Corpus ID: 16726962

Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard

@inproceedings{Stiglitz2002ImplicationsOT,
  title={Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard},
  author={J. E. Stiglitz and Jonathan M. Orszag and Peter R. Orszag},
  year={2002}
}
Economics at Columbia University, and Senior Director and Chairman of the Advisory Committee at Sebago Associates, Inc., an economic policy consulting firm. Dr. Stiglitz is the winner of the 2001 Nobel Prize in Economic Sciences. Previously, Dr. Stiglitz served as the World Bank’s Chief Economist and Senior Vice President for Development Economics and, before that, as the Chairman of the President’s Council of Economic Advisers. 
The Risk-Based Capital Test for Fannie Mae and Freddie Mac
In recent years, Fannie Mae and Freddie Mac have enlarged their retained mortgage portfolios, increasing their exposure to interest rate and prepayment risk. In principle, this risk is mitigated by aExpand
Fannie Mae's and Freddie Mac's voluntary initiatives: Lessons from banking
The federal government has an interest in the financial stability of Fannie Mae and Freddie Mac because of their importance to financial markets and the government's implicit guarantee of theirExpand
Will Pulling Out The Rug Help? Uncertainty About Fannie And Freddie'S Federal Guarantee And The Cost Of The Subsidy
Comments by the Federal Reserve Chairman often evoked concerns about whether the government would protect bondholders in the event of default by Fannie Mae and Freddie Mac (F&F). Using a model ofExpand
The Failure of Supervisory Stress Testing : OFHEO ’ s Risk-Based Capital Model for Fannie Mae and Freddie Mac
This paper studies the sources of failure of the Office of Federal Housing Enterprise Oversight’s (OFHEO) risk-based capital stress test for Fannie Mae and Freddie Mac. The analysis documents theExpand
An Options-Based Approach to Evaluating the Risk of Fannie Mae and Freddie Mac
Abstract Fannie Mae and Freddie Mac assume a significant amount of interest and prepayment risk and all of the credit risk for about half of the $8 trillion U.S. residential mortgage market. TheirExpand
Reforming Fannie and Freddie: Privatization is the Way
Fannie Mae and Freddie Mac are unique and controversial participants in the housing finance system of the United States. Because of these enterprises' government charters, the financial marketsExpand
An Assessment of Fannie Mae and Freddie Mac’s Contribution to the Financial Crisis of 2008
Some observers contend that the housing government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, were responsible for the financial crisis due to their financial support for the subprimeExpand
The Interest Rate Risk of Fannie Mae and Freddie Mac
This paper evaluates the interest rate risk of Fannie Mae and Freddie Mac (F&F) and develops related public policy proposals. F&F merit special attention due to (1) their potentially very largeExpand
The Rescue of Fannie Mae and Freddie Mac
We describe and evaluate the measures taken by the U.S. government to rescue Fannie Mae and Freddie Mac in September 2008. We begin by outlining the business model of these two firms and their roleExpand
The U.S. Housing Finance Debacle, Measures to Assure its Non-Recurrence, and Reform of the Housing GSEs
We provide another perspective regarding Fannie Mae's and Freddie Mac's impact on the recent financial crisis. We conclude that the crisis and the GSEs being placed into conservancy were primarilyExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 13 REFERENCES
Freddie Mac and Fannie Mae: their funding advantage and benefits to consumers
The benefits that American consumers derive from the activities of Freddie Mac and Fannie Mae and the advantages these private corporations receive from their federal charters are central issues inExpand
Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac
Fannie Mae and Freddie Mac have aggressively used their government support to achieve extraordinarily high profitability and domination of the residential mortgage market.
NEITHER FISH NOR FOWL: An Overview of the Big-Three Government-Sponsored Enterprises in the U.S. Housing Finance Markets
This paper provides an overview of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks—the “Big Three” government-sponsored enterprises, or GSEs—in the U.S. housing finance markets. We beginExpand
Time Series Analysis
We provide a concise overview of time series analysis in the time and frequency domains, with lots of references for further reading.
An Analysis of the Likelihood of the Credit Event in OFHEO's Risk Based Capital Rule
  • An Analysis of the Likelihood of the Credit Event in OFHEO's Risk Based Capital Rule
  • 2002
Federal Subsidies and The Government-Sponsored Enterprises: An Analysis of the CBO Study
  • Bank Accounting & Finance
  • 2001
Federal Subsidies and the Housing GSEs
  • Congressional Budget Office
  • 2001
Time Series Analysis (Princeton University Press: Princeton)
  • 1994
Budget of the United States Government, Fiscal Year 1992, Part Two
  • Office of Management and Budget
  • 1991
...
1
2
...