Information |
| BISAC Categories: - Political Science |
| Physical Information: 0.07" H x 7.44" W x 9.69" (0.18 lbs) 36 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This paper examines the borrower and neighborhood characteristics of mortgages purchased by Fannie Mae and Freddie Mac, the two major Government-Sponsored Enterprises (GSEs) in the conventional secondary mortgage market. The GSEs' mortgage purchases are compared to all mortgages originated in the conventional conforming loan market, including originations retained in portfolio by banks and thrift institutions. The analysis is based on Home Mortgage Disclosure Act (HMDA) data on home purchase loans originated in metropolitan areas between 1992 and 1995. The paper finds that there is room for further increases in purchases of affordable loans by Fannie Mae and, especially, Freddie Mac. |