The roles of Fannie Mae and Freddie Mac have become increasingly controversial in the modern world of residential mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then discuss the controversies that surround them and offer recommendations for improvements in public policy.
Frame, W. Scott, and Lawrence J. White.
"Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?"
Journal of Economic Perspectives,