Fannie Mae and Freddie Mac turning the American dream into a nightmare Turning the American dream into a nightmare McDonald, Oonagh. creator text bibliography Electronic books. enk 2012 monographic eng remote 1 online resource (xvii, 475 pages ) "This book examines the role of Fannie Mae, Freddie Mac and other key players in the American mortgage market, in precipitating the current global financial crisis. From President Clinton's announcement of the 'National Home Ownership Strategy' in 1995 to its collapse in 2008, this book deftly explains the aims and consequences of extending mortgage lending to people who could not afford home ownership. Bankers, investment banks, rating agencies and derivatives have all been awarded their share of the blame, while politicians, regulators and government agencies have successfully avoided theirs. Fannie Mae and Freddie Mac have been implicated, but the true story of their marriage made in hell has never been told."--Publisher's description Introduction -- Timeline -- The seeds are sown -- Two more tools in the tool-kit -- The role of the Housing and Urban Development Department (HUD) -- Mortgage data -- The "mission regulator" for Fannie Mae and Freddie Mac -- The GSEs and the developing crisis -- The dominance of the GSEs -- The beginning of the end for Freddie Mac -- The beginning of the end for Fannie Mae -- The years 2005 to 2007 : drinking in the last chance saloon -- The subprime market grew and grew and no one knew -- Why did Fannie Mae and Freddie Mac get away with it for so long? -- The end cometh -- What next? -- Appendix. Membership of the House Committee on Financial Services ; Membership of Senate Banking, Housing and Urban Affairs Committee ; Fannie and Freddie's contributions to members of the House Committee on Financial Services ; Fannie and Freddie's contributions to members of the Senate Banking, Housing and Urban Affairs Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the House Financial Services Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the Senate Banking Committee ; Contributions from Fannie Mae to Senate Banking Committee ; Contributions to presidential candidates ; Fannie's annual lobbying expenditure ; Real estate lobbying expenditure ; Lobbying reports for 2004, 2005, 2006, and 2007. Oonagh McDonald. Includes bibliographical references (pages 441-461) and index. English. n-us--- Federal Home Loan Mortgage Corporation. Federal National Mortgage Association. Federal National Mortgage Association Freddie Mac (Firm) Financial crises United States Housing policy United States Housing United States Finance Mortgage banks United States Subprime mortgage loans United States Secondary mortgage market United States Mortgage loans Government policy United States Housing Finance Government policy United States Marché hypothécaire secondaire États-Unis Prêts hypothécaires Politique gouvernementale États-Unis Logement Finances Politique gouvernementale États-Unis Prêts hypothécaires à risque États-Unis Logement Politique gouvernementale États-Unis Logement États-Unis Finances Economic systems & structures BUSINESS & ECONOMICS Real Estate Mortgages Finance Financial crises Housing Finance Government policy Housing policy Mortgage banks Mortgage loans Government policy Secondary mortgage market Subprime mortgage loans United States Finanzkrise Hypothekenbank USA Geschichte 1990-2011. HG2040.5.U5 332.7220973 QK 620 OAPEN (Open Access Publishing in European Networks) OAPEN Fannie Mae and Freddie Mac London ; Bloomsbury Academic, 2012. (DLC) 2012532012 1780930046 9781780930046 178093002X 9781780930022 9781780930053 1780930054 9781780930039 1780930038 9781280699207 1280699205 1780935234 9781780935232 9786613676177 6613676179 2020719079 367617 MIL http://proxy.library.tamu.edu/login?url=https://doi.org/10.5040/9781780930039?locatt=label:secondary_bloomsburyCollections DLC 130320 20250218182655.1 in00005617876 eng