The Subprime Mortgage Reforms: The Case of US Market

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 mortga...

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Main Authors: Gurcharan, S., Wong, E.S.K., Folk, J.Y.
Format: Article
Published: Macrothink Institute 2009
Subjects:
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author Gurcharan, S.
Wong, E.S.K.
Folk, J.Y.
author_facet Gurcharan, S.
Wong, E.S.K.
Folk, J.Y.
author_sort Gurcharan, S.
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description 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.
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spelling um.eprints-131032015-03-24T01:33:39Z http://eprints.um.edu.my/13103/ The Subprime Mortgage Reforms: The Case of US Market Gurcharan, S. Wong, E.S.K. Folk, J.Y. HF Commerce 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. Macrothink Institute 2009 Article PeerReviewed Gurcharan, S. and Wong, E.S.K. and Folk, J.Y. (2009) The Subprime Mortgage Reforms: The Case of US Market. Research in Applied Economics, 1 (1). pp. 1-9. ISSN 1948-5433, DOI https://doi.org/10.5296/rae.v1i1.300 <https://doi.org/10.5296/rae.v1i1.300 >. http://www.macrothink.org/journal/index.php/rae/article/view/300 http://dx.doi.org/10.5296/rae.v1i1.300
spellingShingle HF Commerce
Gurcharan, S.
Wong, E.S.K.
Folk, J.Y.
The Subprime Mortgage Reforms: The Case of US Market
title The Subprime Mortgage Reforms: The Case of US Market
title_full The Subprime Mortgage Reforms: The Case of US Market
title_fullStr The Subprime Mortgage Reforms: The Case of US Market
title_full_unstemmed The Subprime Mortgage Reforms: The Case of US Market
title_short The Subprime Mortgage Reforms: The Case of US Market
title_sort subprime mortgage reforms the case of us market
topic HF Commerce
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