The Subprime Mortgage Reforms: The Case of US Market

Gurcharan, S. and Wong, E.S.K. and Folk, J.Y. (2009) The Subprime Mortgage Reforms: The Case of US Market. Research in Applied Economics, 1 (1). pp. 1-9. ISSN 1948-5433

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Official URL: http://www.macrothink.org/journal/index.php/rae/ar...

Abstract

The downfall of the mortgage industry in US has seen fingers being pointed to the government sponsored entities (Fannie Mae and Freddie Mac), while the roots cause of the formation of these entities were never closely followed. Originally the creation of the GSE was to create liquidity in the mortgage industry as part of public policy in providing housing for the middle and lower income group. Over time, resulting from a weak regulated environment saw the GSE suffering and now this left questioning the effectiveness of the initial policy.

Item Type: Article
Uncontrolled Keywords: Subprime Mortgage; Reforms; US Market
Subjects: H Social Sciences > HF Commerce
Divisions: Faculty of Business and Accountancy
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 24 Mar 2015 01:33
Last Modified: 24 Mar 2015 01:33
URI: http://eprints.um.edu.my/id/eprint/13103

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