Notes
Gates (2017, p. 4).
“You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter.” Bible James 5:5, New International Version, at http://biblehub.com/james/5-5.htm.
Both Gates (2017, p. 77) and Howard (2014, pp. 92–95) discuss this event, with the latter lamenting that Fannie Mae should have talked Freddie Mac out of it.
Federal Home Loan Mortgage Corporation Act, Section 305(a)(2), at http://www.freddiemac.com/governance/pdf/charter.pdf.
See Freddie Mac at https://crt.freddiemac.com/offerings/imagin.aspx#overview-details, Rippert (2018), U.S. Mortgage Insurers (2018), Finkelstein (2018), and Pinto and LaMalfa (2018).
References
Finkelstein, Brad. 2018. Charter Creep Concerns. Asset Securitization Report, April, 18(3): 21–22.
Gates, Susan Wharton. 2017. Days of Slaughter. Baltimore: Johns Hopkins University Press.
Howard, Timothy. 2014. The Mortgage Wars. New York: McGraw-Hill Education.
Pinto, Edward J., and Tom LaMalfa. 2018. FHFA Needs to Curb Fannie and Freddie’s Insatiable Appetites. American Banker, June 27. https://www.americanbanker.com/opinion/fhfa-needs-to-curb-fannie-and-freddies-insatiable-appetites.
Rippert, Andrew. 2018. Mortgage Risk Transfer: Bringing New Private Capital to Housing Finance. Arch Capital Group Ltd., March. https://www.archcapgroup.com/Portals/0/misc/Arch%20MRT-White%20Paper%20-%20March%202018.pdf.
U.S. Mortgage Insurers. 2018. USMI Statement on IMAGIN, March 14. http://www.usmi.org/usmi-statement-on-imagin/.
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Nothaft, F.E. Susan Wharton Gates: Days of Slaughter. Bus Econ 54, 92–94 (2019). https://doi.org/10.1057/s11369-018-0093-1
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DOI: https://doi.org/10.1057/s11369-018-0093-1