01 Sep Bert Ely, Offers and you can Mortgage Drama, The fresh To the stage Encyclopedia out-of Business economics, 2008, (reached )
44"> By 2004, the fresh new direct costs in order to federal taxpayers regarding the resolution of the discounts and loan drama of your own afterwards eighties was $124 mil, a price that excludes brand new 10s out of billions of cash taxed to financially solvent affiliate FHLB financing and you may bank establishments into the government resolution.
45"> Wayne Passmore, Shane M. Sherlund, and Gillian Burgess, The end result away from Casing Government-Paid Organizations on Home loan Pricing, A property Economics, Vol. 33, Zero. step 3 (), pp. 427463, and you will Alex Kaufman, The fresh new Dictate regarding Fannie and you may Freddie toward Mortgage Terminology, A house Business economics, Vol. 42, No. 2 (2014), pp. 472496.
46"> Karsten Jeske, Dirk Krueger, and you may Kurt Mitman, Construction, Mortgage Bailout Claims, as well as the Macro Discount, Preprint published to Diary of Monetary Business economics, ,
On the second industry, Fannie mae is actually licensed so you can conduct operations and create liquidity for home-based mortgages eligible (and you can, because revised) under the National Construction Operate, which means that it interest try focused on lenders insured by the fresh new FHA and you may from financial program based to possess armed forces veterans
47"> This type of reforms assume that there aren't any accredited financial (QM) requirements, no licensed domestic mortgage (QRM) conditions, or other federal legislation per standards for mortgages when you look at the this new (current) traditional mortgage money program.