Brief A More Promising Road to GSE Reform
Jim Parrott, Lewis Ranieri, Gene Sperling, Mark M. Zandi, Barry Zigas
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Jim Parrott, Lew Ranieri, Gene Sperling, Mark Zandi, and Barry Zigas propose to merge Fannie Mae and Freddie Mac into a government corporation that pushes its credit risk into the private market. The authors believe that putting the infrastructure that the market depends on into the public domain and creating a broad and deep market for credit risk will replicate the benefits of the current system while ending its reliance on a too-big-to-fail duopoly.
Research Areas Housing finance Housing
Tags Federal housing programs and policies Housing markets Housing and the economy Single-family finance Agency securitization Housing finance reform Homeownership Finance
Policy Centers Housing Finance Policy Center
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