Housing Government-Sponsored Enterprises: A New Oversight Structure Is Needed
Description:
Testimony issued by the Government Accountability Office with an abstract that begins "Serious concerns exist regarding the risk management practices and the federal oversight of the housing government-sponsored enterprises (GSE)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), which had combined obligations of $4.6 trillion as of year-end 2003. In 2003, Freddie Mac disclosed significant accounting irregularities. In 2004, the Office of Federal Housing Enterpris…
more
Date:
April 21, 2005
Creator:
United States. Government Accountability Office.
Partner:
UNT Libraries Government Documents Department