Document Type

Article

Comments

This article predates the author's affiliation with Cornell Law School. It was published in the National Law Journal (September 15, 2008).

Abstract

Treasury Secretary Henry M. Paulson has announced that he is placing Fannie Mae and Freddie Mac in conservatorship. It is all but certain that both will exit their conservatorship in one form or another: perhaps retaining some of their hybrid public/private structure, perhaps as fully privatized companies, perhaps broken up into smaller companies. As the two cease to exist in their current form, it is worth thinking about what the future of the American mortgage market should look like without them.

Date of Authorship for this Version

9-15-2008

Keywords

Federal National Mortgage Association, Fannie Mae, Freddie Mac, Secondary mortgage market

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