Fannie Mae a hypotéční krize

The aim of "Fannie Mae and the mortgage crisis" is to shed light on the function of Fannie Mae in the financial system of the United States, and more importantly its role in the mortgage crisis. The first issue setting off the crises came in mid-2006 when home prices peaked. Highly complex crises unfolded, in which GSEs posed significant risk to the financial stability. String of events followed in order to stabilize Fannie Mae, mortgage market, and therefore the whole financial system. Number of factors contributed to the collapse, ranging from inadequate government backing of Fannie Mae, growth of private-label MBS market to aggressive strategies. Individual shortcomings of the system in place back then are examined. In an effort to restore stability, multiple programs were introduced to deal with the shortcomings. Impact of the risks that materialized and the implications on Fannie Mae's business also deserve certain amount of attention. Thesis will therefore enlighten the impact on past, present and future activities of Fannie Mae, and often offer comparison with the second government-sponsored enterprise Freddie Mac.