Why Congress should privatize Fannie Mae and Freddie Mac

Article Abstract:

Privatizing the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Association (Freddie Mac) can increase the cost of business for government sponsored enterprises, part of which will be passed to the consumers in the form of higher mortgage interest costs. Fannie Mae and Freddie Mac were created in 1938 and 1970 respectively, to increase the availability of affordable home mortgages. Private firms cannot compete with them because of implicit government financial commitments which enable them to borrow money with lower market rates. Moreover, demand for mortgages was high, because Fannie Mae and Freddie Mac clients shoulder part of the entities' government subsidy.

Public Finance Activities, Mortgage Bankers and Brokers, Secondary Market Financing, Federal Home Loan Mortgage Corp, Federal National Mortgage Assn, Fannie Mae Corp., Federal Home Loan Mortgage Corp.

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Securitization of Mexican vacation home loans

Article Abstract:

US mortgage lenders' interest in securitizing mortgage loans on Mexican vacation homes suggests the need to consider factors such as the Mexican Real Estate Priority Rules. The rules apply to mortgages on real property in Mexico City. Mexico Mortgage Loan is a dollar-based loan negotiated in the US and secured by the the borrower's ownership interest in the Mexican trust. The major tax issue regarding Mexico Mortgage Loans, on the other hand, is on securing the loan with interest in real property, which has explicit references to the real estate investment rate (REIT).

Single Family Housing Construction, Single-family housing construction, Vacation Housing, Finance, Mexico, Vacation homes, Resorts

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