Search Results

Showing results 1 to 10 of approximately 78.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
The GSEs: where do we stand?
Poole, William (2007-05)
This article was originally presented as a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Missouri, January 17, 2007.
Review , Volume 89 , Issue May

Speech
The GSEs: where do we stand?
Poole, William (2007)
a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Jan. 17, 2007
Speech , Paper 109

Working Paper
The Failure of supervisory stress testing: Fannie Mae, Freddie Mac, and OFHEO
Frame, W. Scott; Gerardi, Kristopher S.; Willen, Paul S. (2015-03-01)
In the aftermath of the global financial crisis, policymakers in the United States and elsewhere have adopted stress testing as a central tool for supervising large, complex, financial institutions and promoting financial stability. Although supervisory stress testing may confer substantial benefits, such tests are vulnerable to model risk. This paper studies the risk-based capital stress test conducted by the Office of Federal Housing Enterprise Oversight (OFHEO) for Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that are central to the U.S. housing finance ...
Working Papers , Paper 15-4

Working Paper
Conjectural guarantees loom large: evidence from the stock returns of Fannie Mae and Freddie Mac
Schmid, Frank A. (2003)
Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs) with publicly traded equity. Although these companies hold government issued charters, their securities are not legally backed by the full faith and credit of the United States government. Yet, investors and rating agencies seem to believe that the U.S. Government would "bail out" Fannie or Freddie if they became distressed. We provide evidence of a conjectural guarantee in GSE stock returns. Stock that contains an option on returning the shares at a given price to the issuer -- the government, in this case -- show ...
Working Papers , Paper 2003-031

Journal Article
Opinion : Risky business
Weinberg, John A. (2003-10)
Econ Focus , Volume 7 , Issue Fall , Pages 48

Working Paper
An analysis of government guarantees and the functioning of asset-backed securities markets
Passmore, Wayne; Hancock, Diana (2010)
Mortgage securitization has been tried several times in the United States and each time it has failed amid a credit bust. In what is now a familiar recurring history, during the credit boom, underwriting standards are violated and guarantees are inadequately funded; subsequently, defaults increase and investors in mortgage-backed securities attempt to dump their investments. ; We focus on a specific market failure associated with asset-backed securitization and propose a tailored government remedy. Our analysis of loan market equilibriums shows that the additional liquidity provided by ...
Finance and Economics Discussion Series , Paper 2010-46

Conference Paper
Freddie Mac and Fannie Mae: their funding advantage and benefits to consumers
Pearce, James E.; Miller, James C. (2001)
Proceedings , Paper 737

Working Paper
The GSE implicit subsidy and the value of government ambiguity
Passmore, Wayne (2005)
The housing-related government-sponsored enterprises Fannie Mae and Freddie Mac (the "GSEs") have an ambiguous relationship with the federal government. Most purchasers of the GSEs' debt securities believe that this debt is implicitly backed by the U.S. government despite the lack of a legal basis for such a belief. In this paper, I estimate how much GSE shareholders gain from this ambiguous government relationship. I find that (1) the government's ambiguous relationship with Fannie Mae and Freddie Mac imparts a substantial implicit subsidy to GSE shareholders, (2) the implicit government ...
Finance and Economics Discussion Series , Paper 2005-05

Conference Paper
GSE debt and the decline in the Treasury debt market
Ambrose, Brent W.; King, Tao-Hsien Dolly (2002)
Proceedings

Speech
Panel on government sponsored enterprises
Poole, William (2004)
Remarks before 40th Annual Conference on Bank Structure & Competition, Fairmont Hotel, Chicago, May 6, 2004
Speech , Paper 18

show more (3)

show more (5)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords