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The U.S. Financial Crisis: The Global Dimension with Implications for U.S. Policy

Description: This report examines the global ramifications of the financial crisis, which exposed fundamental weaknesses in financial systems worldwide, and despite coordinated easing of monetary policy by governments and trillions of dollars in intervention by governments and the International Monetary Fund, the crisis continues.
Date: November 18, 2008
Creator: Nanto, Dick K.; Weiss, Martin A.; Jackson, James K.; Dolven, Ben; Morrison, Wayne M.; Cooper, William H. et al.
Partner: UNT Libraries Government Documents Department

Financial Institution Insolvency: Federal Authority over Fannie Mae, Freddie Mac, and Depository Institutions

Description: This report provides an overview of the U.S. credit crunch and its effect on Fannie, Freddie, Banks, and Thrifts. The report discusses the Federal Deposit Insurance Corporation (FDIC) and insolvent banks and thrifts.
Date: September 10, 2008
Creator: Carpenter, David H. & Murphy, M. M.
Partner: UNT Libraries Government Documents Department

Reporting Issues Under the Home Mortgage Disclosure Act

Description: This report describes current issues and recent changes to the Home Mortgage Disclosure Act (HMDA) of 1975. The report also provides a brief explanation of how recent reporting revisions may affect the reporting of loans covered by the Home Ownership and Equity Protection Act of 1994 and the Federal Housing Administration.
Date: October 24, 2008
Creator: Getter, Darryl E.
Partner: UNT Libraries Government Documents Department

FHFA's Administrative Reform of Fannie Mae, Freddie Mac, and the Housing Finance System

Description: This report discusses housing finance reform and structural changes enacted by the Federal Housing Finance Agency (FHFA), particularly in relation to government-sponsored enterprises (GSEs). It includes sections on GSEs and conservatorship; FHFA reforms broken down into information about risk-sharing transactions, a common securitization platform, and single security; and Congressional action on GSE reform.
Date: May 23, 2016
Creator: Hoskins, Sean M.
Partner: UNT Libraries Government Documents Department

Selected Legislative Proposals to Reform the Housing Finance System

Description: The 113th Congress has seen several developments in the effort to reform the housing finance system. In the House, the Protecting American Taxpayers and Homeowners Act of 2013 (PATH Act; H.R. 2767) was ordered to be reported out of the House Financial Services Committee on July 24, 2013. This report will briefly explain the different approaches to housing finance reform offered by these legislative proposals, focusing on efforts to replace Fannie Mae and Freddie Mac and reform FHA. The report does not describe every provision of the proposals but discusses major concepts and themes.
Date: June 11, 2014
Creator: Hoskins, Sean M.; Weiss, N. E. & Jones, Katie
Partner: UNT Libraries Government Documents Department

Housing and Economic Recovery Act of 2008

Description: This report discusses the Housing and Economic Recovery Act of 2008, P.L. 110-289, which changes many laws affecting both the housing and mortgage markets. It also surveys the most important changes caused by the act.
Date: August 19, 2008
Creator: Weiss, N. E.; Getter, Darryl E.; Jickling, Mark; Keightley, Mark P. & Foote, Bruce E.
Partner: UNT Libraries Government Documents Department

Housing Issues in the 110th Congress

Description: This report examines housing-related issues that have become prominent in the 110th Congress. Possibly the most visible issue is the prevalence of subprime loans and growing mortgage default and foreclosure rates. Congress has responded with numerous hearings and legislative proposals both to change the way in which the lending and home-buying industry is regulated and to assist borrowers who are facing default and foreclosure.
Date: November 1, 2007
Creator: Perl, Libby; McCarty, Maggie; Foote, Bruce E.; Boyd, Eugene; Getter, Darryl E.; Jackson, Pamela J. et al.
Partner: UNT Libraries Government Documents Department

H.R. 6076: Home Retention and Economic Stabilization Act of 2008

Description: The Home Retention and Economic Stabilization Act of 2008 would defer foreclosure for eligible mortgage borrowers for up to 270 days. If passed, the bill would give extra time to some borrowers and lenders to consider alternatives to foreclosure, including traditional loss mitigation and participation in the new Federal Housing Administration (FHA) program for refinancing troubled loans. Some policymakers believe that a moratorium on foreclosures could help stabilize housing markets and alleviate problems from the subprime financial turmoil. This report explores this issue in detail and analyzes the individual aspects of the relevant legislation.
Date: August 29, 2008
Creator: Murphy, Edward Vincent
Partner: UNT Libraries Government Documents Department

Fannie Mae's and Freddie Mac's Financial Problems: Frequently Asked Questions

Description: Recent turmoil in the housing and financial markets have caused concern over the future of Fannie Mae and Freddie Mac, which are chartered by Congress as government-sponsored enterprises (GSEs) and are widely believed to have an implicit guarantee from the federal government. The Office of Federal Housing Enterprise Oversight (OFHEO) -- the GSEs safety and soundness regulator -- has repeated assurances that Fannie and Freddie have adequate capital, but as highly leveraged financial intermediaries, Fannie Mae and Freddie Mac have limited resources against losses. This report analyzes various aspects of Fannie Mae and Freddie Mac in relation to the financial turmoil that began in September 2008.
Date: July 15, 2008
Creator: Weiss, N. Eric
Partner: UNT Libraries Government Documents Department

GSEs and the Government's Role in Housing Finance: Issues for the 113th Congress

Description: This report examines options concerning the future of the GSEs and the future government role in residential mortgage markets. Other CRS reports address related issues such as conservatorship, the GSEs' financial condition, residential mortgage markets in other nations, and affordable housing.
Date: September 13, 2013
Creator: Weiss, N. Eric
Partner: UNT Libraries Government Documents Department

Housing Issues in the 113th Congress

Description: This report begins by providing an overview of the current state of housing markets (both homeownership and rental) and the mortgage market in order to provide context for the policy issues that have been active during the 113th Congress. It then provides a brief description of issues that the 113th Congress has been considering. These issues are broadly divided into two categories: issues related to homeownership and housing finance, and issues related to housing assistance for low-income households
Date: unknown
Creator: Jones, Katie; Carpenter, David H.; Hoskins, Sean M.; Keightley, Mark P.; McCarty, Maggie & Weiss, N. Eric
Partner: UNT Libraries Government Documents Department